Reference date2020
(yyyy)

12(mm)

31(dd)

Form 21-2 (Article 246-3)(letter)Business reports for the XX term

From: 01/01/2020
To: 12/31/2020

Submitted on 03/31/2021
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
Name:

Kwok Tak Wang, Director(Name and Title of the Representativein the case that notifier legal status is corporation)
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
4TotalTotalof which part-time404② Status of corporate officers
Position

Names

DIRECTOR

Kwok Tak Wang

DIRECTOR

Zhang Rizhong

DIRECTOR

Tsubaki Susumu

DIRECTOR

Shigeki Usuki③ Status of the representatives in Japan or agents in Japan
Name of Business
Address or locationor Name
New Frontier Capital
1-105 Kanda Jinbocho,
Management Co.Ltd.
Chiyoda-ku, TokyoPhone
81-3-5244-5910(7) Status of the principal business office, and business offices where Specially Permitted
Businesses for Qualified Institutional Investors, etc.(“SPBQII”) are operated
NamePrincipal Business Office
Registered Address

Total 2 locations

Location

Number ofCorporate officers
and employees

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

40Total 4 .

※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 match thetotal number in (6)①)

(8) Status of shareholders
Name of Businessor NameAddress or location

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 date2020(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

ClassContracted amountof which, theinvestors are
Qualified
InstitutionalInvestors (“QIIs”)
onlyof which, theinvestors 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) (limitedtoElectronically Recorded Transferable Rights That Must Be Indicated on Securities, etc.)
Number of Funds

ClassContracted amountof which, theinvestors are
Qualified
Institutional
Investors (“QIIs”)
onlyof which, theinvestors 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
and Future Commission(HKSFC), which imposes requirements regarding the monitoring ofinternal and external 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

1

Numberof fundlaunches

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

7,800▲ 155(m. yen)
1

7,645

(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 thebalance at the end of the current term.
③ Status of inclusion of financial instruments that are self-issued or issued by affiliates
Total assets undermanagement(m. yen)of which, the amount ofof which, the amount of self-issued
financial instruments issued byfinancial instruments
affiliates(m. yen)(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 thesefigures 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 areincluded in fund-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)personswho perform important business operations related to the management of assets invested orcontributed by persons who have rights related to the relevant financial instruments ("fund assets"hereafter in 1.); (c)persons who perform important business operations related to the storage offund 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 to management, storage and auditing offund assets.
2. If investment assets are invested in the relevant financial instruments, classify them according
to the types of invested funds (referring to the types of the relevant financial instruments), andenter the trade names or names of the persons who perform the calculation of values of therespective financial instruments, as well as the names of business or names of the respective
affiliates and the roles and relationships 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 that represent the value of the total invested value as of the record date.

(12) Status of the fund (excluding Electronically Recorded Transferable Rights That Must Be Indicated onSecurities, etc.)
Names of theInvested Business
Equity

CMH Growth Fund L.P.
(Type of instrument)

Details of theInvested Business(Contents)
The fund provides growth capital to companies in industrial ,service business and other consumption-driven sectors inChina.

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/or
investment management

Type of notification

Investment management

Old Article 63

Period of private
placement
Locations of theaccounts into which
Cayman Islands
investment money ispaid
Flow of funds

Based on the capital call request by GP, LP will remit the money to the fund account atMizuho 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
Total

4
Type

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％

4,626,148,137

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)
1,779,287,747

Amount specified under Article234-2(1)(i)Name of Business or NameClass2

Amount of investmentyenMizuho Securities Co., Ltd.
COORD (i)1,779,287,747

Amount specified under Article234-2(1)(i)Name of Business or Name
Class
3Amount of investment

Class4

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

yen
yen

Tokyo Century Corporation
COORD (xxiii)(a)889,643,869

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

SBI Capital Management Co.Ltd.
COORD (xxiii)(a)177,928,774

yen
yen

Name of Business or NameClass
5
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)yenyenType

Amount ofinvestment

NumberCentral government, localgovernments, etc.
Financial instruments business
operators, etc.

Status of investorsother than QIIs

m.yen

％

m.yen

％

Financial institutions, etc.

m.yen

％

Business corporations, etc.

m.yen

％

Individuals

m.yen

％

Foreign corporation orforeigners, etc.

m.yen

％

m.yen

％

m.yen

％

m.yen

％

Persons in close relationships
Persons having expertise andexperience in matters related toinvestment
OtherClassAmountCash
Securitiesof which non-listed stocks
Derivatives assets
Crypto assets
Capital contribution receivables

57
5,280
4,963

total

5,434

97

Asset make-up of
the fundGeographical areasof investments

Remarks
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
m.yen
m.yen

Long positions

Status of futurestransactions
Main invested
assetsShort positions

1

m.yen
Class
Shares (unlisted)m.yen
Percentage
0.91％

2

Shares (listed)

0.06％

3

Other

0.01％

Asia
Counterparty

Transaction amount
m.yen
m.yen

Status ofcounterparties for
Acts of Financial
Instruments
Transaction

Percentage ofinvestment

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

Remarks

7,645m.yen-155

m.yen ）Net assets

5,362

m.yen

Net assets (a yearago)

6,704

m.yen

Total assets

5,434

m.yen

Total invested
amountDividends (amountpaid out)

（Dividend yield

Total amount of dividends
paid out in the past year

％

1,208

m.yen

Total cumulative amount ofdividends since launch
1,208

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
specified under theitems of Article 233Status of
3 are among theaudits
counterparties

Name or businessname of the certified
public accountants orauditing firms
Details of audits

Status of reports specified underArticle 239-2(1)(x)Reference date2020
(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in USD2020 YTD
1,272,223.67(1,201,527.30)
70,696.37(624,439.33)(635.29)(2,250.97)(556,629.22)(556,629.22)(556,629.22)

in USD
2020 YTD

CMH General Partner, Ltd.
Statement of Financial Position
Current assets
Financial 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
- 指定为以公允价值计量且- 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Current liabilities
Financial liabilities
Account payables
Amounts due to- holding companies / shareholders- subsidiaries- fellow subsidiaries- Fund- General Partner- Fund Manager- Advisor
Other payables

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

Net current assets (liabilities)

淨流动资产(负债)(3,303,045.67)

Net assets (liabilities)淨资产(负债)(3,303,045.67)

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
少数股东权益所有者权益合计

10,000.00(2,756,416.45)(556,629.22)(3,303,045.67)

639,587.87-

300,000.00
74,864.14
1,014,452.01
901,483.15
2,116,778.86
2,005,649.55
369.60110,759.71
1,299,235.67
4,317,497.68(3,303,045.67)