EMAIL DETAILS

Eric D. Schwerin
1010 Wisconsin Avenue NW
Suite 705
Washington, DC 20007
(202) 333-1880
eschwerin@burnhamfinancial.com<mailto:eschwerin@burnhamfinancial.com>


Begin forwarded message:

From: Jay Li <jayli001@gmail.com<mailto:jayli001@gmail.com>>
Subject: Re: Beijing
Date: September 30, 2015 at 9:59:28 AM EDT
To: "Archer, Devon" <darcher@burnhamfinancial.com<mailto:darcher@burnhamfinancial.com>>
Cc: Russell Echlov <rechlov@rmbcap.com<mailto:rechlov@rmbcap.com>>, Jason Sugarman <jsugarman@camdencap.com<mailto:jsugarman@camdencap.com>>, yingkui <yingkui@sinowel.com<mailto:yingkui@sinowel.com>>, "Fareed, Martha" <mfareed@burnhamfinancial.com<mailto:mfareed@burnhamfinancial.com>>, "Godfrey, Andrew" <agodfrey@burnhamfinancial.com<mailto:agodfrey@burnhamfinancial.com>>, "Schwerin, Eric" <eschwerin@burnhamfinancial.com<mailto:eschwerin@burnhamfinancial.com>>


Dear Devon and All：

We were very pleased to have the opportunity to meet with Mr. Biden, and Mr. Schwerin in your DC office today, thank you for making your time available for this meeting and the information you have shared with us.

As we know, we had met your team in NY office in May this year and Devon and Jason also visited our office in BJ, China. The information you shared during the last meeting in BJ was very helpful. We do believe that Burnham and Sinowel have complementary advantages to establish a good work relationship and to help Chinese HNWI investing in US .

As an independent wealth management company, Sinowel Financial Group has a nearly 10 years wealth management experience in China, combined with two year of overseas products test. We truly believe that Chinese HNWI investors do have a very strong demand to diversify their investment portfolio overseas especially investing in US.

Based on the experience of working with our HNWI investors, we can discuss the following major concerns for HNWI overseas investment:

1, HNWIs prefer to have the well-known, long history with good track records asset management team/company to manage their investment.
2, To seeking the high investment returns is no longer HNWI’s first priority, diversifying investment portfolio with global presence, reducing the investment risk and using the oversees investment as a vehicle for family heritage trust become more important . The investors may willing to increase their investment stake in high-yield products associate with the higher risk after building up some confidence from their initial overseas investment experience.
3, Due to lack of investment knowledge of US financial market, the transparence and detailed product information, the consistent professional service become critical important for investor’s decision making.

Based on the above concerns, we suggest that we can prepare the discussion on the following points:
1, Based on the product information (mainly mutual fund) shared with Sinowel during NY and BJ meeting, we can further discuss other product line and investment opportunities that Burnham offers, such as fixed income, real estate, funds with the large core assets, equity investment fund, hedge fund, FOF etc.. Sinowel FA and our investors are familiar with above mentioned investment products.
2, It would be great if Burnham can share with us some product information associate lower risk and stable return. This type of products will fit the needs of our investors who have no prior overseas investment experience.
3, The well defined investment objective, transparency, tax advantages will be particularly important for HNWI investors.
4, With Burnham’s extensive knowledge and experience in asset management field, Sinowel would certainly like to learn more about the process Burnham handle the individual and institutional investors. So we can work together to design the suitable investment process for Chinese investors in the future.

For work relationship between Burnham and Sinowel, we have the following suggestions for our discussion if time permits, but we are open to any suggestions that you may have.
1, We can have an initial talk on the cooperation structure between Burnham and Sinowel. Sinowel has been working with US VCs and China large financial groups since Sinowel establishment. It shouldn’t be too hard for us to work on the legal structures and other issues.
2, In order to improve the work efficiency, we suggest that Burnham and Sinowel assign a point of contact person from each company for the following up communication in the future.

3, For discussion purpose, we can consider the following ways to achieve our cooperation:
A) Sinowl, as an institutional investor, raise money from Chinese investors to invest in Burnham’s project/funds in accordance with the requirements of the financial products. In other words, Sinowel is responsible for setting up the fund in China and raise the capital as required while Burnham is responsible for investing the money in the project/US funds, providing account management, performance reports and other necessary professional services;
B) Establish a JV or partnership. We can jointly design products and marketing strategy, provide financial services etc;

Due to the time constraint, our suggestions may look too straight forward. But our goals are same: high efficiency, grasping the opportunity, cooperation and win-win!

We would like to meet you and you team in NY to have more discussion on these issues. Mr.Liu and Jay will be available on this Friday and next Tuesday to Thursday. Would you please let us know your availability for the meeting, we can make our schedule adjustment accordingly. Thanks and look forward to talking to you in NY.

Very Best,

King Liu


On Mon, Sep 28, 2015 at 9:22 PM, Archer, Devon <darcher@burnhamfinancial.com<mailto:darcher@burnhamfinancial.com>> wrote:
Jay,
Just confirming that you received the correction and you will be meeting tomorrow Tuesday the 29th in our DC offices with Mr. Biden and DC Partner, Eric Schwerin. To answer your follow up question, I will be in NYC for the balance of the week and available at your convenience.
Very Best,
Devon

Devon D. Archer
(+1) 646 436 3745<tel:%28%2B1%29%20646%20436%203745>

On Sep 27, 2015, at 7:24 PM, Jay Li <jayli001@gmail.com<mailto:jayli001@gmail.com>> wrote:

Thanks Devon. We will meet with Mr. Biden at your DC office on Monday at 10:30am and will schedule a meeting with you in NY sometime next week.
You have a safe trip to Chicago.

Btw, when will be back to NY from Chicago?

Best,

Jay

On Mon, Sep 28, 2015 at 2:12 AM, Archer, Devon <darcher@burnhamfinancial.com<mailto:darcher@burnhamfinancial.com>> wrote:
Jay,
I have scheduled for you to meet Mr. Biden and DC Partner, Eric Schwerin in our Washington offices on Tuesday, September 29th at 10:30am. Unfortunately I have been pulled away to Chicago for the day on Tuesday so I can not join you in DC bit you are in good hands. I will see at our New York offices when you come up here next week.

Address:

Burnham Asset Management Corp.
1010 Wisconsin Avenue, NW, Suite 705
Washington, DC 20007

Eric, copied here will coordinate from here.

Look forward to seeing you in NY.

Very Best,
Devon

Devon D. Archer
(+1) 646 436 3745<tel:%28%2B1%29%20646%20436%203745>

On Sep 25, 2015, at 3:29 PM, Jay Li <jayli001@gmail.com<mailto:jayli001@gmail.com>> wrote:

Hi Devon,

Do we have the updates for the meeting next week? I have not received the meeting schedule and I may miss your mail.Please advise.
Thanks and have a wonderful weekend.

Very best,

Jay


On Tue, Sep 22, 2015 at 1:57 AM, Archer, Devon <darcher@burnhamfinancial.com<mailto:darcher@burnhamfinancial.com>> wrote:
Thank you for the flexibility Jay.

That sounds good and I will confirm Monday or Tuesday and exact timing tomorrow.
________________________________
From: Jay Li [jayli001@gmail.com<mailto:jayli001@gmail.com>]
Sent: Monday, September 21, 2015 12:51 PM
To: Archer, Devon
Cc: Russell Echlov; Jason Sugarman; yingkui; Fareed, Martha; Godfrey, Andrew
Subject: Re: Beijing

Hi Devon,

Thanks. Sure we can do the meeting next week in DC. Is Monday or Tuesday works for you? Or you can let me know your availability, I can surly do some schedule adjustment to fit in.
Yes, we are planning to visit NY as well. Mr. Liu will stay in State until Oct 10th, How about we have the meeting in DC first, then we can set up the schedule to visit NY office.

Best,

Jay

On Tue, Sep 22, 2015 at 12:13 AM, Archer, Devon <darcher@burnhamfinancial.com<mailto:darcher@burnhamfinancial.com>> wrote:
Jay,
Mr. Biden is traveling this week and we would like to coordinate our visit to DC with him. Can you let me know your availability for next week. Are we also planning to meet in the NY offices?
Best,
Devon

Devon D. Archer
(+1) 646 436 3745<tel:%28%2B1%29%20646%20436%203745>

On Sep 21, 2015, at 9:09 AM, Jay Li <jayli001@gmail.com<mailto:jayli001@gmail.com>> wrote:

Hi Devon,

I would like to follow up the visiting schedule to your DC office for Mr. Liu.
Is 24th (Thursday) or 25th (Friday) ok for you to arrange the meeting in your DC office? If the time I proposed is not convenience for you, would you let me know what time (next week) is good for you to have the meeting?

Thank you and look forward to hearing from you soon,

Very Best,

Jay

On Thu, Sep 17, 2015 at 11:00 PM, Jay Li <jayli001@gmail.com<mailto:jayli001@gmail.com>> wrote:
Hi Devon,

I just check with Mr. Liu and he is scheduled to arrive to States on Sept 22nd. Would you mind to have a meet with in DC on Sept. 24th or 25th? Anytime on these day should be fine for us. If these days are not working for you, would you please let us know which day is good for you, so we will try to adjust our schedule accordingly.
Thanks you very much and look forward to meeting you soon.

Very best,

Jay


On Thu, Sep 17, 2015 at 1:21 AM, Archer, Devon <darcher@burnhamfinancial.com<mailto:darcher@burnhamfinancial.com>> wrote:
Xie xie Jay.

We are very much looking forward to hosting you in NY and DC during Mr. Liu's trip. I will be in town during most of that window other than Oct 1 &2 and I will also be able to escort you to our DC Offices and meetings with Mr. Biden and our colleagues.

Please let me know the desired timing of our initial welcome meeting and please plan to use our offices; 40 West 57th Street, 28th Floor as a base of operations while in NY and the same goes for DC.

Very Best,
Devon

Devon D. Archer
(+1) 646 436 3745<tel:%28%2B1%29%20646%20436%203745>

On Sep 15, 2015, at 4:49 PM, Jay Li <jayli001@gmail.com<mailto:jayli001@gmail.com>> wrote:

Hi Devon, Jason and Russell,

I just came back from China for a month long trip and would like to keep in touch with you from your last meeting with Mr. Liu in Beijing China.
Mr. Liu will have a B-trip to DC from Sept 23rd - Oct 10th.We would like to visit your DC office and talk to your colleague over there. Also it would be great if we can have a follow-up meeting with your team either in NY or DC to further discuss the issues for our two firms working together.
Please advise and look forward to hearing from you soon.

Best,

Jay


On Tue, Aug 4, 2015 at 1:32 PM, Devon Archer <darcher@rosemontcapital.com<mailto:darcher@rosemontcapital.com>> wrote:
Seconded. Very productive. Looking forward to working together.

Devon D. Archer
646 436 3745<tel:646%20436%203745>

On Aug 4, 2015, at 5:19 AM, Jason Sugarman <Jsugarman@camdencap.com<mailto:Jsugarman@camdencap.com>> wrote:

Absolutely. Look forward to working together.

Sent from my iPhone

On Aug 3, 2015, at 7:30 PM, "Jay Li" <jayli001@gmail.com<mailto:jayli001@gmail.com>> wrote:

Hi Jason, it is good to know that you had a very productive trip in China.
Sinowel is looking forward to working with Burnham closely in the near future.
Let's keep in touch.

Thanks to Russell for helping to coordinate the meeting with us.

Best,

Jay

On Sat, Aug 1, 2015 at 2:11 AM, Jason Sugarman <Jsugarman@camdencap.com<mailto:Jsugarman@camdencap.com>> wrote:
Thank you for arranging the meeting in Beijing . I felt it was very productive and we hope to introduce BURNHAM products to Jay's platform.

Jason

Sent from my iPhone

On Jul 14, 2015, at 3:39 AM, "Russell Echlov" <rechlov@rmbcap.com<mailto:rechlov@rmbcap.com>> wrote:

Jay,
It looks like Jason and Devon have some openings in their schedule on the 23rd. Would you mind checking on availability for that day? I did not copy the other emails you included last time because they got bounced back before.

Thanks,
Russell

Russell Echlov
Assistant Portfolio Manager
Mendon Capital
(917) 251-1263<tel:(917)%20251-1263> (mobile)
(212) 603-7512<tel:(212)%20603-7512> (NYC)
rechlov@rmbcap.com<mailto:rechlov@rmbcap.com>


--
Best,

Jay Li

Columbia Assets Management Inc.
10190 Akhtamar Dr
Great Falls,VA 22066
TEL：262-825-6026<tel:262-825-6026>

Columbia Assets Management (“CAM”) is a wholly-owned subsidiary of Sinowel Group (“Sinowel”), which is based in China. Neither CAM nor any of its representatives are registered or licensed with U.S federal or state securities authorities to offer or sell securities in the U.S. as a broker or dealer. Consequently, recipients of this email are advised that if they are prospective investors in EB-5 or other securities offerings which originate in the U.S., all information requests and questions regarding such offerings must be directed exclusively to their Sinowel representative in China.


--
Best,

Jay Li

Columbia Assets Management Inc.
10190 Akhtamar Dr
Great Falls,VA 22066
TEL：262-825-6026<tel:262-825-6026>

Columbia Assets Management (“CAM”) is a wholly-owned subsidiary of Sinowel Group (“Sinowel”), which is based in China. Neither CAM nor any of its representatives are registered or licensed with U.S federal or state securities authorities to offer or sell securities in the U.S. as a broker or dealer. Consequently, recipients of this email are advised that if they are prospective investors in EB-5 or other securities offerings which originate in the U.S., all information requests and questions regarding such offerings must be directed exclusively to their Sinowel representative in China.


--
Best,

Jay Li

Columbia Assets Management Inc.
10190 Akhtamar Dr
Great Falls,VA 22066
TEL：262-825-6026<tel:262-825-6026>

Columbia Assets Management (“CAM”) is a wholly-owned subsidiary of Sinowel Group (“Sinowel”), which is based in China. Neither CAM nor any of its representatives are registered or licensed with U.S federal or state securities authorities to offer or sell securities in the U.S. as a broker or dealer. Consequently, recipients of this email are advised that if they are prospective investors in EB-5 or other securities offerings which originate in the U.S., all information requests and questions regarding such offerings must be directed exclusively to their Sinowel representative in China.


--
Best,

Jay Li

Columbia Assets Management Inc.
10190 Akhtamar Dr
Great Falls,VA 22066
TEL：262-825-6026<tel:262-825-6026>

Columbia Assets Management (“CAM”) is a wholly-owned subsidiary of Sinowel Group (“Sinowel”), which is based in China. Neither CAM nor any of its representatives are registered or licensed with U.S federal or state securities authorities to offer or sell securities in the U.S. as a broker or dealer. Consequently, recipients of this email are advised that if they are prospective investors in EB-5 or other securities offerings which originate in the U.S., all information requests and questions regarding such offerings must be directed exclusively to their Sinowel representative in China.


--
Best,

Jay Li

Columbia Assets Management Inc.
10190 Akhtamar Dr
Great Falls,VA 22066
TEL：262-825-6026<tel:262-825-6026>

Columbia Assets Management (“CAM”) is a wholly-owned subsidiary of Sinowel Group (“Sinowel”), which is based in China. Neither CAM nor any of its representatives are registered or licensed with U.S federal or state securities authorities to offer or sell securities in the U.S. as a broker or dealer. Consequently, recipients of this email are advised that if they are prospective investors in EB-5 or other securities offerings which originate in the U.S., all information requests and questions regarding such offerings must be directed exclusively to their Sinowel representative in China.


--
Best,

Jay Li

Columbia Assets Management Inc.
10190 Akhtamar Dr
Great Falls,VA 22066
TEL：262-825-6026<tel:262-825-6026>

Columbia Assets Management (“CAM”) is a wholly-owned subsidiary of Sinowel Group (“Sinowel”), which is based in China. Neither CAM nor any of its representatives are registered or licensed with U.S federal or state securities authorities to offer or sell securities in the U.S. as a broker or dealer. Consequently, recipients of this email are advised that if they are prospective investors in EB-5 or other securities offerings which originate in the U.S., all information requests and questions regarding such offerings must be directed exclusively to their Sinowel representative in China.


--
Best,

Jay Li

Columbia Assets Management Inc.
10190 Akhtamar Dr
Great Falls,VA 22066
TEL：262-825-6026<tel:262-825-6026>

Columbia Assets Management (“CAM”) is a wholly-owned subsidiary of Sinowel Group (“Sinowel”), which is based in China. Neither CAM nor any of its representatives are registered or licensed with U.S federal or state securities authorities to offer or sell securities in the U.S. as a broker or dealer. Consequently, recipients of this email are advised that if they are prospective investors in EB-5 or other securities offerings which originate in the U.S., all information requests and questions regarding such offerings must be directed exclusively to their Sinowel representative in China.


--
Best,

Jay Li

Columbia Assets Management Inc.
10190 Akhtamar Dr
Great Falls,VA 22066
TEL：262-825-6026

Columbia Assets Management (“CAM”) is a wholly-owned subsidiary of Sinowel Group (“Sinowel”), which is based in China. Neither CAM nor any of its representatives are registered or licensed with U.S federal or state securities authorities to offer or sell securities in the U.S. as a broker or dealer. Consequently, recipients of this email are advised that if they are prospective investors in EB-5 or other securities offerings which originate in the U.S., all information requests and questions regarding such offerings must be directed exclusively to their Sinowel representative in China.