In recent days, CHIGO Holding continuously gets the favor of international capital market. Senrigan Master Fund (hereinafter referred to as “Senrigan”),the company of Blackstone Fund, increased  its 400 million share in CHIGO Holding Ltd. at  HK$0.7 per share on Apr.21st, which overall holding increase to 450 millions, accounting for 5.36% of company share. China Endowment Brokers, Jinlifeng financial Group co. Ltd. also increased its 7,000,000 of  CHIGO Holding on Apr. 29th, which shareholding level is up to 5.03% from 4.95% and  overall holding reach up to 422,800,000. Later, according to the Stocks Exchange’s ownership of shares, Skyworth TV Holdings Limited, the company of Skyworth Digital (00751), declared that they increase their holdings of 24 million in CHIGO Group (00449) on May 6th, to the average price of  HK$ 0.767 each share in the floor and HK$ 0 each share in the OTC, whose shareholding ratio is up to 5.06% from 4.77%. All of this is to further promote the capital adequacy ratio of CHIGO AC, providing CHIGO AC with capital support for spanning development. Analysts believe that increasing CHIGO’s share of national famous fund will benefit the long-term development of CHIGO, and accelerate the process of building “the largest refrigeration base in the world” of CHIGO.

According to analysis report of relevant brokerage, the income of CHIGO in 2010 grows fast, sales and average price growth of domestic AC is 37% and 11% separately. The net profit of CHIGO was 309 million last year, for the change of producing one-time items within this year and fair value of non-cash, including the stock payment of capital stock clearing is 104 million and the fair value of unlisted warrants loss 40.5 million. The basic profit of CHIGO is 454 million, increased by 41.8% over the same period; net interest rate is up to 5.4% from 5.3% in 2009 if deducting those projects.

As the new top three nationwide AC manufacturers in 2010, the future development prospects of CHIGO are the favorite by capital market. CHIGO plans to increase production of AC to 10 million in the next two years to meet the growth target in the next two to three years. The project of company in Auto industrial park of  Jiujiang development zone, has entered mass production stage, producing domestic AC 60,000 this month, its schedule production is 0.8 million this year. The total investment of the project amounts to 1 billion and the second phrase of the project has started in full scale, expecting to go into production in October. In export aspects, CHIGO will continue the rapid growth of export of last year. CHIGO has deployed the emerging market in Southeast Asia, Latin American, North African, and South Asia in last two years, so CHIGO enter into the harvest time now, receiving a flow of orders after the Canton Fair especially from Russia which displays huge demand. It is estimated that the needs of emerging market this year will provide guarantee for CHIGO’s export. At the same time, observing the enormous development for potential of the central AC market, CHIGO have found underlying company and sales & technical team of the central AC at the beginning of this year, specially used for expanding the market of central AC. It is estimated that CHIGO’s the sale of commercial AC in the next two years is 3 billion RMB. Moreover, CHIGO is intensifying advancing the construction of 5 thousand CHIGO low carbon life hall and B2C online sales platform CHIGO mall.Blackstone Group, built in 1985, its total value have billions dollars. It is one of the world’s leading alternative assets management company and provider of financial advising services, at the same time is one of the world’s biggest Private Equity Fund Company, bought into 9.9% share by China Investment Cooperation, with offices in New York, Atlanta, Chicago, Dallas, San Francisco, Boston, L.A., Paris, London, Bombay and Hong Kong etc. Its as