First Consumer Finance Company Advised by Llinks Approved for its Official Operation

On February 24, 2010, the China Banking Regulatory Commission officially granted its approval for the operation of Beiyin Consumer Finance Co., Ltd., which signals the official operation of China's first consumer finance company. Beiyin Consumer Finance Co., Ltd., with a registered capital of RMB 300,000,000, was solely invested by Bank of Beijing and is one of the first four consumer finance companies approved by the regulatory body. Llinks advised Bank of Beijing on setting up the consumer finance company.