Introduction to the Shandong Branch of Dagong Global Credit Rating Co., Ltd.

The Shandong Branch of Dagong Global Credit Rating Co., ltd. (“Dagong Shandong Branch”) is a rating company specialized in credit evaluation for securities, commercial & industrial enterprises and financial organizations. With the largest scale and effectiveness nationwide, its head office is the only one national credit rating institution approved by both the People’s Bank of China and the previous State Economic and Trade Commission.

Dagong Global found its Shandong Representative Office primarily in 2002 and formally established the Dagong Shandong Branch in 2005. Since Dagong started its earliest credit ideology spread and crediting rating business in Shandong, it has successively provided rating services for enterprise bonds and credit to companies including YanZhou Mineral Coproration, Nanshan Industrial Co., ltd., Longshan Minerals, Qingdao Petro-Chemical, Qingdao Soda Ash Industrial Co., ltd., Jiufa Edible Mushroom Co., ltd.. On March 31st, 1998, Dagong’s credit rating report was referred in the IPO prospectus of Yanzhou Coal Mining Co., ltd. that successfully listed in NYSE, it is the first time that a Chinese credit rating agency participated in the international capital market.

At the same time, Dagong also provided credit evaluation services for bank loan projects valued over 6 billion yuan to companies including Shandong Lineng Power Plant, Luneng Heze Coal & Electricity, Yanzhou Mineral Group for coal mining technology reform, Nanshan Group, Rizhao SSYMB Pulp & Paper Co., ltd., Bohui Paper, Yanzhou Tianzhang Paper, Yuwang Industrial & Commerical Co., ltd., Weida Machinery Co., ltd., Yantai Zhenghai Group, Kartex Textile, etc.

In November, 2004, Dagong won the best position at the bidding conference of pilot credit rating agencies for borrowing enterprises held at Jinan Branch of the People’s Bank of China, and completed over 20 firms’ credit rating projects within that year, which helped establish a consolidated base for borrowing enterprises credit rating extended in Shandong.

The Rating technologies applied by Dagong Shandong Branch are rooted from both the “Dagong Credit Rating Methods”-- the first rating methods developed by Dagong with state-owned intellectual property rights, meeting the international standards and adaptive to the actual conditions in China, and the credit risk rating system formed subsequently. In accordance with the practical credit market conditions in Shandong province, our company is now working and doing research for many enterprise credit rating projects with Dagong Postdoctoral Scientific Research Center -- the first postdoctoral center in the Chinese credit rating history, where the Nobel Prize winner and “Father of the Euro” Prof. Robert· Mundell is invited as the honorary tutor.

Dagong Shandong Branch has access to a full range of credit information data in the Dagong Rating Database from over 320 billion yuan of bond credit rating, more than 110 billion yuan of bank loan credit rating and nearly 3,000 enterprises credit rating business covering 70 industries in 29 provinces, autonomous cities and regions. Besides, Dagong Shandong Branch is also supported with large referable resource accumulated from the continuous rating business by Dagong branches in Shanghai, Shenzhen, Zhejiang, Shanxi, etc.

The excellent analysts team of Dagong is the most sizable in the credit rating industry, key members in the Shandong Branch team are veterans with years of experience in various credit projects rating and evaluation. The Dagong Expert Committee is composed of well-known experts in economics, finance and related fields in China, with academic specialties covering all the industries.

Located in Shandong province – one of the most economically developed regions in China, based on the technology and resource advantages of Dagong, Dagong Shandong Branch is willing to cooperate hand-in-hand with all walks of life to contribute itself to the credit system construction with strong efforts and integrity.

Post Address: 7/F, No. 89 Jingsan Road, Jinan, Shandong (Jinan Office of Huarong Asset Management Co., ltd.).

Zip Code: 250001

Tel: 0531-6050531

Fax: 0531-6057170