#1遠 東 FAREAST HORIZON Investor Presentation Far East Horizon Limited August 2022#2Disclaimer This material is prepared by Far East Horizon Limited (the "Company") and has not been independently audited. This document contains confidential and proprietary information, and its contents have not been verified by an independent third party. The Company does not guarantee the accuracy, fairness and completeness of the information contained herein and does not have any obligation to update or revise the forward looking statements contained herein in the future, nor does it make any explicit or implicit representation or guarantee as to the fairness, accuracy, completeness or correctness of the information or views contained herein. Therefore, people should not rely on the fairness, accuracy, completeness or correctness thereof. The information contained in this document is subject to change without notice, and will not be updated in connection with significant progress made after the marketing. In addition to descriptions of historical facts, this material contains certain forward looking statements. Such statements often involve some known or unknown assumptions, risks and uncertainties, most of which are beyond the control of the Company. You are kindly reminded not to unreasonably rely on these forward looking statements as they may differ significantly from reality. Note: Unless otherwise specified, all monetary amounts stated herein are denominated in RMB. 2#3Contents 1 Results Overview 2 Business Analysis Note: Unless otherwise specified, the data herein is as of 30 June 2022 3#42022 1H results: Further growing profitability and steadily improved asset quality • • In 2022 1H, despite the complex and severe environment, our revenue and net profit attributable to the parent still reached around RMB17.7 billion and RMB2.8 billion respectively, representing a year-on-year increase of 9% and 10% respectively. Asset quality steadily improved. NPL remained stable. The proportion of interest-earning assets overdue for more than 30 days further declined The growth was mainly attributable to (1) the growing interest-earning financial leasing assets with steadily increased interest spread and improved asset quality; (2) the sustained rapid growth in equipment operation business; and (3) the steady operation of hospital operation business Profitability (RMB'00 million) 9% YoY 177 Asset quality (%) 162 10% YoY 26 28 1.06 1.06 0.94 0.92 Revenue ■2021 1H Net profit attributable to the parent ■ 2022 1H NPL 30+ proportion ■ 2021 ■ 2022 1H Notes: "Financial leasing" as referred to herein includes financial leasing business, as well as inclusive finance, commercial factoring, PPP investment, overseas business, asset business and other new business directions 4#5Steady improvement in profitability metrics • ⚫ Annualized ROA and annualized ROE were about 1.8% and 13.6% respectively, which constantly generated satisfactory returns . EPS amounted to RMB0.68, representing a year-on-year increase of about 6%; net assets per share amounted to RMB9.77, representing a year-on-year increase of about 10% EPS (RMB/share) 6% YoY 0.68 0.64 BVPS (RMB/share) ROA ROE 10% 9.77 YoY 13.6% 8.91 1.8% 2021 1H 2022 1H 2021 1H 2022 1H 2022 1H 2022 1H 5#6• Further optimized revenue structure Adhering to the strategy of "finance + industry", the industrial operation segment sustained rapid growth, which increased revenue contribution and optimized the Group's overall revenue structure The rapid development of the industrial operation segment is expected to contribute to the steady improvement in the Company's overall profitability and long-term ROE Revenue structure at the time of listing (1H 2011) Industrial operation* Financial business 3% 97% RMB1.9 billion Revenue structure in 1H 2021 ■Industrial operation ■Financial business 69% 31% RMB16.2 billion Revenue structure in 1H 2022 ■Industrial operation ■Financial business 65% Note*: Mainly refers to revenue related to brokerage business and hospital construction and operation 6 35% RMB17.7 billion#7Pandemic response: Actively responded to pandemic lockdown and control while striving to ensure steady performance growth • In the face of the recurring pandemic outbreaks and the prolonged lockdown and control in Shanghai, where the Company is headquartered, in 1H 2022, the Company's CEO took the lead and led the core management personnel to station at the headquarters to ensure normal operation and continued efficient service to customers • On top of ensuring pandemic prevention and safety, the front-line business personnel actively reached out to customers, gave full play to the advantages of the Company's nationwide presence, flexibly promoted businesses and safeguarded assets, achieving performance growth against the tide in 1H 2022 Management headquarters: stationed at the Company to support operation Business front line: Local advantages & Active outreach Returned to work overnight before lockdown I ★ Stationed at headquarters to support business operations ▼ Offices of financial segment Network of Horizon Construction Development Hospitals of Horizon Healthcare 7 上海 $ B#8Financial leasing: Steady growth in business size • • The interest-earning assets increased to over RMB284.1 billion, with realized financial leasing revenue of over RMB11.6 billion, representing a year-on-year increase of about 4% The growth was mainly attributable to the continuous development in industrial fields, which are basic industries related to the national economy and people's livelihood with tremendous potential for the Company to further explore and develop, and the solid operation foundation of financial leasing. The comprehensive financial services such as inclusive finance, commercial factoring, PPP investment, overseas business and asset operation have been steadily expanded, and the ability to provide customized services to customers has been continuously improved Revenue from financial leasing (RMB'00 million) Net interest-earning assets (RMB'00 million) 10% HoH 2,841 2,584 2021 2022 1H 8 4% YoY 116 111 2021 1H 2022 1H#9Financial leasing: Steady growth in rate of net return • • The NIS of the Company was 3.75%, representing a year-on-year increase of 0.63 percentage point; the NIM was 4.49%, representing a year-on-year increase of 0.53 percentage point The growth was mainly attributable to the fact that the Company (1) continued to maintain and explore high-quality industries and customers; (2) maintained a stable customer coverage strategy and responded to customer needs in a timely manner, which ensured stable pricing; and (3) keep diversified financing sources and reduce financing costs Net interest spread (NIS) 63BPs 3.12% Net interest margin (NIM) 3.75% 3.96% 53BPs 4.49% 2021 1H 2022 1H 9 2021 1H 2022 1H#10Financial leasing: Steady improvement in asset quality with sound and prudent accounting policies • • • The NPL was 1.06%, and the asset quality improved steadily, demonstrating the strict risk control system and strong asset management capability of the Company The proportion of interest-earning assets overdue for more than 30 days (“30+ Proportion”) further declined to 0.92%, indicating a trend of continued improvement in the Company's asset quality going forward The NPL coverage rate was around 236%, reflecting the sound and prudent accounting policies of the Company 1.06% NPL 30+ Proportion NPL Provision coverage rate 1.06% 0.94% 0.92% 242% 236% 2021 2022 1H 2021 2022 1H 2021 2022 1H 10#11Financial leasing: Reasonable matching of asset and liability maturity with acceptable level of security and efficiency • The Company prudently manages the matching of asset and liability maturity to ensure liquidity safety and capital utilization efficiency 716 545 Matching of asset and liabilities (RMB'00 million) Financial assets ■Financial liabilities 1.482 1,238 1,206 1,182 67 38 Within 3 months 3 to 12 months 1 to 5 year(s) Over 5 years#12Horizon Construction Development: Continued rapid growth • • Horizon Construction Development maintained rapid growth, with revenue and net profit of about RMB3.6 billion and RMB290 million respectively, representing a year-on-year increase of about 47% and 17% respectively Horizon Construction Development consolidated its position as the industry leader with increasing market share, and maintained huge advantages in terms of equipment in use, network establishment, asset management and digitalization Revenue (RMB'00 million) 47% YoY Net profit (RMB'00 million) 17% 36 2.5 YOY 2.9 24 2021 1H 2022 1H 12 2021 1H 2022 1H#13Horizon Construction Development ⚫ In April 2021, a strategic financing of over US$200 million was completed with investors including strategic investors such as XCMG, Zoomlion, Dingli, LGMG and Terex as well as Hillhouse Capital, China Innovative Capital, CMB International and other acknowledged financial investors • Capitalization will proceed based on the market conditions Initial external financing of US$200 million by Horizon Construction Development Strategic investors XCMG ZOOMLION A 临工重机 徐工集团 中联重科 DINGLI TEREX CORPORATION LGMG Capitalization will proceed based on the market conditions 凍 遠東宏信有限公司 FAR EAST FAR EAST HORIZON LIMITED (Incorporated in Hong Kong with limited liability) (Stock code: 3360) RENEW OF LISTING APPLICATION BY HORIZON CONSTRUCTION DEVELOPMENT LIMITED Exceed New Height Terex Zhejiang Dingli Financial investors HILLHOUSE 高瓴资本 中新融创 Hillhouse Capital China Innovative Capital M 招银国际 CMB INTERNATIONAL INTRODUCTION Reference is made to the Company's announcement dated 30 June 2021 in relation to the Proposed Spin-off and separate listing of Horizon Construction Development on the Main Board of the Stock Exchange (the "Announcement"). Unless otherwise specified, capitalised terms used in this announcement shall have the same meanings as those defined in the Announcement. RENEW OF LISTING APPLICATION BY HORIZON CONSTRUCTION DEVELOPMENT On 30 June 2021, Horizon Construction Development submitted a listing application form (Form A1) to the Stock Exchange to apply for the listing of, and permission to deal in, the Horizon Construction Development Shares on the Main Board of the Stock Exchange (the "Listing Application"). The Company was informed that the Listing Application was renewed on 25 February 2022 because of lapse of the six-month period from the date of the Listing Application. 13#14Horizon Healthcare: Steady revenue growth with characteristic medical services are created • Amid an adverse environment of frequent pandemic outbreaks, Horizon Healthcare recorded revenue of about RMB2.1 billion and maintained stable operations • In line with the State's policy of encouraging private medical institutions to provide basic medical services, Horizon Healthcare focuses on regions of less access to medical resources and creates a unique model of medical services ⚫ In response to the government's call, Horizon Healthcare fully supported pandemic prevention and control to fulfill its social responsibilities Revenue (RMB'00 million) Net profit (RMB'00 million) 20 20 21 2021 1H 2022 1H 14 1.2 0.9 2021 1H 2022 1H#15Condensed Balance Sheet Unit: RMB'00 million 30 June 2022 31 December 2021 Change Total assets 3,585 3,359 6.7% Interest-earning assets 2,841 2,584 9.9% Total liabilities 3,090 2,828 9.3% Total equity 495 531 -6.8% Equity attributable to ordinary shareholders 422 415 1.6% Net assets per share (RMB/share) 9.77 9.63 1.5% 15#16Condensed Income Statement Unit: RMB'00 million 2022 1H 2021 1H Change Total revenue 177.2 161.8 9.5% Total pre-tax profit 45.6 42.1 8.4% Consolidated net profit 31.3 28.9 8.2% Net profit attributable to ordinary shareholders 28.4 25.7 10.5% EPS (RMB/share) 0.68 0.64 6.3% ROA 1.80% 1.83% -0.03pct ROE 13.58% 14.45% -0.87pct 16#17Contents 1 Results Overview 2 Business Analysis 17#18Nine major real industries Four major sectors Manufacturing Machinery . Far East Horizon: China's largest independent financial leasing & financial services group with in-depth operations in specific industries Far East Horizon is the largest independent financial leasing company in China, and offers comprehensive services centering on nine major real industries for its corporate customers: Being a leader in the financial leasing business, Far East Horizon serves more than 20,000 corporate customers and offers tailor-made financial services, with interest earning assets of approximately RMB284.1 billion Horizon Construction Development, one of its subsidiaries, is the largest equipment operation service enterprise in China, ranking among the top in the world, with an asset size of approximately RMB29.3 billion Horizon Healthcare, a large private medical service group, regards its layout in third-, fourth-, and fifth-tier cities as its foundation, with around 11,000 beds available Three major China's largest independent financial leasing & financial services group, with in depth operations in specific industries Financial leasing & business lines customized financial services Equipment operation (Horizon Construction Development) Hospital operation (Horizon Healthcare) Electronic information Chemical & medicine 18 Culture & tourism Consumption Public consuming Transportation & logistics Urban public utility Infrastructure Health Engineering construction Healthcare#19Financial Leasing#20Financial leasing: The largest independent financial leasing service group in China • • The Company has the most leading financial leasing business in China and offers tailor-made financial services for corporate customers. Its interest-earning assets amounted to about RMB284.1 billion, serving more than 20,000 customers The Company has been insisting on serving customers in the real industries with long-term and stable development direction, and has continued to increase the customer coverage in various related industries, with multiple sub- sectors available for development and an extensive potential customer base RMB284.1 billion Interest-earning assets Business overview 20 1.06% NPL#21Financial leasing: Steady growth in operating results across cycles with a business model demonstrating strong vitality • • • From 2011 to 2021, the interest-earning assets of the Company increased to RMB258.4 billion from RMB41.8 billion, representing a CAGR of approximately 20%, with more than 20,000 customers served in total As a leader in the financial leasing industry, under the gradual refinement of regulations and continuous upward trend of financial leasing penetration rate, the Company will continue to maintain its industry-leading position and achieve long- term and steady growth Adhering to its unique, industry-oriented business model, the Company created the first-ever A-F section operation & management process, which has been tested and proven across various economic cycles and demonstrated strong vitality Size of interest-earning assets (RMB'00 million) First-ever A-F section operation & management process Section A 2,841 Section B Section C Section D Section E Section F 20% CAGR 2,584 Customer 2,240 2,354 Credit Contract management management management Document handover Post-lease management Project 1,940 2,031 write-off 園 화 1,398 1,220 1,008 Leading industry development & gaining wide recognition 807 576 418 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 1H 21 Market position Best Listed Leasing Company at the China Financial Leasing Soaring Award Leading Enterprise in Financial Leasing Industry - Golden Tripod Award Best Business Mode Innovation Award in China's Financial Leasing Industry Top 10 Enterprises in China's Financial Leasing Industry tatantin Top 10 Influential Brands in China's Financial Leasing Industry ·羅在雲情有限公司 最後上市霞(公司#22• Financial leasing: Rate of return maintained at a high level • The Company continues to optimize the structure of interest-earning assets to maintain higher net interest spread and net interest margin With extensive experiences and knowledge in industry, the Company continuously improves customer service capabilities and enriches service methods to achieve better asset structure and realize higher profit Net interest spread (NIS) Net interest margin (NIM) 2.9% 3.0% 2.8% 2.0% IIII 1.2% 2011 2012 2013 2014 2015 2016 4.4% 4.3% 4.5% 3.9% 3.8% 3.3% 3.5% 3.7% 3.8% 4.1% 3.2% 3.0% 3.1% 2.9% 2.6% 2.5% 2.3% 1.8% 2.0% 2.2% 2017 2018 2019 2020 2021 2022 1H Commercial banks 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 1H Notes: 1. The net interest spread data of commercial banks is the average of the data of Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, China Construction Bank and Bank of Communications from 2011 to 2021 2. The net interest margin data of commercial banks is the average of the data from 2011 to 2021 according to the statistics of the China Banking and Insurance Regulatory Commission, source: Wind 22 Commercial banks 2.4%#23Financial leasing: Establishes a comprehensive risk management system to strictly ensure asset security with prudence • Through a comprehensive decision-making and balance mechanism comprising front-end monitoring and handling, middle-office process control and back-end supervision and support, the Company achieves a closed-loop management of early warning and monitoring, on-site supervision, follow-up on abnormalities and non-performing handling • Combining the localized asset personnel distribution system covering the whole country with the early warning system for accurately predicting risks, over 200 asset management personnel from 10 regional centers can arrive on-site within 3 hours to act in response to emergencies Strong asset management network 10 Regional centers Nationwide coverage Sky network Apply IT means Ground network Acquire experience in Broad coverage & Intelligent computing high computation volume Expert experience asset management Analyze the nature Higher efficiency & controllable costs of risks Deduce & develop strategies 23 200+ personnel ready to quickly arrive on-site#24Financial leasing: Long-term asset quality remains sound and stable • • Asset quality of the Company has remained sound and stable for a long term, and is expected to stay stable with a slight decline in the future. The provision policy is prudent in the long term The Company's diversified, high-quality asset layout as well as comprehensive and effective risk management and asset management systems are the basis for the steady improvement of the Company's asset quality in the future 0.60% 0.73% NPL NPL Provision coverage ratio 246% 252% 237% 242% 236% 1.11% 1.10% 1.06% 1.06% 218% 214% 219% 219% 220% 212% 201% 0.97% 0.99% 0.96% 0.91% 0.91% 0.80% 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 1H 24 1H#25Horizon Construction Development#26Horizon Construction Development: A leading equipment operation service provider in China • Horizon Construction Development is a leading equipment operation service provider in China The equipment covers the full cycle of project construction and is suitable for numerous operating scenarios. The cumulative number of customers served has exceeded 120,000 - 322 service outlets covering nearly 200 cities across China, which is the largest in terms of both number of outlets and coverage - Significant variety of equipment and devices with leading service capabilities • Assets of approximately RMB29.3 billion, ranking top in domestic industry in terms of the equipment volume owned of aerial work platforms, neo-excavation support systems and neo-formwork systems Business overview of Horizon Construction Development Aerial work platform access Neo-excavation support system Neo-formwork system 50 全球第3 亚洲第1 114,000+ No. 1 in China 1,570,000+ tons No. 1 in China 570,000+ tons 26 Note: The above are all rankings of equipment volume#27Horizon Construction Development: Rapid growth in operating performance The CAGR of its revenue and net profit from 2018 were 47% and 53% respectively • Over the years, Horizon Construction Development continues to consolidate its leading industry position, and has significant competitive advantages in terms of equipment in use, network coverage and operating efficiency, with continuous growth in market share Revenue (RMB million) 6,141 Net profit (RMB million) 710 1,909 47% CAGR 47% 3,664 YOY 2,622 3,565 2,430 198 53% CAGR 380 493 17% YOY 287 246 2018 2019 2020 2021 2021 1H 2022 1H 2018 2019 2020 2021 2021 1H 2022 1H 27#28Horizon Construction Development: Huge room for future industry development • The industry is huge, with a market value expected to exceed RMB1.6 trillion in 2026 • At the same time, the market concentration is low. As the industry leader, Horizon Construction Development has seen huge opportunities and possibilities of market integration Market value of equipment leasing market in China (RMB'00 million) Equipment leasing market in China is highly fragmented, with huge room for integration Market share of Top 3 equipment operators Comparison of market capitalization (US$'00 million) 7,554 2020 14% CAGR 16,705 2026E 26.0% US Source: Frost & Sullivan, MOHURD, U.S. URI and Ashtead Annual Reports (2021) and Wind (Market value dated on 26 August 2022) 28 224 226 97.2 13.9 1.2% URI-United Rentals PRC 66.4 9.2 ASHTEAD ■Market value Revenue NP#29Horizon Healthcare#30Horizon Healthcare: A large private medical institution in China ⚫ Horizon Healthcare, a large private medical institution in China, owns 29 controlled subsidiary hospital with approximately 11,000 beds available, thus forming a nationwide hospital network covering East China, South China, North China, West China, Central China and other regions • • The Company deploys medical service in areas with less access to medical resources Adhering to the operation mode of "one system, one network, one hospital", Horizon Healthcare enhances operating efficiency through integrated management to create a unique model of medical services West China Central China Business overview of Horizon Health Northeast China South Chins East China 29 30 controlled subsidiary hospitals Total revenue in 1H 2022 RMB2.1 billion 11,000 beds available#31• Horizon Healthcare: Steady growth in operating performance From 2016 to 2021, the CAGR for revenue, revenue per bed and net profit of Horizon Healthcare were around 35%, 14% and 20% respectively Through integrated hospital management, Horizon Healthcare continues to enhance operational efficiency and recorded steady growth Revenue per bed (RMB'0000) 37 Net profit (RMB million) 143 121 91 CAGR %07 19 19 57 CAGR %VI Revenue (RMB million) 4,003 بالنسائية 1,987 2,067 19 CAGR 881 2016 2021 2021 1H 2022 1H 2016 2021 2021 1H 2022 1H 2016 2021 2021 1H 2022 1H 31#32• Consistent and stable dividend distribution since listing, creating excellent returns for shareholders Since its listing, the Company has maintained a dividend payout ratio of more than 25% every year to reward shareholders with a steadily growing dividend The ROE level remained stable, reaching an average of 14.4% from 2011 to 2021, continuing to create excellent returns for shareholders Dividend payout and dividend payout ratio 0.10 25% 0.23 40% 31% 0.42 31% 0.36 31% 27% 27% 0.33 27% 28% 26% 27% 0.30 0.30 0.23 0.23 0.23 0.23 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Dividend per share (HK$) 2021 -Dividend payout ratio 32 17 ROE (%) 15 14 15 15 14 15 14 13 13 13 14 Average 14.4% 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 1H#33ESG ratings ranked in the forefront among financial enterprises in China with a focus on sustainable development • • In August 2021, the ESG Committee was formally established under the Board of Directors to coordinate the continuous optimization of ESG affairs, and obtained high ratings in a number of ESG-related indicators The Company has maintained a leading position in the industry for many years, was recognized by domestic and foreign rating agencies and major ranking agencies, and was included in a number of Hang Seng and MSCI indexes ESG recognition Jumped to A-grade in 2022, MSCI ranking in the forefront of financial institutions in China MSCI ESG RATINGS Far East Horizon Limited (3360) Diversified Financials | HK Improvements in workforce management practices; robust business ethics controls CCC B BB BBB LAST UPDATE: February 23, 2022 AA AAA Green finance supports sustainable development Issued a number of green financial products, such as: China's first sustainable development bond of RMB150 million First green ABN exceeds RMB2 billion Market position Forbes GLOBAL 2000 WORLD'S LARGEST PUBLIC COMPANIES Forbes Global 2000 财富 FORTUNE Fortune 500 China 500 International rating STANDARD BBB- Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement. & POOR'S S&P Investment Rating WCDP First B-grade in 2021 FTSE4Good Selected for 5 consecutive years by the FTSE Social Responsibility Index Series 遠東宏信有限公司 CLEART FAR EAST HORIZON LIMITED (Incorporated in Hong Kong with limited liability) (Stock Code: 3360) VOLUNTARY ANNOUNCEMENT THE COMPANY COMPLETED THE ISSUANCE OF THE FIRST SUSTAINABILITY BONDS IN CHINA This announcement is made by Far East Horizon Limited (the "Company") on a voluntary basis. The board of directors (the "Board") of the Company is pleased to announce that the Company completed the issuance of RMB150 million sustainability bonds (the "Sustainability Bonds") on 18 November 2021, which is the first sustainability bonds and social bonds in China. The Sustainability Bonds issued by the Company is the first sustainability bonds and social bonds pilot issued by the National Association of Financial Market Institutional Investors in China. The funds raised by the Sustainability Bonds are intended to be used to support green projects and social responsibility projects such as sewage treatment, smart public transport, new energy vehicle procurement and healthcare and geriatric care, and to implement UN sustainable development goals such as climate action, health and well-being, and clean drinking water. Included in indexes A 恒生指數 HANG SENG INDEXES MSCI More than 20 indexes such as Hang Seng Composite Index and Hang Seng SCHK Index MSCI China Index, MSCI Emerging Markets Index, etc. 33#34EV obviously undervalued, showing great potentials for appreciation • The Company has maintained a ROE of around 14% for a long period of time. The share price of the Company as at • • • 26 August 2022 (HK$6.13) represented 0.52x 21A PB and 3.92x 21A PE, which is underestimated The average target price set by securities firms is around HK$12, reflecting an approximately 93% potential appreciation as compared to the share price (HK$6.13) as at 26 August 2022 Assuming the PB valuation of the Company remains unchanged, the annual ROE of over 14% can still offer an IRR of 14% for investors The values of equipment operation and hospital operation, which experienced rapid growth, have not yet been fully reflected in the market value of the Company ROE (%), 2021 P/B Great potentials for share price appreciation (HK$) 14.6 6.13 0.52x 2021 2022-8-26 34 =4 12.50 12.40 11.90 11.96 10.50 Closing price as at 26 August 2022 Target price stated in JPM April research report Target price stated in Citi July research report Target price report Target price Target price stated in DBS stated in UBS stated in GTJA October research August research April research report report Note: The above target prices are sourced from research reports of investment banks, and the average target price is calculated by the Company#35An excellent management team with its interests highly aligned with the interests of the Company • • The management team possesses industry-leading expertise and vision, and extensive management experience and capabilities, and establishes a market-oriented incentive system The management team members are important shareholders of the Company, with their interests highly aligned with the interests of the Company "Core management team + market-based incentive system" leads the Company to evolve and develop Core management team of the Company Be Old Far East Recorded book loss Suspended operation for almost 4 years Vice Chairman of the Board Chief Executive Officer KONG Fanxing Executive Director Chief Financial Officer WANG Mingzhe The management team members are important shareholders of the Company 1991-2000 Other shareholders, 80% 35 55 Management team, 20% New Far East Profitability: No.1 Asset size: TOP 5 Fortune China 500 for 7 consecutive years 2001 until present#36Our contact Far East Horizon http://www.fehorizon.com/ [email protected] Horizon Construction Development 宏信建发 http://www.hongxinjianfa.com/ 36 Horizon Health 宏信健康