DeHeng Hong Kong is participating in a project in relation to the voluntary conditional cash offer by Astrum Capital Management Limited (“Astrum Capital”) for and on behalf of Rise Triumph Limited (the “Offeror”), a company owned by the substantial shareholder and certain executive directors of Tonking New Energy, to acquire all the issued shares of Tonking New Energy Group Holdings Limited (stock code: 8326) (the “Tonking New Energy”) (other than those shares already owned by the Offeror and certain parties acting in concert with it) (the “General Offer”).

DeHeng Law Offices (Hong Kong) LLP advised the managers and the trustee on Qingdao West Coast New Area Ronghe Holding Group Co., Ltd. (青岛西海岸新区融合控股集团有限公司) (the “Issuer”, together with its subsidiaries, the “Group”) on its issuance of CNY768,000,000 5.2 per cent. Bonds due 2027 listed on the Chongwa (Macao) Financial Asset Exchange Co., Ltd. (“MOX”). The Bonds are listed on the MOX (Stock code: MOXTB24083) on 23 April 2024.

DeHeng Law Offices (Hong Kong) LLP advised the managers and the trustee on Weihai City Investment Group Co., Ltd. (威海城市投资集团有限公司) (the “Issuer”, together with its subsidiaries, the “Group”) on its issuance of CNY710,000,000 5.2 per cent. bonds due 2027 listed on the Chongwa (Macao) Financial Asset Exchange Co., Ltd. (“MOX”) (Stock code: MOXTB24080).

DeHeng Law Offices (Hong Kong) LLP advised Huzhou Moganshan High-tech Group Co., Ltd. (湖州莫干山高新集团有限公司) (the “Issuer”, together with its subsidiaries, the “Issuer Group”) as the Issuer on its issuance of U.S.$210,000,000 5.48 per cent. guaranteed bonds due 2027, with Huzhou Moganshan State-owned Capital Holding Group Co., Ltd. (湖州莫干山国有资本控股集团有限公司) (the “Guarantor”) as the Guarantor and listed on the Singapore Exchange Securities Trading Limited on 17 April 2024.

DeHeng Law Offices (Hong Kong) LLP advised the managers and the trustee on Qingdao West Coast New Area Ronghe Holding Group Co., Ltd. (青岛西海岸新区融合控股集团有限公司) (the “Issuer”, together with its subsidiaries, the “Group”) on its issuance of CNY120,000,000 5.0 per cent. Bonds due 2027 listed on the Chongwa (Macao) Financial Asset Exchange Co., Ltd. (“MOX”) and the Bourse de Luxembourg (“LuxSE”). The Bonds are listed on the MOX (Stock code: MOXTB24072) and the LuxSE (Stock code: HK0001004230) on 10 April 2024.

DeHeng Law Offices (Hong Kong) LLP advised the managers and the trustee on Luoyang Guoyuan Investment Holding Group Co., Ltd’s (the “Issuer”, together with its subsidiaries, the “Group”) tap issuance of CNY167,760,000 7.5 per cent. bonds due 2027 which is listed on the Chongwa (Macao) Financial Asset Exchange Co., Ltd. (the “MOX”) (Stock Code: MOXTB24059).