Last updated on April 19, 2014 at 9:20 EDT

Infinity Group Partners with COFCO To Establish Beijing Eco-Valley, the First Sino – Israeli ‘Smart Agricultural City’

May 3, 2013

Infinity signs investment and operation agreement with the City of Beijing and COFCO in prelude to Israeli Prime Minister’s Visit to China Next Week

BEIJING, May 3, 2013 /PRNewswire/ –

Infinity Group, a cross-border, private equity platform and its partner the LR Group ,
announced today that is has committed to taking part in building and financing the new
Beijing Eco-Valley Project, the first Sino-Israeli ‘smart’ agricultural city. The Project
is a joint initiative between Infinity Group, food industry giant COFCO Group, and the
City of Beijing, with the support of the Israeli Government. COFCO is one out of five top
Chinese brands worldwide. Infinity and the LR Group will participate in an investment in
Eco-Valley and its agricultural project in excess of 1B RMB out of a planned 10B RMB for
the long term. The total size of Eco-Valley will be 11.2 Sq. kilometers.

The announcement was made at a signing ceremony this morning in Beijing, two days
before the arrival to China next week by Prime Minister of Israel Benjamin Netenyahu. This
will be the first visit to China by an Israeli prime minister since 2007. During his
visit, Prime Minister Netanyahu is scheduled to promote business between China and Israel.

Today’s ceremony was attended by His Excellency, Ambassador to China from Israel, Mr.
Matan Velnai, Chairman of the Board of COFCO Group, Mr. Ning Gaoning, Vice Chairman of
COFCO Group, Mr. Zhou Zheng, Managing Partner of Infinity Group, Mr. Amir Gal-Or and the
District Mayor of Fangshan, Beijing, Mr. Qi Hong.

According to the agreement, the aforementioned will collectively contribute to
building and promoting Eco-Valley. Residents will support the advancement of agricultural
development and share the value produced by the local R&D center and local technology
innovation. COFCO plans to use agri-tech and resources provided by Infinity’s network of
technology and know-how to improve food quality. Infinity and LR will also provide a
professional team for Eco-Valley’s agricultural operation. Project features are to include
high-end agricultural production, high-tech demonstrations, an ecological landscape,
agriculture tourism, resort hotels, as well as commercial and residential properties.

Ambassador Velnai said, “This model of cooperation is a symbol of China-Israel
cooperation in the area of technology, agriculture and innovation. Many companies are
expected to take part is such a dream.”

Chairman of the Board of COFCO Mr. Ning Gaoning said, “The Eco-Valley project is a new
model which combines agriculture, industry and service to promote value and to create
harmony between human beings and nature. We intend to be responsible for the people, the
environment and the earth by developing safer and healthier food. Concurrently, we will
actively explore the issues of agriculture and farming in the rural areas, with the
interest of striking a balance between urban and rural and building a new countryside. We
believe the Eco-Valley project will be driven by Israel’s advanced agricultural technology
with the support of Infinity Group. With the close relationship between Israel and China
and the efforts of Ambassador Velnai, we hope more and more Israeli companies and advanced
agricultural technology will be introduced to China to promote a win-win for the companies
of the two countries.”

District Mayor of Fangshan, Beijing City, Mr. Qi Hong said, “The Eco-Valley project is
the key project for increasing the quality of agriculture in the Fangshan District. We
believe that the introduction of Israel agri-tech along with Infinity’s support, will help
perfectly to successfully implement this project.”

Amir Gal-Or, founder and managing partner of Infinity Group said, “Since 2003,
Infinity Group has trail-blazed the area of Chinese-Israeli technology and innovation
cooperation. Though others have followed, it is Infinity Group that has always led the way
in terms of vision and implementation of new concepts and entities like the IP Bank. Today
we are very pleased to announce our most recent initiative, the ‘smart agricultural city’,
intended to take innovation cooperation to the next level. We are also extremely proud
that the first smart agricultural city, of hopefully many to come, is built on the
foundation of a strong partnership with industry leader COFCO. 20% ownership in the
Eco-Valley project is an attractive investment.”


COFCO is the largest supplier of diversified products and services in the agricultural
products and food industry in China. It is devoted to utilizing renewable natural
resources to provide healthy and nutritious food, high quality lifestyle and services, as
well as contributing to improve people’s living standards, social prosperity and
stability. Holding the belief that “Natural Resources, Source of Nature Reshapes You and
Me”, COFCO strives to promote its cooperation with global partners in the course of
transformation and development. By building a “Fully Integrated Agri-food Company”, COFCO
will provide real and long-standing value for its customers, shareholders, employees and
other stakeholders. COFCO is the only grain, oil and food manufacturing company in China
to be listed on the Fortune 500. It has been on the list for 19th consecutive years. For
more information: http://www.cofco.com/en

About Infinity Group

Infinity Group, which in 2013 is celebrating 10 years of actively working in China, is
a cross-border platform known for its strong roots in China, its vast, global network of
technology and innovation, and its “China Outbound” initiative, which supports Chinese
companies with an interest in international business. It is also the founder of the
Infinity IP Bank, the hub for IP development and commercialization in China. To date, the
IP Bank has led 10 cross-border deals. Infinity Group currently manages RMB 10 billion and
100 portfolio companies, through 17 local RMB funds throughout China, making Infinity the
owner of more RMB funds than any competitor. Infinity employs 80 industry professionals
and to date has made 100 deals and 25 successful exits. Sectors of focus include:
information technology, medical device and services, water clean tech, agriculture and
materials. Infinity currently has offices in Beijing, Changzhou, Chengdu, Chongqing,
Harbin, Hong Kong, Hongze, Jining, New York, Nanjing, Ningbo, Shanghai, Shijiazhuang,
Suzhou, Suqian, Tel Aviv, Tianjin, Xiamen and Yangzhou. For more information, please visit
http://www.infinity-equity.com .

Press Contacts:

Marjie Hadad, marjie.hadad@infinity-equity.com, +972-54-536-5220 For Chinese
language inquiries: Joey Zhu, joey.zhu@infinity-equity.com, +86-136-0121-2411

SOURCE Infinity Group

Source: PR Newswire