On November 27, 2017, Baoding Jishilianying Venture Capital Fund Center (Limited Partnership) (hereafter referred to as Jishilianying) formally completed the establishment and obtained the business license issued by the business sector, marking the Group taking a solid step for diversified investment.

Jishilianying is the third phase of "Jishi Fund" for rail transit series industrial fund – jointly initiated and established by Beijing Infrastructure Investment Co., Ltd. ("BII company"), Beijing Infrastructure Investment Development Co., Ltd. ("BII Development"), BII Technology Development Co., Ltd. (BII-TDBJ), Beijing Zhongguancun Collaborative Innovation Investment Fund (Limited Partnership) ("Zhongguancun Co-Fund"), Beijing Fufeng Investment Co., Ltd. ("Fufeng Investment"), Jishi International Financial Leasing Co., Ltd. ("Jishi") and Beijing Jiuzhouyigui Vibration Isolation Technology Co., Ltd. (hereafter referred to as “Jiuzhouyigui”), with a total investment of RMB 313 million. It mainly invests in the equity of the rail transit and related industries and focuses on the growth of target industries such as information technology, energy conservation and environmental protection, and advanced equipment manufacturing and other growth-type enterprises.

Participation in the establishment and investment of Jishilianying is conducive to the Group to better grasp the rapid development of China's rail transit related industries opportunities in the development of rail transit science and technology sector, while establishing a diversified investment pattern and enhancing their own strength, and seek common development with major shareholders and brother enterprises.