Super Silver Fund - Simple Project Operation Process

Process of project operation:

•Strategic Cooperation Agreement between Local Government or Large State-owned

•Enterprise Group and Fund on Asset Securitization REITs

•Asset package portfolio offered by local governments or large state-owned enterprise

groups requiring Securitization

•Asset Package Assessment by Professional Institutions

•Negotiations are held on rent return, ratio of priority to inferiority, repurchase period, etc.

•Establishment of relevant SPV, capital in place, equity transfer, asset leaseback, etc.

•Repayment of original debts (if any)

•Asset packages listed on stock exchanges