Creat Group and Mitsubishi Corporation Jointly Establish Sino-Japanese Complementary Cooperation Fund

HONG KONG, July 12, 2011 /PRNewswire-Asia/ -- Creat Group Company Limited (hereinafter referred to as "Creat Group") and Mitsubishi Corporation (hereinafter referred to as "MC") agreed to jointly establish a private equity fund to assist in developing complementary cooperation between Chinese and Japanese enterprises. With a scale of 10 billion yen in the first round, the signing of "Joint Venture Agreement" of the fund management company has completed recently. It is also the first fund of this kind set up between China and Japan.

As the largest trading partner to each other, the economic correlation between China and Japan is increasing. Over the past 32 years, the rapid growth process in China led to an enormous market advantage; however, the insufficiencies in capital, technology, market, branding, management experience and internationalized talents become constraints and bottlenecks for further development of Chinese enterprises. Complementary cooperation with enterprises in Japan possessing such advantages is urgently needed to achieve development synergy.

In this context, this fund aims to promote China and Japan to complement each other and develop synergy by offering funds for the following enterprises: 1) Chinese enterprises which can strengthen competitive advantages in world markets by cooperation with Japanese enterprises; 2) Sino-Japanese joint ventures; 3) Japanese enterprises becoming strategic partners of Chinese enterprises.

Riding on their networks in China and Japan, along with the provision of such fund, Creat Group and MC will provide services on integration of resources, capital operation and strategy planning, as well as other value-added aspects, for investee companies to enhance their corporate value through growth in results. Simultaneously, the company will assist its investee companies in financing activities through listings in vibrant financial markets such as Hong Kong and mainland China.

With this fund foundation, Creat Group and MC encourage Sino-Japanese business cooperation of all industries to strengthen China's competitiveness in the global community while contributing to the restructuring, transformation and upgrading of China's economic infrastructure.

Reference:

1. Creat Group Overview

Creat Group is an international strategy-oriented professional investment company. With nearly two decades of experience in domestic and foreign investments, it creates an outstanding investment management team and gradually formed the investment philosophy of finding, enhancement and realization of value, leading investee companies to become industry pioneers. Riding on its rich experience, it owns six listed companies in Shanghai Stock Exchange, Shenzhen Stock Exchange, Hong Kong Stock Exchange, London's AIM, and Australian Securities Exchange.

2. Mitsubishi Corporation Overview

Mitsubishi Corporation ("MC") is the world's largest general trading company, mainly engaged in international trading and industrial investment. In 2010, MC's annual sales reached US$234.6 billion and after-tax profit of US$5.6 billion. It ranked 146 of the top 500 companies worldwide in the year.

MC developed its "2010 Mid-term Business Plan", planning to invest approximately US$25-30 billion by setting China, India and Brazil as its strategic areas. It strives to continuously grasp any business opportunities arising from the domestic demands of emerging countries to create "sustainable corporate value".

MC's main business, through the six business sectors (Industrial Finance, Logistics & Development Group, Energy Business Group, Metals Group, Machinery Group, Chemicals Group and Living Essentials Group) with over 200 bases of operations to develop businesses with nearly 10,000 companies worldwide. Together with its 500 group companies, MC employs a multinational workforce of approximately 48,000 people. Its headquarters in Shanghai houses a team of 900 staff.

3. Fund management company Overview