中文版

November 26, 2010, Beijing, China - China Venture Capital Association officially announced today to rename itself as China Venture Capital and Private Equity Association. Its abbreviation and logo will remain unchanged as CVCA. Yichen ZHANG, CVCA Chairman and Chief Executive Officer of CITIC Capital, indicated that CVCA, which has experienced eight years of development in the industry, has been growing as one of the most active and representative Venture Capital ("VC")and Private Equity ( "PE") associations in the Greater China region. CVCA currently has more than 150 member firms. Among CVCA's regular members, 40% of them are VC firms, and approximately 58% of them are PE firms. To better demonstrate CVCA' s members composition and to represent the private equity members in the Greater China region, the resolution of CVCA renaming, which was proposed by the Board of CVCA Governors, has been unanimously approved by the general assembly session of its members recently.

Yichen ZHANG also indicated that CVCA, incorporated in 2002 in Hong Kong, is of the earliest inter-regional VC/PE association in the Greater China region. After the name alteration, CVCA will continue its mission to support the sustainable development of venture capital and private equity industry in the Greater China region; foster the understanding of the importance of VC/PE to the vitality of the Greater China economy and global economies; and to promote government policies conductive to the development of venture capital and private equity.