Fosun Signed a HK$30 Billion Financial Cooperation Agreement with China Development Bank

Supporting the Group's Business Development in Insurance, Asset Management, Strategic and Industrial Investments

HONG KONG, July 19, 2012 /PRNewswire-Asia/ -- Fosun International Limited ("Fosun" or the "Company", together with its subsidiaries, the "Group", HKEx stock code: 00656) today announced the signing of a cooperation agreement for development finance with China Development Bank Corporation ("China Development Bank") that valued HK$30 billion in aggregate, providing a robust support for the Group's business development in the future.

Mr. Guo Guangchang, Chairman of Fosun, said, "China Development Bank is an important partner of Fosun. To foster a closer collaboration, Fosun and China Development Bank had mutually agreed to build a long-term, stable and in-depth collaboration in development finance. This comprehensive and in-depth strategic partnership would allow both parties to prosper together, by leveraging Fosun's competitive edges with China Development Bank's strengths in financing."

According to the agreement, China Development Bank will provide Fosun with a comprehensive financial service coverage including investments, loans, debts, leases and securities issuances. In addition, the Bank will also serve as a financial advisor, providing consultancy and financing planning services for Fosun's business strategic plans, mergers, acquisitions and reorganisations, debt issuances, investment and financing solutions, legal and governance structures and syndicated financings.

Mr. Guo said, "The financing support from China Development Bank represents strong financial reassurance on Fosun's rapidly-developing investment capabilities, which lays a solid financial backing towards the pursuit of the Group's vision of becoming 'a premium investment group with a focus on China's growth momentum'."