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Successful Signing of Contract on Lianyungang Life Health Industry Fund

    On the morning of January 19, Cao Weidong, member of the Standing Committee of the Municipal Party Committee and Secretary of the Party Working Committee of the Development Area, met with representatives of Nanjing Dynamic Balance Investment & Management Co., Ltd. (hereinafter referred to as “Nanjing Dynamic Balance”). Then, they talked about cooperative matters on the Fund and successfully signed Lianyungang Life Health Industry Fund Cooperation Agreement. Zhang Rukai, the leader of the Administration Committee of the Development Area with specific duties, Tian Yihua, the Head of the Financial Bureau of the Area, Li Surong, the Deputy Director of the Investment and Financing Promotion Office of the Area, and Zong Wei, the General Manager of NewHeadLine Group and NewHeadChine Group accompanied them at this meeting.

    According to the cooperation agreement, NewHeadChine Group, acting as the main investor, will jointly found Lianyungang Life Health Industry Fund with Nanjing Dynamic Balance and the whole scale of the Fund is RMB 2 billion. The Fund, based on principles of “government guidance, marketization operation and professional management”, mainly focuses on investment in medicine, medical devices, health care products, marine organisms and other types of life health industry. Once the Fund is founded, it will promote development of the life health industry via investment to introduce high-quality industries into the Area and to develop promising industries in the Development Area.

    It was reported that, Nanjing Dynamic Balance is an investment management company under Nanjing Jiangning Scientific and Technological Venture Investment Group, which is directly subordinated to the People’s Government of Jiangning District, Nanjing. It owns rich experience in investment management in terms of government industry fund and has attracted multiple projects for Jiangning Park. This fund cooperation with Nanjing Dynamic Balance is a bold trial of NewHeadChine Group in “levering investment attraction relying on finance and boosting industry relying on investment” and has considerable significance for attraction of life health industry projects and the industrial system cultivation in the Development Area.

                                                                                                                               (Zhou Zhengyang, Zhang Zuoqing)