OnAugust 22, 2017, the special recommendation meeting of national westernfinancial center for Chengdu construction in “Sichuan-Hong Kong-Macao CooperationWeek” was held in Hong Kong. The member of Standing Committee of CPC ProvincialCommittee and Chengdu municipal party secretary Fan Ruiping attended theactivity as the main person in recommendation, and sent the sincere invitationof investment and financing to all walks of life in Hong Kong. The attendinginstitutions included the representatives from Chengdu City and the main districtsand counties of Chengdu City, as well as many intermediaries such as banks, securitiescompanies, rating agencies, asset management agencies, accounting firms and lawfirms of mainland and Hong Kong. The partner of firm Lawyer Yang Pengfei and LawyerYang Yue from International Business Department attended the relevant meeting.

In this meeting, the advantagesof all industries in Chengdu City and all districts and counties of Chengdu Citywere introduced and recommended, which made various investment organizations ofHong Kong interested in the local enterprises and projects of Chengdu with highquality. In the meeting, the concentrated signing of 16 projects was held, withtotal agreed amount reaching to $15.7 billion. In addition to the signing ofprojects in the traditional foreign investment field, the local enterprises of Chengduwere also worth paying special attention to, especially for some largestate-owned enterprises whose steps in taking advantage of foreign capitalmarket were further speeded up. In the signed projects, many local well-known state-ownedenterprises of Chengdu signed the agreement on projects of capital marketcooperation such as overseas bond issuance and overseas fund program with financinginstitutions such as several banks and securities companies of Hong Kong, whichcould marked that Chengdu moved to a new level in the field of utilization offoreign capital.

Lawyer Yang Pengfeiand Lawyer Yang Yue from our firm were invited to attend the meeting, as thelawyers within the country of the issuer from district-level state-owned cityinvestment corporation of Chengdu who issued bonds in dollar in Hong Kong StockExchange. In the meeting, the two lawyers communicated withcolleaguesin all financing institutions andintermediary serviceagencies on businesses such as foreign bonds and foreign funds sufficiently, showedthe ability of our firm in the field of legal service in foreign capital market,and were highly praised by the attending institutions.

The International Business Department of Tahota is one of the legalservice department of our firm with advantages, and all lawyers in the InternationalBusiness Department have the background of studying abroad. They offer legalservices with high quality to many large and medium-size enterprises in Sichuangoing out and to foreign investment brought in. In recent years, with theintroduction of some high-end talents and the promotion of business direction, theInternational Business Department of Tahota only offers legal services for traditionalforeign direct investment and overseas investment of enterprises, but also participatesin the legal services for several foreign capital markets. Especially in the legalservice for overseas dollar debt, it keeps the advantage in the middle andwestern parts of China. At present, Tahota has offered services several times forthe dollar bonds planned to be issued or having been issued successfully inplaces such as Sichuan, Chongqing, Sinkiang and Jiangsu.