Press Release

JPMFC Acted as the Sole Sponsor and Sole Underwriter for BBMG Corporation 2014 Private Placement

On 24 March, 2014, BBMG Corporation( 601992.SH/2009.HK) accomplished its Private Placement of 501 million shares successfully with the offering price of RMB 5.58 per share. J.P. Morgan First Capital (JPMFC) acted as the sole sponsor and sole underwriter. The gross proceeds raised from the proposed Private Placement is approximately RMB 2.8 billion, which will be used for the construction of BBMG International Logistics Park and Furniture Manufacturing Project.

This is the first time that JPMFC has provided services to a state-owned enterprise under the jurisdiction of Beijing SASAC. The entire transaction was executed smoothly in accordance with the proposed timetable, which demonstrated JPMFC’s accurate judgment and effective control on the transaction.  As a result, it took only 7 months to complete the deal, starting from last August. In order to assist BBMG Corporation to raise proceeds timely, it took only 3 weeks from passing Public Offering Review Committee to accomplishing the entire issuance, which is far less than the normal time length. BBMG Corporation is another JPMFC’s A plus H dual-listed client, demonstrating JPMFC’s ability in providing integrated capital market services to our client both onshore and offshore.