Olympus Capital became a strategic investor of China Zhongwang Holdings Limited pursuant to an agreement signed in July 2008 between the two sides. According to the agreement, Zhongwang International Group Limited (ZIGL), the holding company of China Zhongwang Holdings Limited, issued the Olympus Exchangeable Notes to Olympus Alloy (a special purpose vehicle set up by Olympus Capital for the purpose of this project) in the aggregate principal amount of US$100 million. Olympus Alloy would appoint one of its directors to the board of directors of China Zhongwang Holdings Limited. The partnership with Olympus Capital would provide strong support to China Zhongwang’s sustained high-speed growth of the development and manufacturing of industrial aluminium profiles, to the improvement of corporate governance and its further integration with international practices, and to the Company’s efforts to expand into new markets or to engage in industry consolidation both at home and abroad.

Olympus Capital is a private equity firm with offices in Hong Kong, Shanghai, Tokyo, New Delhi, Seoul and New York. It specializes in partnering with Asian shareholders and management teams to expand their businesses regionally and globally.