UCAR Inc. (UCAR or the “Company”) successfully completed RMB4.6 Bn private placement on the National Equities Exchange and Quotations (NEEQ) on February 28, 2017. The issuance is the largest ever private placement by a non-financial enterprise on the NEEQ. CICC acted as Sole Sponsoring Broker and Sole Financial Advisor.

UCAR is the leading integrated service platform for the vehicle industry chain in travel and automotive fields in China. Based on CICC’s profound understanding of the business model of UCAR and the developing prospect of the emerging businesses such as auto e-commerce, CICC explored the potential value of the Company and auto e-commerce business and worked hand in hand with UCAR to build the investment story as well as valuation model, which led to the recognition and acceptance of investors on UCAR’s business model, product and service, as well as the valuation and pricing in this round; Besides, CICC arranged one-on-one roadshows for various major strategic investors with potential business synergy, covering industries such as insurance, automobile, armaments and asset management. And finally CICC successfully introduced major investment institutions such as China UnionPay, SPD Bank, CICC Genesis, and etc.

UCAR’s private placement marks CICC’s another successful deal which demonstrates its long-term commitment to and capability of servicing China New Economy and promising private enterprises. Taking into account the high level of market attention to the chauffeured car sector, and UCAR’s good brand effect and strong operation performance, the transaction has enjoyed significant market impact and attention. CICC is highly recognized by the Company for its investing resources advantage, market sensitivity, professionalism and the spirit of continuous services.