Company News - 03 August 2017

As the Sole Financial Advisor, AMTD successfully assists Dianrong to successfully complete the D round of US$220mm financing, and introduces GIC, Zhongmin International Financial Leasing and Korea Simone Group

On 2nd August, Dianrong, China’s leading internet finance technology firm, formally announced the completion of D round of US$220mm financing in Shanghai. The line-up of this financing includes Government of Singapore Investment Corp. (GIC), the world-renowned sovereign fund, Zhongmin International Financial Leasing Co., Ltd., a subsidiary of China Minsheng Investment Group Leasing, and Simone Investment Management Co., Ltd., a subsidiary of Korea Simone Group. AMTD served as the Sole Financial Advisor for this D round financing. Previously, AMTD was also the Sole Financial Advisor for Dianrong’s C round of financing, and assisted Dianrong in introducing strategic investors including Standard Chartered Private Equity Co., Ltd. and China Fintech Fund.

“We are honoured to welcome such outstanding global investors to join Dianrong. These new investments have fully proved our past success.” Soul Htite mentioned at the press conference. Dianrong has successfully transformed itself and Dianrong has already been treated as a member of the financial industry. The funding of the current round of financing will also help Dianrong on increasing technology investment and investment in market expansion and globalization.

Mr. Soul Htite, Executive Chairman and founder of Dianrong (third from left) and Mr. Neil Wang, President Special Assistant of AMTD Group (first from right), Ms. Emily Shi, Head of Capital Markets & Advisory of AMTD Group (second from right) and Ms. Michelle Li. Head of Research at AMTD Group (first from right) at press conference

As the Sole Financial Advisor for the current round of financing, AMTD Group has successfully assisted Dianrong to complete the D round of financing after completing the C round of financing and introducing strategic investors including Standard Chartered Private Equity Co., Ltd. and China Fintech Fund in 2015. It has highlighted the professional services and continuous investment of the Group in the financial technology field.

Mr. Calvin Choi, Chairman and President of AMTD Group mentioned, with an innovative and outstanding technical team, Dianrong is far ahead in the technology of China's online loan platform. Mr. Soul Htite, Executive Chairman and founder of Dianrong, also has extensive experience accumulated during the Lending Club period. All the above advantages make this round of financing attractive to the world’s leading professional investors. The investor portfolio is diversified enough and it can provide a strong foundation for the development of the next phase. AMTD Group will continue to support the future development of Dianrong and assist it in opening up more new fields and markets to grow together.

On behalf of AMTD Group, Mr. Neil Wang, President Special Assistant of AMTD Group (first from right) and, Ms. Emily Shi, Head of Capital Markets & Advisory of AMTD Group (second from right) attended the press conference of Dianrong’s D round financing. Group photo with Mr. Soul Htite, Executive Chairman and founder of Dianrong (third from left) and Mr. Kevin Guo, Co-Chairman of Dianrong (fourth from right), Tang Min, President of Zhongmin International Financial Leasing Co., Ltd (second from right), Roger Lum, Senior Vice President of Equity Investment Department of GIC (fifth from right), Jungmin Lee, Vice President of Simone Investment Management Co., Ltd. And Li Gang, representative of Zhongmin International Financial Leasing Co., Ltd (first form right)

After the meeting, Ms. Michelle Li. Head of Research at AMTD Group, interviewed Mr. Soul Htite on how Dianrong taps into the international market and to develop a partnership with AMTD. Mr. Soul Htite mentioned, Dianrong is currently expanding into the Southeast Asian market, and cooperates with the local financial technology companies under the help of AMTD, to provide customized services and technical support. The relationship between Dianrong and AMTD is mutual influence that AMTD providing professional advice to Dianrong on financing, investment, and business development. Also, Dianrong has suggested AMTD to pay more attention to the financial technological companies, which thereby increasing the investment in the financial technology industry. AMTD Strategic Capital of AMTD is also one of Dianrong's strategic shareholders.

In addition to the strategic investment and completing C-round, D-round financing for Dianrong, AMTD also cooperated with Dianrong to successfully incubate “FinEX Asia”, the financial technology platform in Hong Kong. As the first financial technology platform to connect high-quality and high-stability assets of Asian investors and US consumer credit, FinEX Asia capitalized on the mature technologies of Dianrong in the P2P field, use blockchain-based to provide data security systems. This can bring a new investment experience with high safety and considerable profit to clients.

In July this year, AMTD also successively held several financial technology investment summits and forums, which attracted high-quality financial technology companies and Asian investors from all over the world to gather together, to become a bridge between Chinese and Hong Kong companies and Asian capital markets. AMTD Group will continue to expand and invest in the field of financial technology. It will focus on the use of technology to change the business environment and development formats. Treating Hong Kong as a "super connector" to further promote technological innovation and promote economic restructuring.