DeHeng Law Offices (Hong Kong) LLP advised the managers and the trustee on Hangzhou Gongshu International Development (Hong Kong) Limited (杭州拱墅国际发展（香港）有限公司) (the “Issuer”) on its issuance of CNY2,100,000,000 4.2 per cent. bonds due 2026 with the benefit of a keepwell and liquidity support deed and a deed of equity interest purchase undertaking by Hangzhou Gongshu Construction and Development Holding Group Co. Ltd (杭州市拱墅区城市建设发展控股集团有限公司) (the “Company”), and listed on the Chongwa (Macao) Financial Asset Exchange Co., Ltd. on 1 December 2023 (Stock code: MOXTB23096).

DeHeng Law Offices (Hong Kong) LLP advised Xi’an Kingfar Holdings (Group) Co., Ltd. (西安经发控股（集团）有限责任公司) (the “Guarantor”, together with its subsidiaries, the “Group”) on the issuance of CNY1.15 billion 3.90 per cent. credit enhanced bonds due 2026 (the “Bonds”), with Xi’an Kingfar International (Singapore) Pte. Ltd. (西安经发国际（新加坡）有限公司) (the “Issuer”) as the issuer and listed on the Singapore Exchange Securities Trading Limited on 1 December 2023.

DeHeng Law Offices (Hong Kong) LLP advised the managers and the trustee on Chengdu Dongjin Huaizhou Xincheng Investment Group Co., Ltd. (成都东进淮州新城投资集团有限公司) (the “Issuer”, together with its subsidiaries, the “Group”) on its issuance of CNY190,000,000 7.7 per cent. bonds due 2026 and listed on the Chongwa (Macao) Financial Asset Exchange Co., Ltd. (the “MOX”). Listing of the bonds on the MOX commenced on 21 November 2023. (Stock code: MOXTB23088)

DeHeng Law Offices (Hong Kong) LLP advised the managers and trustee on Xi’an Port Industrial Co., Limited’s (西安港实业有限公司) (the “Issuer”, together with its subsidiaries, the “Group”) issuance of U.S.$63,000,000 6.10 per cent. credit enhanced bonds due 2026 (the “Bonds”) backed by an irrevocable standby letter of credit issued by Postal Savings Bank of China Co., Ltd. Xi’an Branch and listed on The Stock Exchange of Hong Kong Limited (the “HKSE”). Listing of the bonds on the HKSE (Stock code: 6003) commenced on 23 November 2023.

DeHeng Law Offices (Hong Kong) LLP advised Binzhou Caijin International Co., Ltd. (the “Issuer”) and Binzhou Caijin Investment Group Co., Ltd (the “Guarantor”, together with its subsidiaries, the “Group”) on the issuance of CNY385,000,000 4.70 per cent. credit enhanced guaranteed bonds due 2026 with the benefit of an irrevocable standby letter of credit issued by Qilu Bank Co., Ltd (the “Bonds”) which is listed on the Chongwa (Macao) Financial Asset Exchange Co., Ltd. (the “MOX”).

DeHeng Law Offices (Hong Kong) LLP advised the managers and the trustee on the issuance of U.S.$30,000,000 9.5 per cent. Bonds due 2026 by Rizhao Xinlanshan Caijin Investment Group Co., Ltd. (日照新岚山财金投资集团有限公司) (the “Issuer”, together with its subsidiaries, the “Group”). Listing of the bonds on The Stock Exchange of Hong Kong Limited (Stock code: 5973) has commenced on 15 November 2023.