On September 13, the sub-fund establishment plan submitted by Sino Pacific Capital officially passed the expert review and publicity stage of the provincial-level equity guidance fund of Hubei Province. The success of the review project reflects the full recognition of the provincial-level equity guidance fund of Hubei Province to Sino Pacific Capital's investment capability, elite team and past performance.

60% of the total size of Sino Pacific Capital Wuhan Fund will invest in high-end manufacturing industries in Hubei Province, especially in Wuhan, and will also invest in a new generation of high-growth emerging industries such as information technology.

Sino Pacific Capital has a registered capital of 100 million yuan and currently has offices in Shenzhen and Guangzhou. Sino Pacific Capital's management team members come from well-known domestic and foreign investment institutions, as well as the president of listed companies and the leaders of securities regulatory departments. They have an average of more than 10 years of private equity industry or industry experience. In the past two years, Sino Pacific Capital has invested in 35 projects, 3 projects will soon declare IPO, 2 projects have been listed in the new three board, 11 projects have completed a new round of premium financing, and several projects have started the next round of financing. With a solid investment style and excellent investment performance, China Shipping Capital was awarded the industry honors such as “Top 10 Growth Potential Venture Capital Institutions in China in 2017”.

The Wuhan Fund is the second fund established by Sino Pacific Capital in cooperation with the government guidance fund this year. Earlier, China Shipping Capital and Guangzhou Emerging Industry Guidance Fund cooperated to set up a new generation of information technology industry fund. At present, a total of 5 projects have been invested, and the project progress is gratifying.