Press Release

J.P. Morgan First Capital Securities Co., Ltd. (JPMFC) today announced that it has appointed Ren Jin as Deputy Chief Executive Officer and Head of Investment Banking for JPMFC.

BEIJING, June 11, 2012 - J.P. Morgan First Capital Securities Co., Ltd. (JPMFC) today announced that it has appointed Ren Jin as Deputy Chief Executive Officer and Head of Investment Banking for JPMFC.

Jin will be responsible for driving JPMFC’s investment banking businesses and further advancing its client relationships. He will also support Dr. Bei Duoguang, CEO of JPMFC, in developing the company’s long term strategic growth plans in China.

“We are delighted to welcome Jin to JPMFC on the occasion of its first anniversary. His remarkable track record and 24 years of investment banking experience is a valuable addition to the leadership team,” said Zili Shao, Chairman and CEO of J.P. Morgan China. “This key appointment again demonstrates our commitment to building a leading investment banking platform onshore in China,” said Shao.

Liu Xuemin, Chairman of First Capital Securities and Chairman of JPMFC, said: “We’ve seen encouraging progress and are pleased with the company’s performance over the past 12 months. I am confident that Jin will be an essential part in the leadership team in driving the company to achieve its ambitious goals.”

Since its opening in June 2011, JPMFC has been committed to providing first-class services to its clients. Dr. Bei Duoguang, CEO of JPMFC, said: “We’ve built a franchise that is well placed to capture the market opportunities and I’m excited to partner with Jin to take our business to the next level.”

Jin joined JPMFC after spending 24 years at Bank of China (BoC) and BOC International Limited (BOCI). As a key member of the preparatory group of BOCI, Jin took on several significant roles in BOCI, most recently as the Deputy Chief Executive Officer. In this role, Jin led a series of corporate finance and restructuring projects for large private enterprises and state-owned enterprises as well as financial institutions.