Translator：Zhang Xiaotong

Following the assistance provided by Shanghai Landing Law Firm to AVIC International Leasing Company Limited for its public issuance of corporate bonds (not exceeding RMB 10 billion) targeting professional investors, which was approved by the Shanghai Stock Exchange and registered by the China Securities Regulatory Commission, the successful issuance of AVIC International Leasing's corporate bonds (first tranche) targeting professional investors in 2023 was officially completed on April 10. This tranche of bonds received enthusiastic subscriptions from investors, with a final issuance size of RMB 1 billion and a coupon rate of 3.22%. The bonds have a term of 3 years and provide investors with the option to put back all or part of the bonds they hold at the end of the second year of the bond's term.

As the designated legal counsel for this issuance, Shanghai Landing assigned Lawyers Liu Zhaofu and Li Jinchang to provide professional and efficient legal services for the issuance of AVIC International Leasing's bonds. Adhering to the principle of "absolute professionalism," Shanghai Landing will continue to offer professional services to its clients.