WMG Finance Co., Ltd. (“WMG Finance”) is a CBRC-sanctioned group finance company. As a non-banking financial institution, it provides financial management services to the members of WMG. Its registered capital of RMB 500 million is contributed by WMG and WMC. WMG Finance centralizes WMG’s capital management and thereby improves efficiency of capital use. It offers WMG members such financial services as cash settlements, deposits, notes, loans, inter-banking borrowings and advisory services.