DeHeng Advised Qingdao Sentury Tire on Obtaining CSRC Approval

for Issuing Convertible Bonds

2021-05-18

On May 17, 2021, the public issuance of convertible bonds by Qingdao Sentury Tire Co., Ltd. was reviewed and approved by the 52nd Working Meeting of the 18th Public Offering Review Committee of China Securities Regulatory Commission (CSRC) in 2021. The total amount of funds raised is up to RMB 2,198,939,100 (inclusive), and the number of bonds issued is up to 21,989,391 (inclusive).

As the legal counsel for the company, the DeHeng team was led by partner Guan Changluo, with primary support from associate Xu Zhixiang and paralegal Pan Yu, and the team provided professional and high-quality legal services for the client. In the future, DeHeng will continue to provide the client with high-quality legal services and support its rapid growth.