"Far Eastern Premier" listed in Shanghai Stockexchange

Sinochem continued to hold the leading position in China’s financial leasing industry. Recently, Sinochem’s International Far Eastern Leasing Co. Ltd (or Far Eastern Leasing) strengthened its multi-operational capabilities in terms of medication and printing business. Far Eastern Leasing transfers its single financial leasing in the past into multiple financing and leasing services. At the same time, Far Eastern Leasing also greatly improves its professional operational ability in terms of watercraft, industrial equipment, construction machine and higher education. The total clients have covered every province of China except Tibet, Hong Kong, Macao and Taiwan.

While expanding its business scales, Far Eastern Leasing continues to improve risk management systems. It is the first Chinese leasing company to establish “Electronic Quality Monitoring System”, “Client Relationship Management System” and “Internal Banking System” to ensure the quality and security. Far Eastern Leasing further enhances its business ties with commercial banks, investment banks and other related financial institutions, incessantly explores new financial leasing business patterns which are consistent with China’s circumstances, and augments the capability of organizing financial resources. In May, 2006, China’s first leasing asset securitization product initiated by Far Eastern Leasing, the Beneficiary Certificate of “Far Eastern Leasing’s First Special Asset Management Project of Leasing Asset Supported Equity” was listed on Shanghai Stock Exchange, which realized the connection between China’s 20-year-long financial leasing industry and capital market. This product has been widely recognized by investors.