Press Release

JPMFC acted as the sole lead manager on RMB 700 million Commercial Paper offering for First Capital Securities Co., Ltd.

RMB 700 million 91-day Commercial Paper offering for First Capital Securities Co., Ltd. was successfully completed on 10th June, 2014. The note was priced at 4.7% (AA/A-1). J.P. Morgan First Capital (JPMFC) acted as the sole lead manager.

Following six successful issuances, JPMFC continued to work closely with First Capital Securities and once again successfully raised RMB 700 mm with lower yield than expected. The transaction gained recognition from the investors.