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Formerly known as China International Travel Trust and Investment Co.,Ltd., China Minsheng Trust Co., Ltd. was established in 1994. The company completed the restructuring andre-registration on April 16, 2013, and was resumed for business on April 28. Atpresent, the company has a registered capital of RMB 7 billion; its main shareholders Wuhan CBD Investment & Development Co., Ltd., Zhejiang Oceanwide Construction Investment Co., Ltd. and Beijing Tourism Group respectively hold 82.7071%,10.7143% and 6.4286% shares.

The business scope of Minsheng Trust includes: (1) Money trust; (2) Movable property trust; (3) Realestate trust; (4) Negotiable securities trust; (5) Trust of other properties or property rights; (6) Engagement in investment fund business as the initiator ofinvestment fund or the fund management company; (7) Enterprise asset restructuring, merger & acquisition, project financing, company financing and financial consultancy, etc.; (8) Entrusted securities under writing approvedby competent departments of the State Council; (9) Brokerage, consultancy andcredit information investigation; (10) Custody and safe deposit box service;(11) Utilization of fixed assets by means of deposit in other banks, inter-bankloan, loan, lease and investment; (12) Guarantee for others with inherent properties; (13) Inter-bank lending; (14) Other business stipulated by laws and rules or approved by CBRC.

Minsheng Trust focuses on the active management business in compliance with supervisionguidance and strategic requirements of the Board of Directors, realizes stable business development following the strategy of high-quality clients and projects, expands the strategic cooperation with domestic leading enterprises,and details the substantive cooperation with intermediary enterprises. The company emphasizes professional, routine and transparent operations, realizes transformation and development towards the market positioning of “investment, financing, investment bank, asset management and wealth”, andstrives to make great progress in terms of capital, asset, structure, income,profit, team, specialty, characteristic, culture and brand, and enhances the transformation from a trust company attached to commercial banks to one that manages investment banks.

In 2015, Minsheng Trustrealized total revenue of RMB 1.08 billion with a net profit of RMB 391 million.The total assets amounted to RMB9.5 billion with a net asset of RMB9.15 billion. By May 31, 2016, it had existing trust assets of RMB 125.7 billion, including funds totaling RMB 6.4 billion. The actively managed assets reached RMB 78.1 billion (including funds of RMB 6.4 billion), accounting for 62% of the total assets.

Based in Beijing, Minsheng Trust focuses on the national strategic layout. It has established trustsales and wealth management teams in Shanghai, Nanjing, Shenzhen, Chengdu and Wuhan aside from its headquarters in Beijing. In future, it will establish branches in Wuhan, attaching great importance to businesses in the Yangtze River Delta, Pearl River Delta, Southwest China and Central China.