Huai Yi Chen

Hwabao WP Fund Management Co., Ltd. (Hwabao FM) is an independent Chinese fund management firm which was founded as a joint venture between Baosteel Group (HWABAO Trust Co. Ltd.) and Societe Generale Group in 2003. It is now owned by Hwabao Trust Co., Ltd. (51%), Warburg Pincus Asset Management LP (29%) and Jiangsu Railway Group Co., Ltd. (20%). Headquartered in Shanghai, Hwabao FM manages funds for institutional investors.

Essence Securities Co. Ltd. (Broker) (Essence Securities-Broker) is the broke/dealer division of Essence Securities Co. Ltd., an investment bank headquartered in Shenzhen, China. It was founded in 2006 and is owned by SDIC Capital Co., Ltd. (SHA: 600061). The firm provides securities broking and trading services to retail clients.