Paul Hastings Advises Far East Horizon on US$371 Million Share Placement

March 28, 2012

Hong Kong (March 28, 2012) - Paul Hastings, a leading global law firm, announced today that it advised Far East Horizon Ltd., (Far East Horizon), a leading financial services company focusing on financial leasing and a subsidiary of Sinochem Group, one of the largest Chinese state-owned enterprises, on its US$371 million share placement. UBS was the sole placing agent and Far East Horizon plans to use the money raised from the placement to fund its ongoing growth.

In March 2011, Paul Hastings advised Far East Horizon on its US$757 million Hong Kong listing which marked the first red chip listing approved by the China Securities Regulatory Committee (CSRC) since 2009 and the first ever listing of a finance leasing company in Hong Kong. Paul Hastings also advised Far East Horizon on its issuance of preference shares to strategic investors Kohlberg Kravis and Roberts (KKR), Government of Singapore Investment Corporation (GIC) and CICC in 2009.

The Paul Hastings team was led by partners Raymond Li, Chris Betts and Neil Torpey with support from associates Anthony Pang and Dane Johansen and trainee David Ting. Additional support was also provided by partner Alexander Lee (tax matters) and of counsel Wendell Faria (Investment Company Act matters).

Paul Hastings is a leading global law firm with offices in Asia, Europe, and the United States. We provide innovative legal solutions to financial institutions and Fortune 500 companies. Please visit www.paulhastings.com for more information.