On the 17th June, Yang Rungui, Chairman of Guangdong Yuechai Investment Holdings Limited ("Guangdong Yuechai") & Secretary of Party Committee, Lin Bo, General Manager & Vice Secretary of Party Committee, and the senior executives of Guangdong Finance Investment International Co. Limited visited the headquarters of Realord Group Holdings Limited (HKEx stock code: 1196), having a meeting with Dr. Lin Xiao hui, the chairman of the Group about the formation of the joint venture securities company in Guangdong province.

During the meeting, Yang introduced the status quo and operation of Guangdong Yuechai to Realord Group leaders, and expressed that he and his team would know more about Realord Group’s business after this visit in order to strengthen mutual contacts and communication. Yang also hoped that the cooperation between Guangdong Yuechai and Realord Group is not only just limited in the securities brokerage business by operating a joint-venture securities company, but also in many other ways. Dr. Lin expected to have more exchange activities with Guangdong Yuechai in future, so as to promote the financial industry in Guangdong and Hong Kong.

Guangdong Yuechai Investment Holdings Limited is a state-owned enterprise authorized by the Guangdong Provincial People’s Government, engaging in trust banking, credit guarantees, asset management, equity investment, business management, insurances, financial leasing, and etc.

In late May 2016, Realord Group Holdings Limited announced its subsidiary Realord Manureen Securities Limited and five co-promoters including Guangdong Yuechai Investment Holdings Limited, Shenzhen Hongjin Investment Holdings Limited, Baoli Property Management Company Limited, Karl-Thomson Securities Company Limited and Eternal Pearl Securities Company had entered into the Promoters’ Agreement, pursuant to which the parties thereto agreed to set up the Joint-Venture Securities Company named “Yuegang Securities Ltd” with registered capital of 3.5 billion yuan, which will be established in Guangzhou Pilot Free Trade Zone, Nanshan area in the PRC, to carry out securities businesses in China. Realord Manureen Securities has agreed to subscribe for 350,000,000 shares of the JV Securities Company in cash, representing 10% equity interests thereof, at an aggregate subscription price of RMB350,000,000 (equivalent to approximately HK$416,500,000) as Guangdong Yuechai will subscribe for 1,400,000,000 shares and hold 40% equity interests in the JV Securities Company. Despite the written approval has been obtained from the Manureen Holdings Limited, the controlling shareholder of the Group, the date of dispatch of the circular, together with a notice of special general meeting, is expected to be postponed to a date falling on or before 24 June 2016.