21 November 2019, China Everbright Limited (“Everbright”, stock code: 165.HK) and China Construction Bank Shanghai Branch (“CCB Shanghai”) held an agreement signing ceremony of strategic collaboration in Shanghai. Kevin So, Chief Strategy Officer of Everbright, and Xu Zhonghua, Deputy President of CCB Shanghai, signed the agreement on behalf of both companies.

Representatives from both parties sign collaboration agreement

From the front left: Kevin So, Chief Strategy Officer of Everbright and Xu Zhonghua, Deputy President of CCB Shanghai

From the back left: Jiangang Shi, Vice President of Everbright Mezzanine Fund; Winnie Liu, Deputy Chief Executive Officer and Chief Commercial Officer; Wang Qi, General Manager, Terminus Shanghai Branch; Zhang Ye, Managing Director, Everbright Fund of Funds;  Zheng Fan, Managing Director, Everbright Corporate Client Services; Wang Hai, Managing Director, Everbright Asset Management Department; Tu Qun, Senior Deputy Manager and General Manager, Peers Business Department, CCB Shanghai; Yu Feng, General Manager, Investment Banking Department, CCB Shanghai; Gu Feifei, Head of Branch, Minhang Branch, CCB Shanghai; Huang Xiaozhang, Executive Deputy General Manager, Corporate Business Department and General Manager, Strategic Client Department, CCB Shanghai; Zeng Xuemei, Deputy General Manager, International Business Department, CCB Shanghai; and Wang Junlei, Head of Branch, CCB Shanghai Pilot Free Trade Zone

Both parties have maintained a positive business relationship in areas such as cross-border investment and financing, merger and acquisition loans, as well as secondary market investment consultation. Based on this foundation, the parties are willing to strengthen their collaboration in the businesses of commercial banking services, investment and financing consultation, investments and loans, mutual private equity investment funds, selling funds, city revamp and reconstruction, and the disposal of non-performing assets. CCB Shanghai will also kick off business interactions in a number of areas, including but not limited to fintech, apartment leasing, aircraft leasing as well as elderly care, with the member companies of Everbright and its core investee companies.

As one of the biggest commercial banks, CCB Shanghai and Everbright are strategically collaborating, with a particular focus on the equity investment sector. Investment institutions have been generally facing difficulties in the tightening of fundraising and investments amid the current period of adjustments being made in Mainland China’s equity investment industry. The collaboration is indicative of the commercial banking system’s recognition of Everbright’s investment capability.

Kevin So, Chief Strategy Officer of Everbright, and Xu Zhonghua, Deputy President of CCB Shanghai, have a business meeting before the agreement signing ceremony

Following the announcement of Everbright’s “One, Four, Three” strategy in October by Mr. Zhao Wei, Executive Director and CEO of Everbright, Everbright will fully develop its unique edges of alternative asset management, actively invest in industries and consolidate its competitive resources in order to mutually develop with partners. Everbright expressed that it cares greatly about the mutual growth of investee companies and partners, and intends to provide the best returns to partners as usual.

Representatives from the Everbright Healthcare Fund, Fund-of-Funds, New Energy Fund, Mezzanine Fund, Asset Management Department, Corporate Client Services Department, CALC and Terminus, as well as representatives from CCB Shanghai’s Corporate Business Department, Peers Business Department, Investment Banking Department, International Business Department, Minhang Branch and Pilot Free Trade Zone Branch, attended the agreement signing ceremony.