China Huarong

China Huarong Asset Management Co., Ltd. (“China Huarong”) is a large public and non-banking financial enterprise which was approved by the State Council and co-established by the Ministry of Finance and the China Life Insurance (Group) Company (China Life Group) on September 28, 2012. China Huarong was previously known as China Huarong Asset Management Corporation (“CHAMC”) which was established in 1999. The company is one of China’s four major financial asset management companies.