Press Release

JPMFC acted as the sole lead underwriter on RMB 800 million enterprise bond offering for Guangyuan Investment Holding (Group) Co., Ltd.

RMB 800 million 7-year Enterprise Bond offering for Guangyuan Investment Holding (Group) Co., Ltd. (“the Issuer”) was successfully completed on 28 November 2012 and will be listed on both the inter-bank market and Shanghai Stock Exchange later. The offering yield is 7.25% (AA-/AA-rated, 20% repayment of principal at the end of 3th, 4th, 5th, 6th and 7th year respectively, with RMB 1.555 billion land use rights provided by Guangyuan Park Construction Investment Co., Ltd as collateral). J.P. Morgan First Capital (“JPMFC”) acted as the sole lead underwriter in this transaction.

The strong demand and the success offering of this transaction helps solidify the close relationships between JPMFC and the investors on the bond market, and lay a great foundation for further corporation in the near future.