China Huirong Financial Holdings Limited (Hong Kong SAR, China)

The company is a leading short-term secured financing service provider in China in terms of approved registered capital. They specialize in providing short-term loans secured by collateral, also referred to as ‘‘pawn loans’’, to our customers. The company operates in Suzhou city and the four county-level cities that are governed by the Suzhou city government, or the Greater Suzhou Area, which is the most economically advanced region in Jiangsu Province, one of the most economically developed provinces in China. As of 30 June 2013, Suzhou Wuzhong Pawnshop Co., Ltd, our PRC Operating Entity, had an approved registered capital of RMB500 million, the largest in Jiangsu Province and the second largest in China as of that date, and accounted for 0.5%, 5.8% and 23.8% of the aggregate approved registered capital amount for all pawn loan providers in China, Jiangsu Province and the Greater Suzhou Area, respectively, as of 31 December 2012.