Translator：Wang Yichun

Recently, Yantai Financial Development Investment Group Co. ltd. (hereinafter referred to as "Yantai Finance") issued its first tranche of medium-term notes (SSE STAR Market Notes) for 2022. The issuance scale is 600 million yuan, with a term of 3+2 years, and a face interest rate of 3.28%. This sets a record for the lowest historical interest rate for medium-term notes with a term of 3 years or more for AA-rated entities in Shandong Province.

Landing Law Offices provided comprehensive legal services for this issuance. The signing lawyers for this project were Zhang Min and Li Haibo, the partners of Landing, and Lin Jing provided significant support for this project. The project team also included Chen Zhijian and Wang Xiaoyue.

Yantai Finance, originally known as Yantai Finance Investment Co., Ltd., was established in 2014 with the approval of the Yantai City Government. It was jointly funded by the Yantai Finance Bureau and Shandong Financial Development Co., Ltd. Initially, it primarily undertook the operation and management of government-guided funds, special loans for shantytown renovation projects, and the investment and operation management of state-owned assets. At present, Yantai Finance has a registered capital of 7.4 billion yuan and 24 wholly-owned and controlled subsidiaries. It has formed a state-owned financial holding platform that integrates equity investment management, industrial investment operation, urban construction operation, and comprehensive financial services.