Reference date

2021(yyyy)
Form 21-2 (Article 246-3)

12(mm)

31(dd)(letter)Business reports for the XX term

From: 01/01/2021
To: 12/31/2021

Submitted on 03/31/2022
Name of Business:

CMH General Partner, Ltd.

(Principal Business Office)c/o CMH Capital Co., Limited
Suites 1604-09, Three Pacific Place,
Address or location: 1 Queen's Road East , Hong Kong
(Registered address of the head office)
PO Box 309, Ugland House, Grand
Cayman, KY1-1104, Cayman Islands
Kwok Tak Wang, Director
Name:(Name and Title of the Representativein the case that notifier legal status is corporation)(Note)A person who has submitted a written notification referred to in Article 63, paragraph (2) or Article 63,
paragraph (8) of the FIEA while also entering the former name in the relevant document may enter theformer name in the parentheses together with the present name or only the former name in the namecolumn until the person files a notification to change the former name entered in these documents.
1. Operational status of business(1) Date of notification①Notification in accordance with FIEA Article 63(2) or Article 63-3(1)Date: 10/21/2014②Notification in accordance with Article 48(2), (4) or (6) of the Supplementary
Provisions of the Act to Partially Amend the Securities and Exchange Act (Act No. 65of 2006)

Date:mm/dd/yyyy
平成20年４月22日

該当なし(2) Type of current business operationsSPBQII(Investment manangement)(3) Overview of business operations in the current term
CMH General Partner, Ltd. established CMH Growth Fund, L.P. to make cross-border private
equity investments principally in Chinese companies and selectively in Japanese companies. Inaddition, the Fund will focus on investing in companies which have the potential to be strategic
business partners for Japanese companies which intend to expand their business in the PRC(including Hong Kong and Macau) and have a competitive advantage.

(4) Information provided in the Explanatory document
1. Information provided in Form 21-3
2. Information provided in the Business report(5) Summary of matters resolved at the general shareholders meeting(6) Status of corporate officers and employees① Number of corporate officers and employees
Corporateofficers

Employees
4

TotalTotalof which part-time404② Status of corporate officers
PositionNames

DIRECTOR

Kwok Tak Wang

DIRECTOR

Guo Jian

DIRECTOR

Tsubaki Susumu

DIRECTOR

Shigeki Usuki③ Status of the representatives in Japan or agents in Japan
Name of Business
Address or location
or Name
New Frontier Capital
1-105 Kanda Jinbocho,
International Management
Chiyoda-ku, Tokyo
Co.Ltd.

Phone
81-3-5244-5912④ Status of performance-linked remuneration for corporate officers
Status of performance-linked remuneration for corporate officers(7) Status of the principal business office, and business offices where Specially Permitted
Businesses for Qualified Institutional Investors, etc.(“SPBQII”) are operated
Name
Principal Business Office
Registered Address

Total 2locations

Location

Number ofCorporate officers
and employees

c/o CMH Capital Co., LimitedSuites 1604-09, Three Pacific Place, 1PO Box 309, Ugland House, Grand
Cayman, KY1-1104, Cayman Islands

40Total4.

※Indicate in the column below if there have been changes in the status of business offices, etc.
(Write the reason here if the total number of corporate officers and employees does not matchthe total number in (6)①)

(8) Status of shareholders
Name of Business
Address or locationor Name
New Frontier Capital
Level 11, Admiralty Centre, Tower 2, 18
Management (Hong Kong) Co., Harcourt Road, Admiralty, Hong Kong

Percentage

35.10%

Mizuho Securites Co., Ltd.

1-5-1 Otemachi, Chiyoda-ku, Tokyo

14.90%

China Great Bay Area FundManagement Co., Limited

Suites 1604-09,Three Pacific Place, 1Queen's Road East, Hong Kong

50.00%

Number of Other
Shareholders (Total3)．

(9) Status of external auditing
Name or business name of thecertified public accountants orauditing firms

100.00%Details of auditingReference date2021(yyyy)

12(mm)

31(dd)(10) Status of private placement of securities equivalents related to FIEA Article 2(2)(v) or (vi) (excludingElectronically Recorded Transferable Rights That Must Be Indicated on Securities, etc.)
Number of Funds

Class

Contracted amountof which, theinvestors areQualified
Institutional
Investors (“QIIs”)
onlyof which, the investors
are QIIs only

(million yen)(million yen)

Related to FIEA
Article 2(2)(v)
Related to FIEA
Article 2(2)(vi)
Ｔotal(10-2) Status of private placement of securities equivalents related to FIEA Article 2(2)(v) or (vi) (limited toElectronically Recorded Transferable Rights That Must Be Indicated on Securities, etc.)
Number of Funds

ClassContracted amountof which, theinvestors are
Qualified
Institutional
Investors (“QIIs”)
onlyof which, the investors
are QIIs only

(million yen)(million yen)

Related to FIEA
Article 2(2)(v)
Related to FIEA
Article 2(2)(vi)
Ｔotal(11) Status of business operations related to acts specified under FIEA Article 63(1)(ii)① Status of internal control
Our advisor of the fund, CMH Capital Co., Ltd., is under the supervision of Hong Kong Securities andFuture Commission(HKSFC), which imposes requirements regarding the monitoring of internal andexternal risks as well as potential conflicts of interests. There is also a risk managment report submiteted
to the HKSFC on a quarterly basis.

(Note)
Please describe the status of how you control investment management including how risk andinformation are managed, as well as measures to prevent conflicts of interest.

② Status of fund launches and redemptions
End of previous term
Number ofFunds

Total principal

Numberof fundlaunchesEnd of current term
NumberChange inof fundprincipal during Number ofredempTotal principal
current term Funds
tions(m. yen)(m. yen)

7,644

910

1(m. yen)
1

8,555(Note)
Please enter, regarding funds being managed, the balance at the end of the previous term; newlaunches, redemptions and changes in the principal amount during the current term; and the balance atthe end of the current term.
③ Status of inclusion of financial instruments that are self-issued or issued by affiliates
Total assets undermanagementof which, the amount of self-issued
financial instruments(m. yen)(m. yen)of which, the amount of financial
instruments issued by affiliates(m. yen)％％

Percentage(Note)
Please enter the amounts of financial instruments that are self-issued or issued by affiliates (i.e., parent
corporations, etc., subsidiaries, etc., or related Foreign Juridical Persons, etc. specified under Article
126(iii); the same applies hereafter in ④ and (12)) and the percentage of these figures in the total
investment assets, with digits beyond the second decimal place rounded down.

④ Status of investment in funds from investment assets
Type of invested fund

Person calculating the value

Name, etc. of affiliates who are included infund-related persons(Note)
1. Enter this section if invested fund-related persons include affiliates. Invested fund-related persons
include (a)issuers of the relevant financial instruments (referring to relevant financial instruments
specified under Article 130(3); the same applies hereafter in this Note); (b)persons who perform importantbusiness operations related to the management of assets invested or contributed by persons who haverights related to the relevant financial instruments ("fund assets" hereafter in 1.); (c)persons who perform
important business operations related to the storage of fund assets; (d)persons who perform business
operations relating to the auditing of fund assets; and (e)persons who perform important business
operations related to matters regarding methods for calculating the values of the relevant financial
instruments or methods of reporting the values thus calculated, excluding business operations related tomanagement, storage and auditing of fund assets.
2. If investment assets are invested in the relevant financial instruments, classify them according to thetypes of invested funds (referring to the types of the relevant financial instruments), and enter the trade
names or names of the persons who perform the calculation of values of the respective financialinstruments, as well as the names of business or names of the respective affiliates and the roles andrelationships to the notifier of such persons.
3. Please enter in this section information regarding funds related to the relevant financial instruments
whose value represents at least 1 percent of the total value of the relevant financial instruments thatrepresent the value of the total invested value as of the record date.

(12) Status of the fundNames of theInvested Business CMH Growth Fund L.P.
Equity(Type of instrument)
Details of theInvested Business(Contents)
The fund provides growth capital to companies inindustrial , service business and other consumption-driven
sectors in China.

Other

Types of theInvested Business
EquityRights based on laws and regulations of a foreign state

Launch date

5/15/2015

Types of business
operations

Private placement and/orinvestment management

Type of notification

Investment management

Old Article 63

Period of private
placement
Locations of theaccounts into which
Cayman Islands
investment moneyis paid
Flow of funds

Based on the capital call request by GP, LP will remit the money to the fund accountat Mizuho Bank Singapore branch. GP manages the account on behalf of the fund.

Duration

5/15/2015; ongoing
Types of investors

Number of investors

QIIs

4of which, individuals

Status of investors
Investors other than QIIsof which, individuals
Total4Type

Types of maininvestors

Percentage of investment

1

Financial Instruments Business
Operators, etc.

22.14％

2

Financial institutions, etc.

22.14％

3

Business corporation, etc.

13.29％

5,171,147,960

yen

60.61

％

Amount ofAmount of investment
investment by QIIs
and the percentage
Percentage of investment
thereofName of Business or NameClass
1Amount of investment

Japan Bank for International Cooperation
COORD (xiii)
1,988,903,064

Amount specified under Article234-2(1)(i)Name of Business or NameClass
2Amount of investment

yenMizuho Securities Co., Ltd.
COORD (i)1,988,903,064

Amount specified under Article234-2(1)(i)Name of Business or NameClass3

Amount of investment

Class4

Amount of investment
Amount specified under Article234-2(1)(i)

yen
yen

Tokyo Century Corporation
COORD (xxiii)(a)994,451,527

Amount specified under Article234-2(1)(i)Name of Business or Name

yen

yen
yen

SBI Capital Management Co.Ltd.
COORD (xxiii)(a)198,890,306

yen
yen

Name of Business or NameClass5
Status of QIIs

Amount of investment

yen

Amount specified under Article234-2(1)(i)yenName of Business or NameClass
6

Amount of investment

yen

Amount specified under Article234-2(1)(i)yenName of Business or Name
Class
7

Amount of investment

yen

Amount specified under Article234-2(1)(i)yenName of Business or Name
Class
8Amount of investment

yen

Amount specified under Article234-2(1)(i)yenName of Business or NameClass
9Amount of investment

yen

Amount specified under Article234-2(1)(i)yenName of Business or NameClass
10 Amount of investment
Amount specified under Article234-2(1)(i)

yen
yen

Type

Amount ofinvestment

NumberCentral government, localgovernments, etc.
Financial instruments business
operators, etc.
Financial institutions, etc.
Business corporations, etc.
Status of investorsother than QIIs
Individuals
Foreign corporation orforeigners, etc.
Persons in close relationships
Persons having expertise andexperience in matters related
to investment
OtherClass

Amount
70
7,813
7,513

m.yen
m.yen
m.yen
m.yen
m.yen
m.yen
m.yen
m.yen
m.yen
m.yen
m.yen
m.yen
m.yen
m.yen

total

7,883

m.yen

Long positions

Status of futurestransactions
Main invested
assetsGeographical areasof investments

％

m.yen

％

m.yen％

m.yen％

m.yen％

m.yen％

m.yen

％

m.yen

％

m.yen％

Short positions
m.yen

1

Class
Shares (unlisted)m.yen
Percentage
0.95300996％

2

Shares (listed)

0.038073564

％

3

Other

0.008916475％

Asia
Counterparty

Transaction amount
m.yen
m.yen

Status ofcounterparties for
Acts of Financial
Instruments
Transactionm.yen

Remarks

Cash
Securitiesof which non-listed stocks
Derivatives assets

Asset make-up of
the fund

Percentage ofinvestment

m.yen
m.yen
m.yen
m.yen
m.yen
m.yen
m.yen
m.yen

Remarks

8,555

m.yen

910

m.yen

Net assets

7,835

m.yen

Net assets (a yearago)

5,362

m.yen

Total assets

7,883

m.yen

Total invested
amountDividends (amountpaid out)

（Dividend yield

Total amount of dividends
paid out in the past year

％

56

m.yen

Total cumulative amount ofdividends since launch
1,402

m.yen

Assumed dividend,
etc. yield％

Amount cancelled

m.yen

units

persons

Amount redeemed

m.yen

units

persons

Existence of persons specified
under the items of Article 233-3(“yes” or “none”)
Existence of borrowing or debt
guarantee
Whether persons
Name or businessspecified under thename of the certified
items of Article
public accountants
Status of233-3 are amongor auditing firms
the counterparties audits
Details of audits
Status of reports specified
under Article 239-2(1)(x)）

Reference date

2021(yyyy)
2. Status of accounting

12(mm)

31(dd)The notifier is required to create and submit balance sheets and profit and loss statements.
However, if the notifier has made its notification as a member of a partnership, etc., that does
not have judicial personality, it is required to submit balance sheets and profit and loss
statements of the partnership, etc. A notifier who is an individual can substitute this bysubmitting documents bearing information items that are required to be included in the final
return form.

CMH General Partner, Ltd.
Management accountStatement of Profit or Loss
Revenue
Costs of sales
Gross profit
Other income- interest income from bank- investment income (realized)- investment income (unrealized FV change)- others
Admin expenses
Finance costs- loan interest expenses- exchange gain / (loss)- others
Profit / (loss) before tax
Income tax expenses
Profit / (loss) for the year
- attributable to owners- attributable to non-controlling interest(in USD)主营业务收入主营业务成本毛利
其他收入- 銀行利息收入- 投资收益(已变现)- 投资收益(未变现)
- 其他
管理费用
财务费用- 借款利息支出- 汇兑净收益/(净损失)- 其他稅前利潤所得税费用净利润归属于母公司净利润归属于少数股东权益净利润

in USD2021 YTD
1,265,664.01(1,166,778.02)
98,885.99(579,972.16)(2,077.91)(2,034.69)(485,198.77)(485,198.77)(485,198.77)

CMH General Partner, Ltd.
Statement of Financial Position
Current assetsFinancial assets- fair value through profit or loss
- others
Account receivables
Amounts due from- holding companies / shareholders- subsidiaries- fellow subsidiaries- Fund- General Partner- Fund Manager- Advisor
Other receivables
Others current assets
Bank balances

流动资产金融资产
- 其他
应收款
其他应收款
- 母公司
- 子公司
- 其他關聯公司- 基金- 普通合伙人
- 基金管理人- 基金顧問- 其他其它流动资产
货币资金in USD
2021 YTD
361,102.16-

400,000.00

158,506.28

919,608.44
Current liabilities
Financial liabilities
Account payables
Amounts due to- holding companies / shareholders- subsidiaries- fellow subsidiaries- Fund- General Partner- Fund Manager- Advisor
Other payables
Bonus payables
Other payables (advisory +insurance)
Other payables (cmc mid back office)

流动负债
金融負債
应付款
其他应付款
- 母公司
- 子公司
- 其他關聯公司- 基金- 普通合伙人
- 基金管理人- 基金顧問
- 其他
应付奖金
- 其他
其它流动负债

971,946.84
2,087,530.59
1,975,649.55

369.60111,511.44
1,652,061.12

4,711,538.55
Net current assets (liabilities)

淨流动资产(负债)(3,791,930.11)

Net assets (liabilities)淨资产(负债)(3,791,930.11)

Capital and reserves
Share capital
Retained profits b/f
Profit or loss
Equity attributable to owners
Non-controlling interest
Total equity

所有者权益实收资本/股本
前期未分配利润本期利润归属于母公司所有者权益合
少数股东权益所有者权益合计10,000.00(3,316,731.34)(485,198.77)(3,791,930.11)(3,791,930.11)