DeHeng Law Offices (Hong Kong) LLP advised the managers and the trustee on Huikai International Investment Co., Limited (惠开国际投资有限公司) (the “Issuer”) on its issuance of JPY8,300,000,000 1.90 per cent. bonds due 2025 with the benefit of a keepwell and liquidity support deed and a deed of equity interest purchase undertaking by Wuxi Huishan Hi Tech Group Co., Ltd. (无锡惠山高科集团有限公司) (the “Company”), and listed on the ChongWa (Macao) Financial Asset Exchange Co., Ltd. (the “MOX”) on 14 March 2024 (Stock Code: MOXTB24050).