DeHeng Advised Lanzhou LS Heavy Equipment Co., Ltd.

on Obtaining Approval for Non-public Issuance of A-Shares

2021-02-24

On February 22, 2021, the application of Lanzhou LS Heavy Equipment Co., Ltd. (Stock code: 603169.SH) for non-public issuing of A-shares was approved by the Public Offering Review Committee of China Securities Regulatory Commission (CSRC). LS Heavy Equipment will raise no more than RMB 1.33 billion from this non-public issuing, mainly invested in the 3.6 million tons/year heavy-oil hydrogenation EPC project for Hao Ye Hua Gong, and Xuandong Energy's 500,000 tons/year EPC project for upgrading hazardous waste coal tar, Heavy pressure equipment production and management of intelligent new model construction project, the replenishment of working capital and repayment of bank loans.

As the legal counsel for this non-public offering, the DeHeng team was led by partners Gao Yujie and Zhao Wentong, with primary support from paralegal Chen Pengbo. The DeHeng team worked closely with the issuer, Hua Ying Securities and other parties involved, providing professional, high-quality and efficient legal services for the client.