GOLDSTONE INVESTMENT

GoldStone Investment Ltd. (GoldStone Investment) was incorporated in Beijing in October 2007 with a registered capital of RMB 4.6 billion. As a wholly-owned subsidiary of CITIC Securities, it is solely engaged in direct equity investment and focuses on the private companies with the potential of going public. In pursuant to the approval by CSRC, GoldStone Investment was among the first to conduct the pilot operation of direct equity investment. GoldStone Investment completed a total investment ... of over RMB 3.84 billion in 2010; 56 investment deals were closed in the year, including 7 deals with successful IPO. The Beijing Agricultural Industry Investment Fund managed by GoldStone Investment achieved remarkable progress in 2010 by completing an investment of RMB 200 million, which accounted for 20% of the total size of the fund. A new proceeds of RMB 2 million was also raised in the year. In 2010, GoldStone Investment was granted the award of ¡°Investment Institution Excellence¡± which was jointly sponsored by Shanghai Securities News and elected by a number of financial institutions and media.More