[Monthly News] May Update|Far East Horizon Releases 2024 Climate-Related Disclosure Report; CDHORIZON Completes Acquisition of Majority Stake in Malaysia’s TH Tong Heng Machinery

01 Far East Horizon Releases 2024 Climate-Related Disclosure Report

On May 15, as a pioneer in actively practicing sustainable development within the industry, Far East Horizon released its climate-related disclosure report for the second consecutive year. This report not only continues Far East Horizon’s analysis and response to climate risks and opportunities but also achieves breakthroughs and innovations in multiple aspects. The report discloses that the company, starting from the top-level design of strategic planning, integrates low-carbon transformation into the core framework of corporate development, sets stringent yet achievable carbon reduction targets, and coordinates green development with low-carbon transformation goals. This injects continuous momentum into addressing the global challenge of climate change, leaving a solid and impactful footprint in the process of global sustainable development.
02 Far East Horizon Signs Strategic Cooperation Agreement with Shanghai Zhejiang Chamber of Commerce

On May 27, a delegation of entrepreneurs from the Shanghai Zhejiang Chamber of Commerce visited Far East Horizon. The two parties held high-level talks, and under the joint witness of Kong Fanxing, President of Far East Horizon; Wang Ruisheng, Vice President; Pan Jianqing, Party Committee Secretary of the Shanghai Zhejiang Chamber of Commerce; and Yang Guoping, Chairman of the Board of Supervisors, Cao Jian, Senior Vice President of Far East Horizon, and Wu Zhongchun, Deputy Party Secretary, Executive Vice President, and Secretary-General of the Chamber of Commerce, signed the strategic cooperation agreement on behalf of their respective organizations. President Kong stated during the talks that Far East Horizon remains committed to providing comprehensive, all-round services for enterprises, entrepreneurs, and their families. He expressed hope that this collaboration would further integrate resources, support chamber enterprises in achieving high-quality development, and provide long-term, accompanying services for entrepreneurs and their families.
03 Far East Horizon International Honored as "Most Market-Competitive Underwriting Institution"

On May 23, at the "2024-2025 China Offshore Bond Excellence Alliance Inaugural Forum" hosted by the Shanghai Development Research Foundation, the Far East Horizon International team was awarded the [Most Market-Competitive Underwriting Institution] accolade for its outstanding cross-border financing service capabilities. In 2024, the team continued to uphold its philosophy of regional in-depth cultivation, successfully executing over 40 offshore bond primary market issuance projects. Its business network spans multiple provinces and cities, including Shandong, Henan, and Anhui, cumulatively assisting local governments and corporate entities in raising over USD 29 billion in international capital. This has further expanded offshore financing channels for regional economies and contributed to high-quality development.
04 Far East Horizon International’s Partner "Auntea Jenny" Successfully Listed on HKEX Main Board

On May 8, “Auntea Jenny” officially debuted on the Main Board of the Hong Kong Stock Exchange (HKEX). As a partner in Auntea Jenny’s journey to listing in Hong Kong, Far East Horizon International leveraged its capital market expertise and resource integration capabilities to assist multiple industrial investors, including Auntea Jenny, in completing their subscriptions. Moving forward, Far East Horizon International will remain committed to enhancing the efficiency of two-way resource conversion between domestic and international markets, building a connectivity platform for local enterprises and global elements, and supporting the high-quality development and internationalization of China’s outstanding companies.
05 CDHORIZON Completes Acquisition of Majority Stake in Malaysia’s TH Tong Heng Machinery

On May 8, CDHORIZON, the leading comprehensive equipment operation service provider in China under Far East Horizon, officially signed a share acquisition agreement with TH Tong Heng Machinery, the largest local comprehensive equipment rental company in Malaysia. In the first phase of this acquisition, CDHORIZON will acquire an 80% stake in Tong Qing and fully integrate it with its Malaysian operations, with significant synergies expected. The remaining 20% stake will be priced based on future long-term operational performance. This marks the first cross-border majority stake acquisition by a leading Chinese equipment rental company, signifying that Chinese enterprises have entered a new phase of globalization characterized by "industrial capital + localized operations" in deep integration.
06 HCHORIZON Collaborates with Bethune Medical Development Association of Canada for Orthopedic Academic Exchange

From May 14 to 15, the orthopedic academic exchange event titled "Linking International Medical Resources · Inheriting the Bethune Spirit," jointly organized by HCHORIZON and the Bethune Medical Development Association of Canada, was held at Deyang Fifth Hospital. International orthopedic experts from the Bethune Medical Development Association of Canada and key orthopedic specialists from HCHORIZON member hospitals conducted in-depth academic exchanges over two days. This event marked the first collaboration between the Bethune Association and a domestic social medical service platform in China. By practically inheriting the Bethune Spirit and introducing cutting-edge international concepts and technologies, the event empowered grassroots social medical institutions while providing HCHORIZON’s orthopedic development with an international perspective.
07 Xuzhou Municipal Health Commission Delegation Visits HCHORIZON

On May 20, a delegation from the Xuzhou Municipal Health Commission visited Far East Horizon Plaza in Shanghai and held discussions with HCHORIZON on topics including the development of the medical and health industry, hospital operation management, and regional medical capacity enhancement, jointly exploring pathways for high-quality development in healthcare. Far East Horizon Vice President Xu Huibin and HCHORIZON CFO Wan You, among other leaders, attended the meeting. Both parties further discussed directions such as medical service innovation, hospital grading, and specialty department development, while jointly envisioning development opportunities in emerging fields like rehabilitation medicine, chronic disease management, and traditional Chinese medicine specialties against the backdrop of an aging population.

