On October 15, 2024, Lawyer Cui Yanan, a partner of Gaopeng Law Firm, was invited to conduct a business training session with Northern Asia Asset Appraisal Co., Ltd. on the theme of "Risk Control and Evaluation Analysis of Private Equity Fund Investment Project Exit" for Shenzhen Huitong Financial Holding Fund Investment Co., Ltd., Shenzhen Nanshan Strategic Emerging Industry Investment Co., Ltd., and Nanshan Venture Capital Co., Ltd.

Event site

In this training, Lawyer Cui explained in detail the risk control points for government guided fund share transfer and direct investment project exit, as well as private equity venture capital fund investment project exit. Lawyer Cui first sorted out the compliance systems that may be applicable to the exit of state-owned private equity funds, such as state-owned asset supervision, government funded funds, private equity funds, and civil and commercial law regulatory systems. Secondly, Lawyer Cui elaborated in detail on the specific risk control points that need to be paid attention to during the exit process, based on relevant laws and regulations, judicial practices, and his own professional experience, such as risk control points under state-owned asset supervision procedures, transaction process risk control points, and compliance risk control points for private equity funds. During the communication process, he provided on-site professional guidance for relevant practitioners on specific issues.

Mr. Wen Yuntao from Northern Asia Asset Appraisal Co., Ltd. provided a detailed explanation of enterprise appraisal knowledge, including start-up appraisal methods such as market approach, cost approach, and income approach. He elaborated on how to choose appropriate evaluation methods based on industry characteristics, enterprise development stages, and data completeness, especially in the field of state-owned asset evaluation, emphasizing the regulatory requirements that evaluation methods must follow and the key points of strict review of evaluation report content.

During the training period, the attending employees expressed a new and in-depth understanding of risk control and evaluation for the exit of private equity fund investment projects. The representatives of the trained companies provided feedback after the meeting that they had obtained operational guidelines that could be directly applied to practical work, which would help optimize the internal investment decision-making process of the company and enhance risk prevention capabilities.

Huitong Financial Holdings is a government industry development guidance fund management institution established by the People's Government of Nanshan District, Shenzhen on October 23, 2015. With a fund management scale of over 100 billion yuan, it shoulders the mission of mobilizing more social capital, high-quality entrepreneurial projects, technology, and talents to gather in Nanshan District. Huitong Financial Holdings not only focuses on fund equity investment business, but also continues to strengthen parent fund management, expand equity investment, and actively carry out entrepreneurial incubation business.

Shenzhen Nanshan Strategic Emerging Industries Investment Co., Ltd. is a state-owned sole proprietorship limited liability company established by the Nanshan District People's Government with a registered capital of 10.45 billion yuan. It has two wholly-owned subsidiaries, Huirong Investment and Zhirong Guarantee. As a strategic direct investment platform in Nanshan District, Nanshan Zhanxin Investment focuses on strategic emerging and future industries as its core investment direction, with a particular emphasis on industries with significant advantages in Nanshan District, such as new generation information technology, high-end equipment manufacturing, biomedicine, and digital economy.

Shenzhen Nanshan Venture Capital Co., Ltd. is a wholly-owned subsidiary of Huitong Financial Holding. As a professional venture capital platform, it focuses on investing in new generation information technology, intelligent manufacturing, medical health, new materials and other fields that are in line with industrial development orientation. It cultivates early and medium-term projects through the "incubation+venture capital+deep post investment" model, and is committed to attracting outstanding talents and technological innovation resources from around the world to gather in Nanshan.