On the afternoon of March 20th, 球探体育 and the Shanghai Branch of Construction Bank of China（CBC）signed a strategic cooperative agreement regarding intentional line of credit worth RMB 28 billion. Mr. Shen Jun, Chairman of 球探体育, Mr. Duan Chaoliang, head of the Shanghai Branch of CBC attended the signing ceremony. Mr. Fu Fan, Vice President of 球探体育, and Mr. Xu Zhonghua, Deputy Head of the Shanghai Branch of CBC signed on the agreement on behalf of each of the two parties.

On the signing ceremony, Mr. Shen Jun and Mr. Duan Chaoliang respectively delivered speeches, in which both parties expressed expectations for long-term cooperation, hoping for win-win situation by pooling together the two parties` advantages, jointly making greater contributions for Shanghai to become the front-runner of reform and innovative development nationwide.

According to the agreement, both parties will conduct further cooperation in areas like credit facility, reform on SOAs and SOEs, development of Shanghai to become a Sci-tech Innovation Center, overseas investment business, comprehensive finance so as to build up long-term strategic partnership. CBC Shanghai Branch will exploit its strengths in capital and information, providing all-around support in comprehensive financial services, investment banking, cash management, etc., helping 球探体育 to accelerate its development as a professional and market-oriented state-owned capital operation platform with its Twin-wheelStrategy as the core. Meanwhile, 球探体育`s reform and innovation drive will facilitate the CBC Shanghai Branch to further expand comprehensive financial service business so as to more closely integrate with the overall plan of Shanghai`s socio-economic development. After the signing, the State-owned Assets Operation Corp., Ltd.,(SSAO) a subsidiary of 球探体育, also signed agreement with the CBC Shanghai Branch.

Mr. Gu Jianzhong, Vice President of 球探体育, Mrs. Liu Ying, 球探体育 Chief Investment Officer, Mrs. Ma Haiyan, Chairwoman of 球探体育 Labor Union, heads of departments of 球探体育 and SSAO and various executives of the CBC Shanghai Branch took part in the signing ceremony.