On 17 January 2014, CIH Finance Investments Holdings Limited entered into the JV Documentation with Guangdong Tech-Finance, Guangdong Qunxing and Centenio Group Co., Ltd. for the establishment of the JV company to engage in finance leasing business in Guangdong, the PRC. The initial registered capital of the JV Company will be RMB 620,000,000 and it will be contributed as to 35% by Guangdong Tech-Finance, 25% by CIH Finance, 20% by Guangdong Qunxing and 20% by Centenio Group Company. As the relevant percentage ratios in respect of the capital contribution of CIH Finance in the JV company exceed 25% but are less than 100%, the JV Formation constitutes a major transaction for the Company under Chapter 14 of the Listing Rules and is subject to the reporting, announcement and shareholders' approval requirements under the Listing Rules.

The scope of business of JV company is finance leasing business, leasing business, purchase of lease property from the PRC and overseas, handling and maintenance of lease property, related advisory and guarantee services, and other businesses approved by competent authorities. The board of the JV Company will consist of 5 directors, 2 of which shall be nominated by Guangdong Tech-Finance, and CIH Finance, Guangdong Qunxing and Centenio Group Company shall each nominate 1 director. Except with the unanimous approval of the board of the JV Company, no party to the JV Documentation shall commence any business in the PRC, which directly or indirectly competes with the business of the JV Company or establish any entity in the PRC, which directly or indirectly competes with the JV company.