May 27, 2018 2:47 PM ET

Capital Markets

Company Overview of China Huarong Asset Management Co., Ltd.

Company Overview

China Huarong Asset Management Co., Ltd., together with its subsidiaries, provides various financial asset management services. It operates through three segments: Distressed Asset Management, Financial Services, and Asset Management and Investment. The company manages, invests in, and disposes financial and non-financial institution distressed assets, including debt-to-equity swap assets. It is also involved in the bankruptcy management, and investment and securities dealing activities; provision of financial bonds issuance, inter-bank borrowing and lending, and commercial financing services for other financial institutions; asset securitization, financial institutions custody, and closing ...

No. 8, Financial Street

Xicheng District

Beijing,  100033

China

Founded in 1999

12,520 Employees

Phone:

86 10 5961 9088

Fax:

86 10 5961 8000

Key Executives for China Huarong Asset Management Co., Ltd.

China Huarong Asset Management Co., Ltd. does not have any Key Executives recorded.

China Huarong Asset Management Co., Ltd. Key Developments

China Huarong Asset Management Co., Ltd. Announces Board Changes

China Huarong Asset Management Co., Ltd. considered and approved at the Board meeting held on 11 May 2018, the nominations of Mr. Wang Zhanfeng and Ms. Li Xin, each as an executive Director. Their appointments shall become effective upon the consideration and approval by the general meeting of the shareholders of the Company and upon approval by the China Banking and Insurance Regulatory Commission (the "CBIRC") of their directorship qualifications (whichever is later), and each of them shall hold office until the election of the next session of the Board. A circular containing, among other things, details of the proposed appointments, together with the notice of the extraordinary general meeting of the shareholders of the company, will be dispatched to the shareholders of the company in due course. The Board has appointed Ms. Li as the president of the Company at the Board Meeting. Her term of office shall take effect from the date of approval by the CBIRC until the next reappointment or change of appointment is made by the Board. Ms. Li shall perform the duties of the president of the company from 11 May 2018. The Board has elected Ms. Wang Cong, a non-executive director of the Company at the Board Meeting, to perform the duties of the Chairman and the chairman of the Strategy and Development Committee of the Board until the appointment of the new Chairman and the related qualification approval of new Chairman by the CBIRC. At the same time, according to the relevant provisions of the articles of association of the Company, Ms. Wang Cong will also perform the functions of the legal representative of the company during the period of acting as the Chairman. Please refer to the 2017 annual report of the Company dated 25 April 2018 for the biographical details of Ms. Wang Cong, which remained unchanged as at the date of this announcement.

China Huarong Asset Management Co., Ltd., Board Meeting, May 11, 2018

China Huarong Asset Management Co., Ltd., Board Meeting, May 11, 2018. Agenda: To propose executive changes.

China Huarong Asset Management Co., Ltd. Announces Management Changes

Huarong International Financial Holdings Limited has been notified that on 17 April 2018, Mr. LAI Xiaomin, the Chairman of China Huarong Asset Management Co., Ltd. has tendered resignation as the Chairman and executive director of China Huarong, and that he has confirmed to China Huarong that there is no matter relating to his resignation that needs to be brought to the attention of the shareholders of China Huarong; and subject to China Huarong's relevant necessary corporate governance procedures, China Huarong proposes to nominate Mr. WANG Zhanfeng as its executive director and Chairman, and Ms. LI Xin as its executive director and president of China Huarong.

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