DeHeng Law Offices (Hong Kong) LLP advised Qingtian Transportation Development Investment Co., Ltd. (青田县交通发展投资有限公司) (the “Issuer”, together with its subsidiaries, the “Group”) on its issuance of RMB483,000,000 3.70 per cent. credit enhanced bonds due 2026 in Shanghai Free-Trade Zone supported by an irrevocable standby letter of credit provided by Bank of Ningbo Co., Ltd., Lishui Branch (宁波银行丽水分行) and listed on the Chongwa (Macao) Financial Asset Exchange Co., Ltd. (“MOX”). The Bonds is listed on the MOX (Stock code: MOXTB2311) on 23 May 2023.