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FC International Finance Secures Type 6 Licence Regulated Activity from SFC
Further develops ‘Education Investment Plus Financial Services’ Integrated Operation Platform with Diversified Financial Business

2016.10.26

First Capital International Finance Limited (“FC International Finance”), a wholly-owned subsidiary of China First Capital Group Limited (“CFCG” or the “Group”; stock code: 1269), has been approved by the Securities & Futures Commission of Hong Kong (“SFC”) for a license to perform Type 6 regulated activity (advising on corporate finance) and provide financial advisory services on issues relating to the “Codes on Takeovers and Mergers and Shares Repurchases” (“Takeovers Code”) in Hong Kong under Chapter 571 of the Securities and Futures Ordinance of the Hong Kong Special Administrative Region of the People's Republic of China (“Hong Kong”) on 25 October 2016. FC International Finance aims to expand into businesses in relation to acquisitions, mergers and acquisitions (“M&A”) and financial advisory services to further diversify CFCG’s financial business.

Incorporated in Hong Kong in February 2016, FC International Finance is composed of two divisions, namely the M&A division and the investment banking division. These divisions, which mainly involve providing financial advisory services on projects and/ or transactions related to Hong Kong Listing Rules and Takeovers Code, include financing consultancy and bridging, M&A agency and financial advisory, general project financial advisory or independent financial advisory services.

FC International Finance is the third SFC-licensed corporation under CFCG in Hong Kong permitted to engage in regulated activities. Previously, First Capital Asset Management Limited secured a licence for Type 1, 4 and 9 regulated activities (dealing in securities, advising on securities and assets management respectively) from the SFC in October 2014, whereby it can provide asset management services including managing investments on a discretionary basis, buying funds for clients and partnering to launch funds. More recently, First Capital Securities Limited secured a licence for Type 1 (dealing in securities) regulated activity in November 2015 allowing it to engage in underwriting and placing of securities and providing trading and brokerage services. These two companies plus First Capital Fund Management Company Limited which was incorporated in China in 2012 have built a comprehensive and diversified financial business portfolio for CFCG. First Capital Fund Management Company Limited mainly operates the private equity fund and investment management consultancy businesses such as the private equity investment, private securities investment and venture investment businesses. Through these corporations, the Group can provide one-stop investment, financing and related value-added services addressing the financial needs of the domestic mass-retail and overseas high-end customers along with institutional customers.

Dr. Wilson Sea, Chairman of the Board and Executive Director of CFCG, said, “Securing the licence for Type 6 regulated activity marks a major milestone for the development of the Group. Apart from providing professional financial advisory services to customers, FC International Finance can complement all aspects of the Group’s funds, securities and asset management businesses, thereby strongly bolstering its investment across the entire education industry chain. The Group continues to accelerate the development of the ‘Education Investment Plus Financial Services’ integrated operation platform as it strives to build CFCG into an international brand which offers quality education resources to students in China and around the world while generating fruitful returns on the investment of its shareholders.”