Translator：Zhang Xiaotong

On March 17th, CCCC Shanghai Navigation Bureau Co., Ltd. (referred to as "SHN") successfully issued its second tranche of super short-term financing bonds through the Interbank Market Dealers Association. This issuance marked the first dual-label "Science and Innovation Bills/Village Revitalization" financing bonds for central enterprises. It represents another exploration and practice by SHN in promoting production through financing, demonstrating a positive example in the capital market and gaining broad recognition from investors.

The funds raised in this issuance will primarily support projects related to village revitalization and technological innovation at Shanghai Dredging. Since the 19th National Congress of the Communist Party of China proposed the implementation of the rural revitalization strategy, SHN has consistently aligned its efforts with the Party's call. Leveraging its own resource advantages and advanced industrial technology, it has actively engaged in rural revitalization projects. These include the construction of projects such as rural sewage treatment in XiuYuan District, Putian, Fujian, rural clusters in LiLi Town, Wujiang, Jiangsu, and beautiful village construction projects in Qingcun Town, Fengxian, Shanghai. These projects focus on upgrading facilities and improving the local urban and rural environment without compromising the original village characteristics, thus making outstanding contributions to local environmental improvement and economic development.

Seizing the opportunity of this dual-label "Science and Innovation Bills/Village Revitalization" bond issuance, SHN will continue to make use of relevant financial tools to drive innovation-led development. It aims to solidify the foundation of rural revitalization, promote urban-rural economic circulation, and contribute Shanghai Dredging's wisdom and strength to the construction of livable and prosperous villages with high quality.

In this issuance, which is the first dual-label "Science and Innovation Bills/Village Revitalization" dual-label super short-term financing bond for central enterprises, Landing Law Offices, as the specialized legal advisor, provided professional and efficient legal services to ensure the success of this issuance. This also accumulated valuable experience for the law firm in the field of legal services supporting rural revitalization and financial innovation. Adhering to the concept of "Absolute Professionalism," Shanghai Landing will continue to provide professional services to its clients. The lawyers providing services for this issuance are Lawyer Liu Zhaofu and Lawyer Kong Lingsen.