DeHeng Law Offices (Hong Kong) LLP advised the managers and the trustee on Xinyi Communications Culture & Tourism Group Co., Ltd. (新沂市交通文旅集团有限公司) on its issuance of CNY145,000,000 6.00 per cent. bonds due 2027 (to be consolidated and form a single series with the CNY968,880,000 6.00 per cent. bonds due 2027 issued by the Issuer on 20 September 2024) and listed on the Chongwa (Macao) Financial Asset Exchange Co., Ltd. on 30 September 2024 (Stock code: MOXTB24220).