The fund raising for “TTGG-Cornerstone Investment No. 1 Asset Management Plan” (hereinafter referred to as “The Asset Management Plan”) initiated by Zhejiang Silicon Paradise Asset Management Group Co, Ltd. has been finished successfully. According to the capital verification done by Zhejiang Yaoxin Certified Public Accountants Co., Ltd., the total amount raised by the Asset Management Plan during the initial selling period was RMB 50.00 million Yuan. The above fund was transferred to the Asset Management Plan’s escrow account on May 24, 2016.
The Asset Management Plan was officially set up on May 24, 2016. The term of the Asset Management Plan also started that day.
The Asset Management Plan has Zhejiang Silicon Paradise Asset Management Group Co., Ltd. as its Asset Manager. The custodian is Zhejiang Branch of China Construction Bank.
Zhejiang Silicon Paradise Asset Management Group Co., Ltd.
May 30, 2016