Gold-Finance Holdings Limited Plans to Invest RMB200 Million in Ningbo Meishan Duty-Free District PPP Fund

HONG KONG, Oct. 4, 2016 /PRNewswire/ --  Gold-Finance Holdings Limited ("Gold-Finance Holdings" or "the Company") (Stock Code: 1462.HK), an affiliate of Gold-Finance Group, the largest wealth management company in Zhejiang Province, is pleased to announce that an indirectly wholly-owned subsidiary of Hangzhou Jinkai Yuanguan Investment Management Company Limited ("Jinkai Yuanguan" or "the Subsidiary"), has made an application (the "Proposed Investment") to contribute an aggregate sum of RMB200 million for the subscription of the participating shares as a limited partner of Zhongxing New Town Industrial Investment Private Fund ("the Fund"), operating as a limited partnership, namely Ningbo Meishan Duty-Free District Jinyouding Investment Management Centre (Limited Partnership).

The target Fund size is approximately RMB800 million and the objective of the Fund will be to carry out certain investment management and investment consultation activities in relation to local governmental infrastructure projects in the form of a public-private partnership ("PPP") model and other related projects covering industries including but not limited to, integrated urban development, comprehensive tourism development, urban railway transit, security housing, sponge cities and the related services in healthcare, culture and entertainment and financial services.

Gold-Finance Holdings believes that by adopting a proactive but prudent approach in investments, it will grow the Company's investment returns. Considering that the Fund will be well-managed by investment professionals, the Company expects that the Proposed Investment will diversify the Company's investment risk and further enhance the rate of return of the Company's investment through access to a wider variety of investment channels in which the Company may not have access at present. The Proposed Investment also provides the Company with an opportunity to manage its excess liquidity.

Wei Jie, the Chairman and CEO of the Company said, "PPP is an important national policy to promote the development of new urbanization. Therefore, as the country's future pace of development accelerates, we expect the policy to receive greater demand from the central and local governments. The Company plans to invest in this PPP fund at this critical moment in hopes to seize the opportunity in the fast-growing PPP market and to establish a strong presence."

About Gold-Finance Holdings Limited

Gold-Finance Holdings Limited, formerly Nga Chun Holdings Limited, was sold to parent company Gold-Finance Group on 15 December 2015 with 75% shares acquired, and the Group purchased the remaining amount on 26 January 2016. Currently, Wei Jie, Xu Li Yun, Jiang Junwei and Wong Kam Ting were appointed as Executive Directors of the Company. In April 2016, the Company formally changed its name to Gold-Finance Holdings Limited.

About Gold-Finance Group

Gold-Finance Group, a comprehensive modern finance group, features four business sectors including Gold-Finance Fortune, new urbanization, culture and education. Gold-Finance Fortune is the largest global wealth management company in the Zhejiang Province, focusing on the development and selling of high-end wealth management products. With accumulated asset under management exceeding RMB30 billion and 60 branches around the world, it is one of the most influential brands in Zhejiang Province. In recent years, the Group began to expand and explore its new town development business. Through the cooperation with local governments in capital, construction and operation, the Group has helped to achieve modern financial driven new urbanization for the local governments. In terms of culture, the Group's main focus is in media investment. The Group is the main investor of "The Mermaid", the highest-grossing film in China. In education, the Group established a partnership with Xi'an Jiantong Liverpool University, sponsoring the School of Finance and School of Media. The Group also actively expanded its PPP business in recent years. In the first half of 2016, the accumulated amount of the Group's signed PPP contracts reached RMB150 billion, focusing on the infrastructure in Zhejiang, Jiangsu and Anhui Province, including investments in subways, bridges, tunnels, highways and sewage treatment plants.