| Company Profile | Huabao Fund Management Co., Ltd. was approved to open on February 12, 2003. It is one of the first Chinese foreign joint venture fund management companies in China and the first Chinese foreign joint venture fund management company initiated by a trust company and a foreign asset management company. At present, the shareholders of Warburg Fund Management Co., Ltd. are Warburg Trust Co., Ltd. (51%), Warburg Pincus Investment Group (29%) and Jiangsu Railway Group Co., Ltd. (20%). Established in 1998, Warburg Trust Co., Ltd. (hereinafter referred to as "Warburg Trust") is a member company of the industrial and financial sector of China Baowu Iron and Steel Group Co., Ltd. (hereinafter referred to as "China Baowu"). China Baowu Iron and Steel Group Co., Ltd. holds 92.90% of the shares, Zhoushan Caijin Investment Holding Co., Ltd. holds 5.20% of the shares, and Zhoushan State owned Assets Investment and Management Co., Ltd. holds 1.90% of the shares. The registered capital of Huabao Trust is 5.004 billion yuan. China Baowu, the major shareholder of Warburg Trust, has outstanding reputation and strong strength, ranking 44th in the Fortune Global 500 in 2022. Adhering to China Baowu's consistent rigorous, steady, honest and standardized style, Warburg Trust has always taken "maximizing the interests of beneficiaries" as its business philosophy, specialized and differentiated development as its basic strategy, asset management and trust services as its two main businesses, based on the capital market, and constantly strengthened capacity building, channel building and brand building. Huabao Trust has the business qualifications of entrusted overseas wealth management business, enterprise annuity account manager, private fund manager, qualified investor of block trading system, asset securitization business, inquiry object of new share issuance, etc. Since its establishment, Hwabao Trust has created good returns for investors, and from 1998 to 2022, it has achieved a total of 255 billion yuan of returns for customers. By the end of 2022, the trust assets managed by Warburg Trust had reached 340.5 billion yuan. Warburg Pincus Investment is a leading investment institution in the world, focusing on growth investment. As an experienced partner, Warburg Pincus Investment is committed to working with entrepreneurs to build an enterprise with long-term sustainable value. At present, Warburg Pincus has managed more than 80 billion dollars of assets globally and invested in more than 250 enterprises in different industries and at different stages of development. Warburg Pincus has raised 21 private equity funds and 2 real estate funds, and has invested more than $109 billion in more than 1000 enterprises in more than 40 countries and regions. As an entrepreneur growth partner, Warburg Pincus has long been committed to supporting and cultivating new economic leading enterprises in China. Since entering the Chinese market in 1994, Warburg Pincus has invested nearly US $16 billion in more than 150 enterprises in multiple industries in China, making it one of the largest and most active international private equity investment institutions in China. Jiangsu Railway Group is a provincial super large state-owned enterprise approved by the Jiangsu Provincial Party Committee and the Jiangsu Provincial Government and managed by the provincial party committee. With a registered capital of 100 billion yuan, it is a provincial railway enterprise with the largest registered capital in China, Shouldering six important responsibilities entrusted by the Jiangsu Provincial Party Committee and the Jiangsu Provincial Government, including "provincial capital raising and related debt financing of railway construction projects in the province, establishment of related railway project companies, construction management of self built railway projects, property rights management and operation management of railway projects, comprehensive development of related resources such as land along the railway, and establishment and management of railway construction and development funds". Jiangsu Railway Group has always adhered to serving the major national strategy and the high-quality integrated development of Jiangsu, giving full play to the leading and driving role of state-owned capital. At present, there are 24 railways under construction and built, with total assets of about 300 billion yuan and net assets of about 180 billion yuan. The total mileage of railways built in Jiangsu Province has reached 4277 kilometers. Since its establishment, Warburg Fund Management Co., Ltd. has seen steady development in various businesses. The company has actively seized the opportunity of China's rapid economic development, played the resource advantages of joint venture funds, benefited customers, and committed to becoming a featured boutique asset management company trusted by investors, with unique competitiveness and social responsibility in the industry. |
