Youngor and related parties buy 35 million shares of UnionPay business

Youngor today announced that with SAIF Investment company Limited (hereinafter referred to as "SAIF") signed the "Equity transfer Agreement" on March 4, 2011, the contribution of 225 million yuan to 15 yuan/share of the price of the SAIF held UnionPay Business Limited (hereinafter " UnionPay business ") 15 million shares.　　After the acquisition is completed, Youngor will hold 25 million shares of UnionPay business, accounting for 5.05% of its total equity.　　At the same time, Youngor affiliated party Shanghai Changjiang State Wang Equity Investment Fund Center (Limited partnership) to contribute 300 million yuan, at the same price by letting Saif holding UnionPay business 20 million shares, accounting for UnionPay's total business capital of 4.04%. UnionPay Business Co., Ltd. was established in December 2002, is engaged in bank card receipts and professional services of the national comprehensive payment agencies, headquartered in Shanghai.　　China UnionPay directly and indirectly holds 54.96% per cent of the UnionPay business and is the controlling shareholder of UnionPay business. 2010 UnionPay Business income of 2.186 billion yuan, net profit of 210 million yuan, the total assets amounted to 4.949 billion yuan.