Press Release

JPMFC acted as the sponsor and sole lead underwriter on RMB 461 million convertible bond for Tianshui Huatian Technology Co., LTD.

Convertible bond offering for Tianshui Huatian Technology Co., LTD. was successfully completed on 16th Aug. 2013 and has been listed on the Shenzhen Stock Exchange from 28th Aug. 2013. The offering size is RMB 461 million (6 years, AA/AA rated, none guarantee or collateral). The interest rate is set as 0.5%, 0.7%, 0.9%, 1.1%, 1.3% and 1.5% for each of the consecutive years. Initial conversion price is RMB 9.79 per share. J.P. Morgan First Capital (“JPMFC”) acted as the sponsor and sole lead underwriter in this transaction.

The coupon rate of the convertible bond is the lowest interest rate combination among all the previous convertible bonds in A-share market. The online offering amount of the convertible bond was oversubscribed 59 times. The success of the transaction demonstrated JPMFC’s strength and competitiveness on convertible bond financing.