Following the completion of business combinations of Chum’s two previous blank check companies in January 2009, Chum has successfully rolled out its third blank check company, China Growth Equity Investment Ltd., in May 2011. This new company has raised US$50 million in its initial public offering and has been listed on the NASDAQ Capital Market. In February 2013, China Growth Equity acquired Pingtan Marine Enterprise Ltd., which is one of the largest deep-sea fishing companies in China.

Our two previous completed blank check companies are ChinaGrowth North Acquisition and ChinaGrowth South Acquisition Corporation, which each raised approximately $40 million in the U.S. in January 2007. ChinaGrowth North acquired UIB Group Limited in January 2009, which is the No.2 largest insurance brokerage firm in China. The listed company is traded under the name of UIB Group Limited. ChinaGrowth South acquired Olympia Media Holdings Ltd. in January 2009, which is the largest privately owned operator of print media businesses in China. The listed company is traded under the name of China TopReach Inc.