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Portfolio Exits

1

About NF Energy Saving

NF Energy Saving engages in energy technology specializing in the design and manufacture of diameter energy efficient intelligent flow control systems for thermal and nuclear power plants. NF Energy Saving also offers technology consulting and design services.

NF Energy Saving Headquarter Location

3106, Tower C 390 Qingnian Avenue Heping District

Shenyang, Liaoning, 110015,

China

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Latest NF Energy Saving News

BOQI International Medical Announces Closing of Energy Business Spin-Off

Jun 24, 2020

0 Message : *Required fields New York, June 24, 2020 (GLOBE NEWSWIRE) -- BOQI International Medical Inc. (NASDAQ: BIMI) (“BIMI” or the “Company”) today announced the closing of the previously announced sale of its legacy energy saving enhancement business. As previously disclosed, on March 31, 2020, the Company entered into a Stock Purchase Agreement (the “Purchase Agreement”) pursuant to which the Company agreed to sell its legacy energy saving enhancement business conducted through NF Energy Saving Investment Limited and its subsidiaries for $10 million in cash. The transaction closed on June 23, 2020, at which time the Buyer paid the $10 million in full. "The divestiture of the energy saving enhancement business is a key milestone in our strategy to refine our focus," said Mr. Tiewei Song, Chief Executive Officer and President of BOQI International Medical Inc. "The sale allows us to concentrate on our stronger growth and higher-margin operations in the healthcare business while reducing costs and strengthening our financial position." About BOQI International Medical Inc. BOQI International Medical Inc. (formerly known as NF Energy Saving Corporation) (NASDAQ: BIMI) was founded in 2006. In February 2019, the Board of Directors of the company was reorganized following efforts led by Mr. Yongquan Bi, the company’s new Chairman, with a renewed focus on the health industry. The company is now transforming from a provider of integrated energy conservation solutions to a healthcare products provider. BOQI International Medical Inc. offers a broad range of healthcare products and related services. Safe Harbor Statement The statements contained herein that are not historical facts are considered “forward-looking statements.” Such forward-looking statements may be identified by, among other things, the use of forward-looking terminology such as “believes,” “expects,” “may,” “will,” “should,” or “anticipates” or the negative thereof or other variations thereon or comparable terminology, or by discussions of strategy that involve risks and uncertainties. In particular, statements regarding the efficacy of investment in research and development are examples of such forward-looking statements. The forward-looking statements include risks and uncertainties, including, but not limited to, the effect of political, economic, and market conditions and geopolitical events; the impact of COVID-19;  legislative and regulatory changes that affect our business; the availability of funds and working capital; the actions and initiatives of current and potential competitors; investor sentiment; and our reputation. We do not undertake any responsibility to publicly release any revisions to these forward-looking statements to take into account events or circumstances that occur after the date of this report. Additionally, we do not undertake any responsibility to update you on the occurrence of any unanticipated events, which may cause actual results to differ from those expressed or implied by any forward-looking statements. The factors discussed herein are expressed from time to time in our filings with the Securities and Exchange Commission available at http://www.sec.gov. IR Contact: Tel: +1(646)-801-2803

NF Energy Saving Portfolio Exits

1 Portfolio Exit

NF Energy Saving has 1 portfolio exit. Their latest portfolio exit was Chongqing Guanzan Technology on March 18, 2020.

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

3/18/2020

Acquired - II

$991

1

Date

3/18/2020

Exit

Acquired - II

Companies

Valuation

$991

Acquirer

Sources

1

NF Energy Saving Acquisitions

2 Acquisitions

NF Energy Saving acquired 2 companies. Their latest acquisition was Chongqing Guanzan Technology on December 03, 2019.

Date

Investment Stage

Companies

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

Total Funding

Note

Sources

12/3/2019

Acquired

$991

Acquired

1

10/14/2019

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$99M

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10

Date

12/3/2019

10/14/2019

Investment Stage

Acquired

Companies

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Valuation

$991

Total Funding

$99M

Note

Acquired

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Sources

1

10

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