China Commercial Credit

China Commercial Credit, Inc., through its subsidiaries and certain contractual arrangements, controls a microcredit company

China Commercial Credit, Inc., through its subsidiaries and certain contractual arrangements, controls a microcredit company, Wujiang Luxiang, that provides direct loans and loan guarantee services to small-to-medium sized businesses (“SMEs”), farmers and individuals in the city of Wujiang. The loans and services that they offer bridge the gap between Chinese state-owned and commercial banks that have not traditionally served the capital needs of SMEs and higher interest rate “underground” lenders. They offer loans to meet borrowing needs with fixed interest rates.