Invest in Solar Farm and Hydropower Infrastructure Developments; Develop Coffee Trading and Gold Mining Projects

�

Regional and Provincial
Government of Peru Hong Kong Office Opens�to Promote Sino-Peru Trade Cooperation and
Cultural Development

�

HONG KONG, CHINA
-�Media OutReach�- 8 August 2019 - The Regional
and Provincial Government of Peru Hong Kong Office ("the Office") announced
the signing of six Memorandums of Understanding ("MOUs") with Hong Kong and
mainland Chinese enterprises for projects in such diverse sectors as solar
energy, hydropower station construction, coffee trading, and gold mining,
establishing a strong foundation for the long-term collaboration between China
and Peru. Asia Cosmos Group Limited
("ACG") announced on the same day that it has received authorization from the
provincial municipalities of Chanchamayo and Utcubamba of Peru to support
commercial exchange between Peru and China in Hong Kong SAR, Macau SAR, and
mainland China. It will facilitate the development of tourism, agricultural products,
trade, and technology, as well as to attract investment to projects in Peru and
promote Peruvian culture.

�

Under the auspices of PeruCham and ACG, the Regional and Provincial
Government of Peru Hong Kong Office was officially opened today. Its principal
duty is the promotion of the provincial municipalities of Chanchamayo and
Utcubamba in Hong Kong SAR, Macau SAR, and the Greater China area in order to
strengthen bilateral trade, in addition to inducing investments for a wide
range of projects encompassing agriculture, trade, technology, and tourism.

�

Mr. Jose Eduardo Mari�o
Arqui�igo, Mayor of the Provincial Municipality of Chanchamayo, said, "Peru is endowed with rich natural resources and
agricultural goods, the promotion and development of which the regional and
provincial governments have always fully supported. With the full endorsement
from Chinese enterprises, we have signed MOUs to promote Peru's coffee culture,
and set up a coffee inspection center and free trade inspection area, which
will facilitate the development of local industries in Peru. The collaborations
mark an important gesture symbolizing the friendship between Peru and China."

�

Mr. Hidelfonso Guevara
Honores, Mayor of the Provincial Municipality of Utcubamba, said, "As China's economic growth flourishes, it has become a
major player in international trade. We are delighted to sign a MOU with a
Chinese enterprise for a solar energy project. As at May 2019, Peru has
generated 14,900 megawatts of renewable energy, which is a vital resource
project that Peru is dedicated to develop. We believe that bilateral trade
between Peru and China will continue to grow going forward. At the same time,
we can learn from China's experience to enhance Peru's economic prowess."

�

The MOUs announced on this occasion covered such diverse sectors as
infrastructure, cultural products, agriculture, and mining. The projects
include the hydropower station construction project with Beijing Hongxiao
Xinghua Technology Co., Ltd., the solar energy project with Wanke Energy
Technology Co., Ltd., the project for coffee distribution, promotion of coffee
culture, and establishment of a coffee inspection center and free trade
inspection area with Hong Kong Encash Investment Company Limited, and the gold
mining project with Cyber Credit Technology (Hong Kong) Limited.

�

To commend individuals who have given outstanding contributions to
Peru's economic and trade development, the Office also held an honors
presentation ceremony. Mr. Hidelfonso Guevara Honores and Mr. Jose Eduardo
Mari�o Arqui�igo presented honorary medals to recipients in recognition of
their important contributions to Peru.

�

Ms. Wan Yuk Chee, Chairman
of Asia Cosmos Group Limited, said, "I am honored
to accept two Medals of Honor from Peru. Peru is one of the fastest-developing
countries in South America. The Peruvian government has been actively
introducing policies that create an investor-friendly environment. During the
year from 2017 to 2018, the foreign direct investment Peru received grew from
US$6.8 billion to US$8 billion, which demonstrated how foreign countries
recognize Peru's development potential. I look forward to the investors in Hong
Kong, Macau, and China getting to know Peru's wide-ranging prospects better,
and invest in the country from a global perspective."

�

List of Honorees:

About the Regional and Provincial Government of Peru Hong Kong Office

The principal duty of the Regional and Provincial Government of Peru
Hong Kong Office is the promotion of the provincial municipalities of
Chanchamayo and Utcubamba in Hong Kong, Macau, and the Greater China area in
order to strengthen bilateral trade. Its other responsibility is to attract
investments for a wide range of projects encompassing agriculture, trade,
technology, and tourism. Peru is one of the fastest-developing countries in
western South America. Foreign direct investment in Peru reached US$6.8 billion
in 2017 and US$8 billion in 2018, mainly focusing on mining, financial,
electricity, telecommunications, and industry sectors.

About Asia Cosmos Group Limited

Asia Cosmos Group Limited (ACG), established in 2008, is a
comprehensive enterprise focusing on finance, management consulting, trade
developments, and innovative technology. The Group has a global market presence
across Greater China, Asia Pacific, America and Europe. ACG is positioned as a
pioneer in investing in high growth companies and industries such as innovative
technology, renewable energy, and natural resources. Through the Group's strong
networks, we help corporate clients to increase the value via business
partnership, consolidation with our invested companies, merge and acquisition,
etc. We offer management consultancy services to enable our business partners
to further enhance their internal control system, strengthen their corporate governance,
streamline their business operation and expand their distribution networks.

�

ACG aims to provide support and value-added services to our
individual and corporate clients for long-term growth, and will continuously
take innovative technology industry and the Belt and Road policy as ample
opportunities which the Group has been focusing on.