The following is a diagrammatic illustration of our corporate structure:
The registered Capital of Galaxy Futures, our direct non wholly-owned subsidiary, increased from RMB 120 million to RMB 300 million on May 27, 2010, and then increased to RMB 600 million on November 8, 2011. On July 26, 2012, our Board approved to further inject up to RMB 500 million to the share Capital of Galaxy Futures.
Galaxy Capital, our wholly-owned subsidiary, was incorporated on October 21, 2009 with a registered capital of RMB1 billion. The major scope of business of Galaxy Capital includes asset management, project investment and investment management.
Galaxy International Financial Holdings Co., Ltd
Our wholly-owned subsidiary was incorporated in Hong Kong on February 9, 2011, with an issued share capital of HKS $1 which was increased to HKS $100 million on August 4, 2011, and further increased to HKS $600 million on June 1, 2012.