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Bank
FINANCE | Retail Banking
cib.com.cn

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Investments

16

Portfolio Exits

3

Partners & Customers

5

About Industrial Bank

Industrial Bank (IB) (SSE: 601166) (SSE: 360005) (SSE: 360012) is a national joint-stock commercial bank with a business scope including taking deposits; granting short, middle and long-term loan; handle domestic and overseas settlement; handle documents acceptance and discount; issue financial bonds; issue, cash and sell government bonds as agent; trade government bonds and financial bonds; issue securities other than stocks as agent; trade securities other than stocks by itself or as agent; assets custody; inter-banking borrowing/lending; trade foreign exchange by itself or as agent; purchase or sell exchange; banking card business; L/C service and guarantee; agency collection and payment and insurance; safe deposit box; financial consultant, credit inquiry, consulting and witness; and other business as approved by Chinese banking regulators.

Industrial Bank Headquarter Location

No.154 Hudong Road

Fuzhou, Fujian, 350003,

China

+86-591-87839338

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Industrial Bank Web Traffic

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Page Views per Million (PVPM)
Reach per Million (RPM)
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Latest Industrial Bank News

Tenet Signs Agreement with the Industrial Bank Co. to Offer Business Hub(TM)-Linked Bank Accounts to Business Hub(TM) Members

Apr 13, 2022

Toronto, Ontario--(Newsfile Corp. - April 13, 2022) - Tenet Fintech Group Inc. (CSE: PKK) (OTC PINK: PKKFF) ("Tenet" or the "Company"), an innovative AI service provider and operator of the Business Hubs™, today announced that it has signed a partnership agreement with the Industrial Bank Co. Ltd. ("CIB") to allow members of Tenet's Chinese Business Hub™ to open bank accounts at CIB linked to their Business Hub™ accounts. The real bank accounts at CIB will provide Business Hub™ clients with an alternative to Tenet's offering of virtual bank accounts on the China UnionPay network. The CIB accounts are meant to accommodate larger clients, such as commodities traders, that have been relying on the Hub's services to finance their purchase orders, alleviate their cash flow issues and also have cash settlement needs that are not available through the virtual bank accounts. Just like with the virtual bank accounts, Tenet will earn service fees and have administrative oversight of the CIB accounts, which should provide an additional layer of comfort to Business Hub™ partnering financial institutions, including CIB, when it comes to extending credit to Hub members that have such bank accounts. With over 2,000 branches and outlets across China, more than 50,000 employees and total assets in excess of USD$975B, CIB ( https://www.cib.com.cn/en/ ) is the 8th largest bank in China and ranks 31st among the largest banks in the world according to Wikipedia. "Our approach of being constantly attentive to the needs of our clients has been a major factor in how quickly we've been able to grow in China and directly led to the agreement announced today," said Tenet China CEO Liang Qiu. "As soon as we became aware that our virtual bank account offerings had certain limitations, which meant that they were not suitable for all our existing and prospective clients, we went to work on an alternative offering. We couldn't be happier to have been able to partner with one of China's most reputable banks. We commend CIB for recognizing our value proposition and for its collaboration on the integration needed to link our Business Hub™ to their system, which was no small feat. This partnership is yet another way for us to continue to gradually bring our service offerings into the mainstream of B2B activity in China". About Tenet Fintech Group Inc.: Tenet Fintech Group Inc. is the parent company of a group of innovative financial technology (Fintech) and artificial intelligence (AI) companies. All references to Tenet in this news release, unless explicitly specified, includes Tenet and all its subsidiaries. Tenet's subsidiaries provide various analytics and AI-based services to businesses and financial institutions through various Business Hubs™ to create a global ecosystem where analytics and AI are used to create opportunities and facilitate B2B transactions among its members. For more information: http://www.tenetfintech.com For more information, please contact: CHF Capital Markets Forward-Looking Statements / Information: This news release may include certain forward-looking information, including statements relating to business and operating strategies, plans and prospects for revenue growth and listing plans, using words including "anticipate", "believe", "could", "expect", "intend", "may", "plan", "potential", "project", "seek", "should", "will", "would" and similar expressions, which are intended to identify a number of these forward-looking statements. Forward-looking information reflects current views with respect to current events and is not a guarantee of future performance and is subject to risks, uncertainties and assumptions. The Company undertakes no obligation to publicly update or review any forward-looking information contained in this news release, except as may be required by applicable laws, rules and regulations. Readers are urged to consider these factors carefully in evaluating any forward-looking information. To view the source version of this press release, please visit https://www.newsfilecorp.com/release/120274 Sign up for Alerts Sign up to receive news releases by email for Tenet Fintech Group Inc. or all companies belonging to the Internet Technology, Technology, Banking/Financial Services industries. Recent News

Industrial Bank Investments

16 Investments

Industrial Bank has made 16 investments. Their latest investment was in SVOLT as part of their Series B - II on December 12, 2021.

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Industrial Bank Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

12/13/2021

Series B - II

SVOLT

$945.12M

Yes

6

11/5/2021

Series C

Hzymes Biotech

$124.97M

Yes

4

6/3/2021

Series D - III

ZongMu Technology

$190M

Yes

11

5/21/2021

Series D

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$99M

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10

4/13/2021

Series E - II

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$99M

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10

Date

12/13/2021

11/5/2021

6/3/2021

5/21/2021

4/13/2021

Round

Series B - II

Series C

Series D - III

Series D

Series E - II

Company

SVOLT

Hzymes Biotech

ZongMu Technology

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Amount

$945.12M

$124.97M

$190M

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

6

4

11

10

10

Industrial Bank Portfolio Exits

3 Portfolio Exits

Industrial Bank has 3 portfolio exits. Their latest portfolio exit was Arrail Dental on March 22, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

3/22/2022

IPO

2

2/4/2021

Corporate Majority - II

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$99M

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10

7/17/2020

IPO

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$99M

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10

Date

3/22/2022

2/4/2021

7/17/2020

Exit

IPO

Corporate Majority - II

IPO

Companies

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Valuation

$99M

$99M

Acquirer

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Sources

2

10

10

Industrial Bank Partners & Customers

5 Partners and customers

Industrial Bank has 5 strategic partners and customers. Industrial Bank recently partnered with Promontory MortgagePath on June 6, 2021.

Date

Type

Business Partner

Country

News Snippet

Sources

6/1/2021

Partner

United States

Promontory MortgagePath Adds Industrial Bank, Optus Bank as First MDIs, CDFIs in Its Minority-Owned Financial Institution Initiative

MDIs or CDFIs interested in learning more about becoming strategic partners in this initiative should contact Promontory MortgagePath LLC Managing Director and Head of Bank Relations Paul Katz at paul.katz@mortgagepath.com .

2

7/3/2019

Partner

South Korea

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10

3/29/2019

Partner

Germany

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10

8/16/2018

Vendor

Switzerland

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10

1/18/2018

Partner

China

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10

Date

6/1/2021

7/3/2019

3/29/2019

8/16/2018

1/18/2018

Type

Partner

Partner

Partner

Vendor

Partner

Business Partner

Country

United States

South Korea

Germany

Switzerland

China

News Snippet

Promontory MortgagePath Adds Industrial Bank, Optus Bank as First MDIs, CDFIs in Its Minority-Owned Financial Institution Initiative

MDIs or CDFIs interested in learning more about becoming strategic partners in this initiative should contact Promontory MortgagePath LLC Managing Director and Head of Bank Relations Paul Katz at paul.katz@mortgagepath.com .

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Sources

2

10

10

10

10

Industrial Bank Team

1 Team Member

Industrial Bank has 1 team member, including former Executive Vice President, Jim Salin.

Name

Work History

Title

Status

Jim Salin

Pacific Western Bank, Metrobank, Union Bank, and CVB Financial

Executive Vice President

Former

Name

Jim Salin

Work History

Pacific Western Bank, Metrobank, Union Bank, and CVB Financial

Title

Executive Vice President

Status

Former

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