Yafo Capital Reaches a Strategic Partnership with Xixian Capital in Fund Management

On November 30, 2017，Yafo Capital reached a strategic partnership with Xixian Financial Holdings, a wholly owned subsidiary of Xixian New Area, China's seventh State-level development district , to invest and bring global technologies to China. Yafo Capital and Xixian Capital agreed to set up an investment fund of 5 billion RMB, with a first phase of 1 billion RMB, that will focus on healthcare, green-tech, food and agro tech, TMT, advanced manufacturing and other sectors. The fund will invest in foreign enterprises in the above sectors, aiming to bring global products and/or technologies to China in order to penetrate the Chinese market.

About Xixian Capital and Yafo Capital:

Xixian Financial HoldingsEstablished in November 2012, Shaanxi Xixian Financial Holding Group Co., Ltd. (“Xixian Financial Holdings”) is a state-owned enterprise jointly invested by Xixian New Area Administrative Committee and Shaanxi Xixian New Area Development Group Co., Ltd. with a registered capital of RMB 2 billion. The main business scope of Xixian Financial Holdings includes: project investment and management, assets management and risk investment, asset restructuring and merger and acquisition, financial management and financial consulting, investment, development and operation on key industries, and exploitation and operation of infrastructure and land. Since its inception, Xixian Financial has successively established or jointly established various financial-related businesses, including commercial banks, internet financial asset trading centers, commodity trading centers, public resource trading centers, etc.

Yafo Capital:Shanghai Yafo Capital Asset Management Co., Ltd (Yafo Capital) is a boutique fund management and investment banking firm, headquartered in Shanghai with offices in Guangdong and Beijing in the PRC, Tel Aviv and Irvine in California. Yafo Capital specializes in cross-border private equity and M&A transactions with a focus on high-tech sectors. Yafo Capital has built a solid reputation as the "Go-to platform" for many global high-tech companies to connect with Chinese strategic partners and investors; and vice versa.

YAFO Capital and Xixian New Area Jincong Capital Reach Strategic Cooperation in Fund Business

In November 2017, YAFO Capital and Xixian New Area Jincong Capital signed a strategic cooperation agreement to jointly focus on the investment and introduction of overseas high-tech projects. The cooperation includes jointly initiating and establishing industry funds and creating cross-border investment service platforms to assist China in technology introduction and industrial upgrading, in response to the "Belt and Road" national strategy.

YAFO Capital and Xixian Jincong plan to jointly initiate a technology industry fund with a total scale of 5 billion yuan, with the first phase being 1 billion yuan. The main investment directions of the fund include medical technology, clean energy, agriculture, advanced manufacturing, and TMT industries. Both parties will fully leverage their respective location advantages, business advantages, and resource advantages, seeking new business cooperation models to bring more international, high-tech enterprises to settle in Xixian New Area for the western region.

Moreover, taking advantage of YAFO Capital's cross-border business expertise and Xixian New Area's resource advantages, the two parties plan to jointly build a cross-border investment service platform based in Xixian New Area, targeting international markets, attracting international enterprises to settle in Xixian New Area, and supporting the economic construction of Xixian New Area.

Introduction of the signing parties of the strategic cooperation agreement:

Xixian New Area Jincong Capital Asset Management Co., Ltd. (referred to as "Jincong Capital") was wholly established by Shaanxi Xixian Financial Holding Group (referred to as "Xixian Jincong"), a capital operation platform of Xixian New Area. It is a private fund management company focused on initiating, establishing, and managing various investment funds, conducting investment and financing activities with its own funds and entrusted assets, and providing asset management and consulting services. Xixian Jincong was established in 2012 with a registered capital of 2 billion yuan and is a state-owned enterprise jointly funded by the Xixian New Area Administrative Committee and Shaanxi Xixian New Area Development Group Co., Ltd. (with total assets exceeding 100 billion yuan).

Shanghai YAFO Asset Management Co., Ltd. (referred to as "YAFO Capital") is a new type of investment and financial service institution dedicated to investing in domestic quality projects and overseas high-tech projects (Israel, the United States, Germany, Switzerland, etc.), financing, overseas mergers and acquisitions, and the introduction and strategic cooperation of overseas technology in China. Headquartered in Shanghai, it has branches in Foshan, Beijing, Tel Aviv (Israel), Lausanne (Switzerland), and Los Angeles (USA).