Tricor Accelerates China Outbound Business with Acquisition of Richful Deyong

Acquisition firmly establishes Tricor as Asia’s Leading Business
Expansion Specialist

HONG KONG–(BUSINESS WIRE)–Tricor Group (Tricor), Asia’s leading provider of business,
corporate, investor and debt administration services, has acquired
Richful Deyong (RFDY), a Hong Kong-based provider of integrated
corporate and business services, focused on supporting mainland Chinese
companies in their international corporate activities.

RFDY’s network of 140 relationship managers across 12 major Chinese
cities greatly enhances Tricor’s presence on the mainland, while also
providing RFDY’s client base with access to Tricor’s best-in-class
services across APAC. The combined Tricor and RFDY platform meets the
growing needs of Chinese enterprises going abroad, with the most
comprehensive suite of services available in the market.

Lennard Yong, Group CEO of Tricor, said: “We are delighted with the
greatly enhanced presence that we have gained in China through RFDY.
Shisong Mai, the founder of RFDY, and his management team have built an
exceptional business in the mainland and Hong Kong. In 2018, RFDY
supported the internationalisation of over 18,000 Chinese corporations.
Combining RFDY’s capabilities with the resources of Tricor strengthens
Tricor’s Asian footprint and supports our aim to become the premier
partner for China’s globalisation activities, taking full advantage of
economic expansion and initiatives like the Belt and Road and Greater
Bay area.”

Shisong Mai, the founder of RFDY, said: “Tricor, as one of the
fastest-growing players in the industry, shares our mission to help
mainland Chinese companies expand their global presence by providing the
most robust, integrated business solutions in the market. Joining Tricor
represents a natural evolution of RFDY’s development beyond China and
Hong Kong, and I look forward to working closely with the Tricor
leadership team, as together we help drive the further globalisation of
Chinese corporates.”

Lennard Yong continued: “This transaction marks Tricor’s 6^th
acquisition since the Permira Funds’ investment in the firm, and we
continue to explore partnerships with businesses in the region that
share our vision of helping firms across APAC pursue new opportunities.”

RFDY provides corporate and business services to Mainland Chinese
corporates to support their outbound investment activities, including
cross-border M&A transactions, overseas capital market transactions and
other direct outbound investments, as well as entity incorporation and
renewal, and accounting and company secretarial services. It also
provides corporate and business services to Chinese entrepreneurs
seeking administrative support for their family offices.

About Tricor Group

Tricor Group (Tricor) is the leading business expansion specialist in
Asia, with global knowledge and local expertise in business, corporate,
investor, human resources & payroll, and corporate trust & debt
services. Tricor provides the building blocks for, and catalyzes every
stage of clients’ business growth, from incorporation to IPO. Tricor has
had a rapid expansion through organic growth and development as well as
partnerships, mergers and acquisitions. The Group today has over 30,000
clients globally, a staff strength of over 2,400 and a network of
offices in 40 cities across 21 countries / territories. Our client
portfolio includes over 1,300 companies listed in Hong Kong, ~500
companies listed in Singapore and Malaysia, and more than 40% of the
Fortune Global 500 companies, as well as a significant share of
multinationals and private enterprises operating across international
markets. In March 2017, the Permira Funds became the controlling
shareholder of the Tricor Group, alongside management.

Visit: www.tricorglobal.com

Contacts

HONG KONG (GROUP OFFICE)
Sunshine Farzan
Tricor
Services Limited
Group Head of Marketing & Communications
Tel: +852
2980 1261
Email: Sunshine.Farzan@hk.tricorglobal.com