Corporate Development of Far East International Leasing Co., Ltd.

Far East Horizon Co., Ltd. is the listed company of Far East International Leasing Co., Ltd. in Hong Kong. Far East Horizon Co., Ltd. (HK, 03360) is a core member of Sinochem Group. Since its establishment, the company has gradually developed from a single financial leasing service provider into a comprehensive industrial operation service organization based in China, looking at the world, and committed to promoting the sustainable development of the national economy and society.

After years of development, Far East Leasing has established offices in Beijing, Shenyang, Jinan, Zhengzhou, Wuhan, Chengdu, Changsha, Shenzhen, Chongqing, Xi'an, Harbin, Xiamen and other central cities, forming a It has established a business layout and service system based in central cities and radiating to the national market. There are currently more than 1,200 employees, more than 57% of whom have master's degrees, and more than 160 have MBAs.

In September 2009, with the investment of three internationally renowned strategic investment institutions, Kohlberg Kravis Roberts & Co. (KKR), Government of Singapore Investment Corporation Limited (GIC SI) and China International Capital Corporation Limited (CICC) By investing in the company, Far East Horizon has entered a strategic development stage of globalizing resources and localizing operations.

On March 30, 2011, Far East Horizon officially landed on the Hong Kong Stock Exchange and became China’s first listed financial leasing company. This not only improves the company's capital strength, but also further consolidates Far East's leading industry position. It has now been selected as a component stock of the Hang Seng Index Chinese Enterprises Index.

Development time

1991-2001: Difficulties and hard work

In 1991, as the predecessor of Far East Horizon Co., Ltd., Far East International Leasing Co., Ltd. The Ministry of Foreign Trade and Economic Cooperation of China approved its formal establishment with a registered capital of US$10 million.

In the following ten years, Far East Leasing, as one of the pioneers in China's leasing industry, launched its initial exploration in the field of financial leasing.

2001-2009: Hard work and rebirth

In 2001, Far East Leasing officially moved south to Shanghai and moved into Jinmao Tower, starting a new development in the history of Far East. One page. In the eight years from 2001 to 2009, Far East People relied on hard work and innovation to create its own development path and established its leading position in China's financial leasing industry.

In August 2001,

Far East Leasing ushered in its first business after moving south - the Tangshan Traditional Chinese Medicine Hospital Signa 1.5T magnetic resonance system financial leasing project.

In September, the Quality Control Department was formally established, marking the construction of Far East’s quality control system entering a substantial stage.

2002

In February, Sinochem Group Far East increased its capital by US$5 million, injecting new vitality into Far East's competition in the same industry. In the same year, Far East Leasing made gains in the fields of medical care, education, aviation and other fields.

In 2003

Far East Leasing established the Medical System Division, clarifying its development ideas for the medical field as a key target market.

In November, the Fuling Port ship project was signed, and the Far East has its first cargo ship of its own.

In 2004

Sinochem Group increased its capital to Far East for the second time, amounting to US$38 million. So far, Far East's registered capital has reached US$60.47 million.

In August, Far East Leasing accepted and successfully passed the ISO on-site audit by the ISO9001 quality system certification team appointed by the British Standards Institute (BSI), and officially obtained the ISO9001 quality system certification certificate issued by BSI. As a leasing company, it is the first in China's leasing industry to obtain ISO quality system certification.

In the same month, Far East Leasing won the title of Outstanding Collective of Central Enterprises.

In October 2005, Far East Leasing established its first office in Changsha, starting a new era of nationwide distribution.

In December, the Printing System Division was established to clearly expand the printing field as a key target market.

In February 2006, the Shenyang office was established.

In May, asset securitization products were listed on the Shanghai Stock Exchange; in the same month, the multi-functional platform "Donghong Industrial" wholly owned by Far East Leasing officially opened, which means Far East Leasing's business beyond financial leasing Exploration has entered a substantive stage.

In October, the "Far East University Student Aid Alliance" charity donation activity was launched, establishing a good brand image in the industry; in the same month, the Shenzhen office was established.

In March 2007,

Far East Leasing was rated as one of the top 40 enterprises with outstanding contributions to the economic development of Shanghai Lujiazui Financial and Trade Zone in 2006 by the Shanghai Pudong New Area Lujiazui Management Committee.

In August, Far East Leasing was the first private equity financing product issued to the high-end personal financial investment market to raise funds in the first phase of the company account.

In September, the Beijing office of Far East International Leasing Co., Ltd. was officially established.

In December, the Shipping Systems Division, Construction Systems Division and Business Development Department were established, which means that Far East Leasing’s in-depth expansion in shipping, construction and other fields is fully launched.

In January 2008, Far East Leasing participated in the "Entering 2008, Approaching the Olympics and Paralympics" - "Youth and the Olympics" themed report conference and Paralympic Games held in Beijing. The launch of the Austrian Youth Publicity and Education Manual established a good brand image and increased visibility.

In February, Far East Leasing Jinan Office was officially established.

In March, Far East Leasing Wuhan Office was officially established.

In June, the "Signing Ceremony for the 1,000th Order of the Printing System Division" was held, which became a milestone event in Far East Leasing's business expansion in the printing field.

In June, the Education System Division and the Industrial Equipment Division were established. At this point, the in-depth expansion of Far East Leasing's six major divisions has initially taken shape.

In December, Far East Leasing’s Chengdu office officially opened, which means that Far East Leasing’s service network system based in key cities and oriented to the national market has been initially established.

2009

In May, the first stop of "Operation Vanguard" of the Medical System Division was held at Dalian Gloria Hotel. "Operation Vanguard" aims to build the image of the project manager as a financial consultant, thereby driving the in-depth expansion of the leasing business through consultative sales.

In June, the company officially signed a 3.8 billion syndicated loan contract from China Development Bank. This is a major breakthrough for Far East Leasing in obtaining funds through syndicated loans.

2009.09 to present: Carrying forward the past and creating greater glories

In September 2009, with the completion of strategic capital injections from KKR, GIC SI and CICC, Far East Horizon Co., Ltd. was officially established and became Promote the strategic platform of "industrial comprehensive operation services". Far East International Leasing Co., Ltd. will continue to exist as a subsidiary and business operation platform of Far East Horizon.

The establishment of Far East Horizon also means the full implementation of the "Industrial Comprehensive Operation Services" strategy. Far East Horizon will become an industry "based on China, looking at the world, and committed to promoting the sustainable development of the national economy and society." "Integrated Operation Service Organization" is moving forward in an all-round way.