Press Release

JPMFC acted as joint lead underwriter on RMB 4.9 billion A-Share private placement for Wintime Energy

RMB 4.9 bn Private Placement for Wintime Energy Co., Ltd. was successfully completed on 17th February 2012. The issue price is RMB 15.5 per share, 6.68% discount to the market price, and 6 investors took part in it. J.P. Morgan First Capital (JPMFC) acted as the joint lead underwriter on this deal.

Wintime private placement is the first equity deal executed by JPMFC as lead underwriter. Its success demonstrates JPMFC’s excellent operating capability on large scale follow-on underwriting and Wintime’s pricing level is very good among private placements in the past.