Suning Financial Services Completed Over RMB5.3 Billion Financing, CEC Capital Was the Exclusive Financial Advisor

December 25, 2017- Suning Financial Services, a subsidiary of Suning Commerce Group（002024.SZ), announced today that it had entered into definitive agreements to raise a more than RMB5.3 billion.  The round will be led by Suning Holdings, YF Capital, and GP Capital, with participation from CICC, China Everbright Investment, and SCGC, etc. for a total equity stake of 16.5% of the company.

CEC Capital served as the Exclusive Financial Advisor to Suning Financial Services in this transaction.