(9 September, 2016) Fosun International Limited (00656.HK, “Fosun”) announces that it has officiallycompleted the acquisition of 99.91% equity interest in Hauck &AufhäuserPrivatbankiersKGaA(“H&A”), a private bank in Germany, for approximately EUR210million. Through the acquisition, Fosun will continue to strengthen its integrated financial capability in German and European market. This acquisitionalso marks an important move made by Fosun to establish a family wealth management platformglobally.

“We are delighted that the European Central Bank and related financial regulatory authorities have made a positive decision and support. H&A is a strategic investment for us and provides us with the channel to invest in major economies in Europe,” said Mr. Guo Guangchang, Chairman of Fosun. “According to our investment plans and leveraging our rich resources across the world, we can effectively help H&A enhance its position in the banking sector of Germany and the rest of Europe.  At the same time, we can provide investors from China and other Asian countries with the opportunities to invest in Germany.”

“With the support from Fosun, our long-term shareholder, we are fully capable of building a bridge for Chinese companies seeking opportunitiesfor investmentin Germany and the rest of Europe. Meanwhile, we can also assist German enterprises to enter China’s market. H&A will continue to leverage its excellent brand and independence to become a reliable partner of our clients,” said the senior management of H&A. “In the past few months, we have had a full understanding about the opportunities to be brought about by the co-operation with Fosun and we have already started establishing our business in China systematically. Together with Fosun, we will increasingly take advantage of synergies which are to be generated and will extend and enrich our investment portfolio significantly.”

In the past five years, owners’ equity in H&A increased tremendously, laying the sound foundations for its further development. In such fields as asset servicing and the business of managing equity interests in small-cap and mid-cap companies, H&A has achieved growth rates in results higher than the industry average in recent years. The private bank has also expanded its business tothe key markets in Europe. Since 2013, assets under H&A’s managementhas increased by nearly 50%. The successful acquisition of H&A will reinforce the blueprint of Fosun’s financial servicebusiness in overseas markets. Fosun will also continue to expand its presence in private banking and wealth management segments.

H&Ais one of the few independent private banks in Germany with 220 years of tradition. The bank resulted from the 1998 merger of two highly traditional private banks: Georg Hauck & Sohn Bankiers, founded in Frankfurt am Main in 1796, and Bankhaus H. Aufhäuser, which opened its doors in Munich in 1870. From its locations in Frankfurt, Munich, Hamburg, Düsseldorf, Cologneand Luxembourg, the bank focuses on providing comprehensive advisory services and administering the assets of its private, corporate and institutional clients. This includes asset management for institutional investors, close cooperation with independent asset managers and both the launch and management of private label funds.