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With the approval of China Securities Regulatory Commission No.20 13300, CITIC Xincheng Asset Management Co., Ltd. was incorporated in Shanghai on April 2013 with a registered capital of 50 million yuan. The company was established by CITIC Trust Co., Ltd. and Xincheng Fund Management Co., Ltd. * * *, with a shareholding ratio of 45% and 55% respectively.

Under the management principle of "credit construction as the foundation, risk control as the premise, innovative service as the means and value realization as the goal", CITIC Xincheng adheres to the business purpose of "customer interests first", strictly abides by the provisions of laws, regulations and regulatory policies, fulfills its duties, is honest and trustworthy, strives to maintain and increase the value of customer assets, provides customers with the best service and makes positive contributions to the healthy development of the financial economy.

In order to better serve the real economy and adapt to the new development environment and opportunities of the wealth management industry, CITIC Xincheng will actively cooperate closely with banks, brokers, insurance, trusts and private placements, give full play to CITIC's brand influence, take advantage of shareholders' resources, especially CITIC Trust's professional, steady and innovative investment management experience in the trust field, build a professional management team, and strive to become an "integration" with obvious comprehensive advantages and lasting core competitiveness.

Under the management principle of "credit construction as the foundation, risk control as the premise, innovative service as the means and value realization as the goal", CITIC Xincheng adheres to the business purpose of "customer interests first", strictly abides by the provisions of laws, regulations and regulatory policies, fulfills its duties, is honest and trustworthy, strives to maintain and increase the value of customer assets, provides customers with the best service and makes positive contributions to the healthy development of the financial economy.