Composites / Fiberglass

Fiberglass Private Placement:Chongqing Polycomp International Corporation (CPIC) Grand Avenue Capital managed the investment by The Carlyle Group of $USD 90 million into CPIC ----------------------------- Private Placement: Jushi Group, PRC Grand Avenue Capital managed the investment by The HONY Group of $USD 110 million into Jushi, the largest fiberglass manufacturer in China. ---------------------------- Sale of Minority Shareholder Interests in CPIC Grand Avenue Capital-Asia has assisted the sale of the Chongqing Polycomp International Corporation shares held by Amiantit (Saudi Arabia) and two other US-based Corporations. . The Saudi Arabian Amiantit Company (Amiantit) core business activities comprise: • Manufacture and sale of pipe systems • Ownership and sale of pipe technologies • The provision of water management consultancy and engineering services • Manufacture and supply of polymer products Amiantit markets a wider range of pipe products than any other pipe manufacturer, and provides a total solution to customers fluid transfer needs. The Group serves municipal, civil engineering, industrial, energy, and agricultural markets worldwide, supporting global infrastructure development. The Group comprises 30 pipe system manufacturing plants, 6 technology companies, 4 materials suppliers, and 8 supply and engineering subsidiaries, in a number of countries around the globe. In addition, an extensive sales and service network caters for the needs of customers in more than 70 countries around the world. Amiantit is headquartered in the Kingdom of Saudi Arabia, where its shares are listed on the Saudi Stock Exchange.