• 2008 June 01

Company Description

CITIC Private Equity Funds Management Co., Ltd. (or “CITIC PE”), the strategic onshore private equity platform of CITIC Group and CITIC

CITIC Private Equity Funds Management Co., Ltd. (or “CITIC PE”), the strategic onshore private equity platform of CITIC Group and CITIC Securities, was officially established in June 2008 with approval from the National Development and Reform Committee of PRC. CITIC PE currently manages four funds, namely CITIC Private Equity Fund I (Mianyang Fund) (the first RMB fund) with final close at RMB9.363 billion; CPEChina Fund, L.P. (USD fund) with total fund size of USD990 million; CITIC Private Equity Fund III (the second RMB denominated private equity fund), targeting at RMB10 billion; and CITIC Mezzanine Fund I (RMB denominated mezzanine fund), targeting at RMB5 billion.