Translator：Wang Qiyu

On November 6, 2020, Shanghai Landing Law Offices, acting as special legal counsel, assisted China Communications Shanghai Waterway Bureau Co., Ltd. in publicly issuing extendable corporate bonds with a total face value of no more than 2 billion yuan to professional investors.

China Communications Shanghai Waterway Bureau Co., Ltd., founded in 1905, is a core enterprise under China Communications Construction Company Ltd. (CCCC) and the largest domestic waterway construction company. It holds qualifications such as top-level general contracting for port and waterway engineering construction, first-level qualifications in water conservancy and hydropower, municipal utilities, river and lake regulation, foundation treatment, top-level design in water transport industry, comprehensive top-level engineering survey, and top-level surveying and mapping. The company specializes in port and waterway operations, municipal services, building construction, water conservancy projects, highway projects, and more. The successful registration of these extendable corporate bonds is a recognition of the company's strength and scale by the market, which can effectively enhance the company's market image and provide strong financial support for its future development plans.

Shanghai Landing Law Offices, entrusted by China Communications Shanghai Waterway Bureau Co., Ltd., appointed lawyer Liu Zhaofu and his team as special legal counsel for this bond registration. Lawyer Liu and his team members conducted reasonable, necessary, and feasible verification and validation of matters and legal issues related to this registration, and based on this, provided a legal opinion.