Global Purchasing Supply-Chain Operation Service----

International Trade OA Settlement Pattern & SCF Solution

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VIEWER DEVELOPMENT CO.,LIMITED

（ Member of XIANGYU CO., LTD ）

About Viewer Development:

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Founded in 2003.

It is a member company of Xiamen Super-chain Logistics Development Co., Ltd.

Our main business lines are providing:

Global purchasing

International settlement

International logistics

Integrated supply chain solution services.

Shareholders:

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Xiamen Xiang Yu Co., Ltd

Xiamen Super-chain Logistics Development Co., Ltd. Is a member of Xiamen Xiang Yu Co., Ltd

Founded in 1996. Got listed in 2001 (SSE: 600057)

Main business: Logistics and Supply Chain Management, development and operation of

logistics platform.

Concentrate on agriculture, forestry, metal, Plastic chemical, bulk of raw material and supply-

chain service.

• Registered capital: $1.036billions

• Total asset: $19.856billions

•Over 3000 employees in China mainland

•Annual Turnover: $50 billions

Our services : Tailor-made & flexible solutions

Our Supply chain main service is a short term trade receivables financing with a unique package of services :

3 major services that can be combined into different products and solutions according to the client’s requirements and objectives.

Supply chain Finance prerequisites:

1) invoicing after delivery of goods/services, 2) business to business, 3) availability of invoice

Services Description

FinancingProvision of finance against account receivablesAdvance payment on average up to 80% of eligible invoice values

Credit protection

Investigating the creditworthiness of buyersAssuming credit risk for upstream firmGiving protection against write-offs Improve credit line and 100% use in credit insurers

Management & International Logistics

Management of receivablesDunning & Cash Collection (Good knowledge of debtors’ payments habits)

Settlement (matching the payments with the invoices)

QC/ Customs Clearance/ Storage/ transportation/ Logistics Solutions

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Traditional supply chain services including financing, credit risk and international logistics.

The buyer signs a global supply operation agreement assigning all agreed receivables to Viewer Development which is responsible for all aspects of the supply chain operation.

For exports, Viewer Development can act directly factor partners in the country where goods are to be shipped.

Credit limit is set for each of the assigned buyers.

Once the goods have been shipped, Viewer Development may advance a pre-determined percentage of the invoice value.

Usually on without recourse/ disclosed basis

Our Supply Chain Solution

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Procedure of Full Service

Exporter Xiang Yu

ImportersViewer HK of

XiangYu

4. Submit Invoices & Shipping Documents

5. Payment of the Agreed Advance

7. Payment to Settle the Remaining Invoice Amount

4. Shipments

6. Payment Collection upon Invoice Due Date

1. Credit Cover of Assigned Importers

2.Global Supply Operation Agreement

3. Purchase Orders

3. Purchase Orders

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Our Account Receivable Finance Solutions

This is mainly a Supply chain financial solution, coupled with an administration of the ledger done by Xiang Yu. The credit risk can be covered by a 3rd party credit insurance company directly contracted by Viewer Development Co Ltd of Xiang Yu Group.Viewer find an approved insurance company to issue insurance policy and provide credit limit against its buyersThe suppliers assigns the insurance policy to Viewer Development Co ., Ltd which would be the shipper on the bill of loading.The Receivables are charged to Viewer Development.Receivable collection is done by Viewer Development directly.Usually on without recourse/ disclosed basis.

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Procedure of Account Receivables Financing

ViewerDevelopment

1.Puerchase Orders

5. Payment of the Agreed Advance

7. Payment to Settle the Remaining Amount

Global Supply Operation Agreement

1. Purchase Orders

3. Invoices

2. Quality Inspection before shipments

6. Remittance of Invoice Proceeds

Insurance Contract

Credit Insurance Company

Buyers

Suppliers

6. Loss Payee Assignment

4. Submit Invoices & Shipping Documents

3. Shipments

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Your benefits from our services

Financing• Improved balance sheet (liquidity, solvency)

• Direct availability of additional liquidity based on outstanding receivables

• More resources available

Credit Cover• Secured cash flow with debtor risk coverage up to upstream and downstream firms

• Most important measure against bad payment

• Enable clients to build up a high quality debtor portfolio and help him to assess the creditability of its supply chain partner

• Support suppliers’ growth and geographical expansion

• Maximize buyers’ procurement power

• Improve credit line and 100% make for use from credit insurers

Collection Services• Reduction of administrative works by the client

• Lower days sales outstanding (DSO)

• An efficient and effective back-office administration

• Reduced operating costs (staffing, overhead, facilities, technology investments and telecommunication charges)

• Save time of key resources for strategic developments

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Our strengths

Tailor made solutions such as :

• Assignment of a wide range of Credit Insurers : Euler Hermes, Coface, Sinosure, Atradius….

• Dunning process and countries knowledge• Sinosure• World : Import Factors partnership

• Close and high quality of services with a dedicated team and user-friendly tools

• instant access to all your updated supply chain information

• Follow up of our clients needs : increases of authorisation, adjustment to your needs

Also within our supply chain Service, you benefit of Solid : More than 10 years of experience in supply chain management is the foundation of a deep understanding of our client’s

needs. you will find in us a solid business partner.

Clients come first : Partnering up with you, your needs are the basis of our tailor-made solutions. Working across borders, our teams of “supply chain” professionals share ideas and best practices in order to provide you with the cutting edge solutions that meet your business objectives.

First-rate IT Platforms : Through our own information systems to manage our client’s receivables, we are able to offer multi-company, multi-country, multi-currency and multi-product solutions. Continuous R & D investments in IT ensure that we work with best-in-class invoice management systems.

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Extend payment terms Increase liquidity position Reduce purchase costs while

secure procurement channels

Client negotiates payment terms with its supplier. Viewer acts as the Client’s Paying Agent to purchases

without recourse the supplier’s orders. Backed by the Xiang Yu-platform Connexis Supply Chain.

CLIENT NEED VIEWER DEVELOPMENT SOLUTION

Viewer Developme

nt (Xiang Yu China)

2. Supplier delivers the goods

1b. Sign contract to GV

3. Pay the discounted amount

5. Pay the undiscounted on maturity date

4. Buyers pay the full

amount on maturity date

Buyers

Supplier

Viewer Development purchases the trade order receivables without recourse*

Supervisory Control

1a. Sign contract to GV

Convert illiquid assets into cash

Improved and predictable cash flows

Achieve “True Sale”

The cost of the program reflects the Client’s creditworthiness and is usually borne by the supplier

SCM - Receivables Purchase Solution

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Win–Win Cooperation

We are looking forward to our cooperation.

Together for a better future!