Hanfu: Hanfu Beijing Capital Management Co., Ltd. is a top private investment bank and fund management company in China. Invest in and serve high-quality enterprises in China and cultivate leading enterprises in China. There are hundreds of core partners in the world, and there are rich government resources, contacts and customer information resources in China. The management team is not only familiar with domestic and foreign capital markets, but also well versed in China local culture. This organic combination has effectively promoted the successful landing of China enterprises in domestic and foreign capital markets.

Nuoyuan: Nuoyuan Assets is a company engaged in asset management and wealth allocation. We have invested from high net worth products of 1 10,000 to products with fixed income of 50,000. Hanfu, the main group company, has strong strength, good risk control system and private equity fund license. It is supervised by the CSRC and belongs to a company that can invest with confidence. Nuoyuan Assets consists of Hanfu Giant Panda Kaikai and Hanfu Capital.

Relationship: Hanfu Capital is the largest holding company of Nuoyuan assets, in other words, it is the parent company of Nuoyuan today. Therefore, Hanfu Capital is bigger than Nuoyuan's assets. However, Hanfu is an investment banking business, and Nuoyuan is a wealth management business.