Fosun International to acquire TENAX CAPITAL.

Fosun International, one of the world's leading family-focused multinational companies, has agreed to acquire a majority interest in TENAX CAPITAL, a boutique asset management company. Financial terms were not disclosed. This acquisition is part of Fosun's strategy to grow its global asset management business under its Wealth Ecosystem. Upon completion, TENAX will become one of Fosun's most important European asset management platforms, providing European and global investors new and innovative investment solutions and access to China's fast-growing financial markets. "We welcome the experienced and talented TENAX team joining Fosun today. The capable investment team, regulated business licenses and distribution channel of TENAX complement Fosun's global asset management business. We believe, along with our other asset management companies, TENAX will provide even better investment solutions to Fosun's insurance subsidiaries, portfolio companies, business partners and third-party investors." Jun Li, Fosun Asset Management CEO.