Incorporation plan for the Financial Holding Group began in 2014 and it was formally established in 2017. It has 6 financial subsidiaries, i.e. equity investment company, financial leasing company, securities company, financial company, asset management company, and Jintai small loan company. On June 29, 2017, Weihai Blue Ocean Bank, the first private bank in Shandong Province and the twelfth private bank in China, was officially opened by 7 companies including WEGO Holding. The Financial Holding Group strives to become a platform for WEGO Holding to run medical assets and conduct investment and financing for the healthcare sector and to construct a diversified comprehensive healthcare financial business system with the strategic positioning of mutual healthcare sector and finance development and assistance in the industry and commerce, and the goal of building a platform in one year, seeing benefits in two years, and growing to scale in three years. With the vision of creating the most influential health care financial business brand in China within five years, the Financial Holding Group is determined to become a strategic partner of major financial institutions in the field of medical investment.
Established on July 29, 2016, Weihai WEGO Equity Investment Management Co., Ltd. has managed a fund, i.e. Weihai WEGO Equity Investment Fund Center (Limited Partnership), which was found on October 17, 2016 with a filing number of SS6398, and a fund size of CNY 810 million, and is mainly engaged in other investment funds related to equity investment or bond investment covering primary market equity investment and private placement for medical devices, drugs, medical services and health related industries. Currently, it have invested in three projects, i.e. Rad Source Technologies, Inc, Shandong Vanform High Energy Physics Technology Co., Ltd. and Suzhou Argus Medical Technology Co., Ltd. On December 25, 2018, we walked out of the project of Rad Source Technologies, Inc with a yield of 223.8%.