Press Release

JPMFC acted as lead underwriter on RMB 2.9billion A-share private placement for China Merchants Energy Shipping

RMB 2.9 bn Private Placement for China Merchants Energy Shipping Co., Ltd. was successfully completed on 1st March 2012. The issue price is RMB 3.37 per share, 3.06% premium to the market price, and Sinopec, China Life and Sinochem took part in it. J.P. Morgan First Capital (JPMFC) acted as the joint lead underwriter on this deal.

China Merchants Energy Shipping private placement is the first fixed-price private placement executed by JPMFC as lead underwriter. Its success demonstrates JPMFC’s excellent capacity on large scale follow-on.