On April 1, 2014, Panda Fireworks announced in the evening that after communicating with relevant authorities, the original plan to invest 20 million yuan in Wanzai County Panda Fireworks Co., Ltd. to establish Beijing Silver Lake Network Technology Co., Ltd. It was established by Panda Capital Management Co., Ltd. with an investment of 100 million yuan.

After the establishment of Silver Lake Financial Network Technology Co., Ltd., it will mainly carry out credit risk assessment and management, small loan industry investment, small and micro loan consulting services and transaction facilitation, lending information consultation and release, etc., and at the same time establish With a complete and rigorous risk management system, Panda Fireworks uses its channel advantages across the country to coordinate operations and expand business on a larger scale.