Changfeng Axle China : Announcements and Notices - Voluntary Announcement Introduction to Major Shareholder

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

(Incorporated in the Cayman Islands with limited liability)

This announcement is made by Changfeng Axle (China) Company Limited (the "Company") on a voluntary basis. Capitalised terms used herein shall have the same meanings as those defined in the circular of the Company dated 17 February 2015 unless otherwise specified.

"Starr Investments Cayman V, Inc.," an investment SPV incorporated in the Cayman Islands is an indirect wholly-owned subsidiary of Starr International Company, Inc. ("Starr International"). Starr International is a private holding company of insurance and investment entities around the world. The Chairman of Starr International is Mr. Maurice R. Greenberg. The ultimate beneficial owner of Starr International is Starr International Foundation, a charitable foundation organized under the laws of Switzerland. The Starr Foundation was founded by Mr. Cornelius Vander Starr in 1955.
In March 2015, Century East Network Limited became a 51% owned subsidiary of the Company. Starr International's investment SPV collectively holds 14.66% of the Company, the third largest shareholder of the Company.
With a history of one hundred years of experience and a group with a professional team, Starr companies long-term focuses on the insurance company, the insurance agency business, the insurance industry and the global investment. Starr Companies distinguishes itself in the international financial market with its globalization history and multinational operation, especially in Asia and other developing countries. Starr Asia Investment team is led by Dorothy Dong. Since 2006, Starr has invested more than US$ 1 billion on private equity and direct investment in Asia market and focus on high-tech industries such as healthcare, pharmaceutical, retail, environment protection, new energy and logistics. Since 2007, Starr has invested over US$600 million in China domestic projects.
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In September 2014, Starr Investments made private equity investment on Century East Network Limited, the operating company of CCIGMALL.com. CCIGMALL.com sets up a direct path between pre-identified overseas suppliers, distributors and domestic retailers and constructs e-commerce cloud intelligence supply chain platform. Fortunet E-commerce Group also entered into an agreement with CHINAUMS to leverage its network to promote the CCIGMALL.com platform terminal to the millions of retailers of the latter.
The rapid growth of China e-commerce market and huge demand from China consumers for foreign high quality authentic imported goods will provide solid foundation for company's growth. Besides, the Group is managed by a team with extensive industry insights and operational experience in telecommunications, information technology and e-commerce industry through their previous positions at various prestigious corporations.
Starr companies will leverage its decade's investment and insurance experience in Europe and US, global networks and resources to support business development of the Company.
By Order of the Board

Chairman

Hong Kong, 16 April 2015

As at the date of this announcement, the executive Directors of the Company are Mr. Cheng Jerome, Ms. Wu Ching and Mr. Yuan Weitao; the non-executive Directors of the Company are Ms. Dong Ying, Dorothy, Mr. Feng Xiaohui and Mrs. Guo Yan; and the independent non-executive Directors of the Company are Mr. Wong Chi Keung, Mr. Liu Erhfei and Mr. Chan Chi Keung Alan.

* For illustration purpose only

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