Press Release

JPMFC acts as the sponsor and sole lead underwriter on RMB 840 million corporate bond offering for Anhui Huamao Textile Co., Ltd.

RMB 840 million 5-year Corporate Bond offering for Anhui Huamao Textile Co., Ltd was successfully completed on 13th April 2012 and is to be listed on the Shenzhen Stock Exchange market recently. The offering yield is 6.30% (AA/AA rated, with the investor’s option to sell back the bond and the issuer’s option to raise the coupon rate and to call back the bond at the end of the 3rd year). J.P. Morgan First Capital (“JPMFC”) acted as the sponsor and sole lead underwriter on this deal.

Huamao Corporate bond is the first C-bond deal executed by JPMFC as lead underwriter and displays the efficiency of JPMFC’s C-bond deal execution. Moreover, its offering yield of 6.30%, which is at the floor level of the book-building range, is distinctly lower than similarly rated C-bonds issued at the same period of time, showing the strength of JPMFC and FCS’ sales force well.