01.Far East Horizon Convened Its 2022 Annual General Meeting in Hong Kong

On June 8, the 2022 Annual General Meeting of Far East Horizon Limited (03360.HK) was successfully convened at The Ritz-Carlton, Hong Kong. The meeting was hosted by Mr. Kong Fanxing—Vice Chairman, Executive Director and CEO of Far East Horizon, and attended by Mr. Wang Mingzhe—Executive Director and CFO of the Company. At the meeting, the shareholders voted on resolutions one by one, and all resolutions were passed. The attendance of the Company’s leadership at the annual general meeting in Hong Kong (which is the first time since the outbreak of COVID-19 in 2019) shows that Far East Horizon highly values Hong Kong’s capital market and its shareholders.
 

02.Horizon Construction Development Rose to 14th in IRN100! Another Record High!  

Recently, KHL Group, the internationally renowned industry evaluation institute, released the IRN100 2022 list (“IRN100”) to the world. According to the list, the ranking of Shanghai Horizon Construction Development Co., Ltd. (a comprehensive equipment operating service provider under Far East Horizon) hits a new high—14th in the world from 24th last year, and remains 1st in China! Since 2018, Horizon Construction Development has made it to the list for 5 consecutive years, while remaining the No.1 in the industry in China. This year, it even entered the global Top15 list for the first time. The improvement in ranking over the years has to do with the good momentum of Horizon Construction Development’s high-speed development. Nowadays, Horizon Construction Development has established a pluralistic and stable clientele of high quantity, to guarantee the Company’s steady operation and sustainable development.
 

03.Horizon Construction Development Won Bid to South Guilin Road and Cihuhe Amusement Park construction project of Huangshi, Hubei Province
 

On June 10, Shanghai Horizon Construction Development Co., Ltd. and CCCC Second Harbor Engineering Company Ltd. jointly won the bid to the South Guilin Road and Cihuhe Amusement Park construction project of Huangshi City, Hubei Province. The project has an estimated total investment of about 800 million yuan and a cooperation term of 5 years. In line with the EOD (Ecology-Oriented Development) model, the general contractor (investor) + resource levelling (mineral resources) model combines urban renewal with ecological resources in an organic manner.  Horizon Construction Development adheres to the “finance + industry” development concept and insists on the QHSE management system, to provide guarantee for project construction and strive for quality engineering. 
 

04.Horizon Construction Development Reached Strategic Cooperation with Guangzhou Pearl River Sports Culture

On June 17, General Manager Zhang Pan of Horizon Construction Development led a team to visit Guangzhou Pearl River Sports Culture Development Co., Ltd. (“Pearl River Sports Culture”), and met with Li Chaozuo, Chairman of the Board of Pearl River Sports Culture. At the meeting, both parties conducted in-depth discussion and exchange and signed a strategic cooperation agreement. Pearl River Sports Culture is a wholly-owned subsidiary of Pearl River Enterprises Group, and the only professional venue operator in China that has served Provincial Games, National Games, Asian Games and international sporting events. Horizon Construction Development expressed willingness to explore the “investment + operation” mode together with Pearl River Sports Culture, to exploit their complementary advantages in technology, capital, resources, construction and operation management, and offer broader space for all-round and in-depth strategic cooperation between both parties. 

05.Grand Flight Investment Won Multiple Prestigious Awards of the Industry

Recently, CVINFO released its 2021 annual list based on data of institutional investors between January 1 and December 31, 2021. This time, Grand Flight Investment won honors including “CVINFO 2021 Top 100 Venture Capital Institutions of China” and “CVINFO 2021 Top 10 Investment Cases in China’s Carbon Neutral Industry—Hyper Strong.

On June 22, 36KR released its 2022 List of Investors/Institutional Investors Most Popular with Entrepreneurs after investigating their performance and strength from the four dimensions of fundraising, investment, management and exit from 2018 to 2021 (3+1). And Grand Flight Investment was included in the top 50 institutional investors most popular with entrepreneurs. 
 

06.Grand Flight Investment Invested in Changjin Bio, a Microbial Protein Synthesis Enterprise

Recently, the microbial protein synthesis enterprise Changjin Bio reaped RMB 140 million in a Series A financing. The investment was led by Bits x Bites, and followed by Grand Flight Investment, GL Ventures, Sherpa Venture Capital, Country Garden Venture Capital and Eight Roads Ventures. 
Grand Flight Investment has raised about 1.5 billion yuan for the first phase of its healthcare fund. Investment in multiple projects has been completed, and some invested enterprises have completed IPO in just a year. Changjin Bio is an important invested project of Grand Flight Investment in the field of synthetic biology. 

07.Horizon Construction Development’s University-Enterprise Cooperation Mode Covered on Front Page of Mainstream Media

On June 15, on the front page of Guangming Daily, an article titled “A New Way for the Placement and Growth of Manufacturing Talent—University-Enterprise Cooperation to Promote Employment (VI)” reported the advanced practice of Horizon Construction Development to solve the structural conflict in talent supply of the new era (i.e., cooperation with relevant universities on precise cultivation of professional technical talent through optimization of university-enterprise cooperation mode), with focus on the theme “new epochal topic: creating a strong and powerful team of engineers of a big nation for the transformation and development of the manufacturing industry.” 

In June we have refreshed our vision and scaled new heights; in July we shall keep striving towards the goal of excellence.