HRRDAMC

　　Huarong Rongde Asset Management Company Limited (the HRRDAMC) is the first sino-foreign joint venture approved by the Chinese authorities established by China Huarong Asset Management Corporation (the China Huarong), Deutsche Bank AG, Clearwater Capital and other international financial institutions, in Beijing, on 29th August, 2006. HRRDAMC has a registered capital of RMB 1.788 billion, with China Huarong holding 59.3%. HRRDAMC combines and integrates the strengths of China HuaRong, Deutsche Bank AG, Clearwater Capital and other international financial institutions in terms of brand, expertise, network and clients, and has set up corporate governance, business system, management process and internal control mechanism in line with international standard.

　　As the investment platform jointly set up by China HuaRong, Deutsche Bank AG, Clearwater Capital and other international financial institutions, HRRDAMC specializes in special asset investment, by way of mezzanine investment, fixed-income investment, private equity etc. HRRDAMC helps good companies to expand production, complete M&A, in order for them to grow stronger and bigger rapidly. In addition to investments with own capital, HRRDAMC acts as a fund manager that manages a number of funds. As of the end of 2014, the total assets invested and managed by HRRDAMC exceeded RMB 30 billion, having been generating stable and good return for shareholders and investors.