Translator：Jiang Wenyu

Shanghai Landing Law Offices (hereinafter referred to as "Landing"), as the special legal advisor, assisted the successful establishment of "Yangtze River Chuyue -CCCC Third Navigation Engineering Bureau Supply Chain Finance Phase 1 Asset Support Special Plan" (hereinafter referred to as the "the special plan"). The original equity holde of the special plan is Shenzhen Qianhai Lianyirong Commercial Factoring Company Co., Ltd. (hereinafter referred to as "Lianyirong"), and the core enterprise is CCCC Third Navigation Engineering Bureau Co., Ltd."(hereinafter referred to as "CCCC Third Navigation Engineering Bureau"). The plan manager is Changjiang Securities (shanghai) Asset Management Co., Ltd. (hereinafter referred to as "Yangtze Asset Management").

Zhao Jie and Liu Zhaofu provided full legal services for the special plan, including legal due diligence, design of asset securitization plan, drafting and review of relevant legal documents and contracts, and issuance of legal opinions.

 About CCCC Third Navigation Engineering Bureau

Founded in 1954, CCCC Third Navigation Engineering Bureau is a wholly owned subsidiary of CCCC Group, a Fortune 500 company. After more than 60 years of development, it has become a large state-owned backbone construction enterprise with comprehensive capabilities in civil engineering and diversification.

CCCC Third Navigation Engineering Bureau is a world-class and national-level engineering construction company. It has undertaken or participated in the construction of the world's highest technical level and most challenging bridge project, the Hong Kong-Zhuhai-Macao Bridge. It has also been involved in the construction of the largest fully automated terminal, the Yangshan Deepwater Port Phase 4 project. Additionally, it has contributed to the construction of the largest offshore wind farm in Asia, the Huaneng Rudong 300MW offshore wind power project. Furthermore, it has played a significant role in the construction of the Beijing-Shanghai High-Speed Railway, which has the longest completed line and the highest standards in the world. CCCC Third Navigation Engineering Bureau has completed numerous national and world-class projects and is a leader in the offshore wind power market in China.

CCCC Third Navigation Engineering Bureau is a double-grade qualified enterprise, with the qualification of general contracting for port and waterway engineering and general contracting for highway engineering. At the same time, it has two first-class qualifications of general contracting for municipal utilities and construction engineering.

 CCCC Third Navigation Bureau is forming a complete industrial chain with more than 30 wholly owned subsidiaries, 1 education and training center, and more than 10,000 competent and professional talents, which are able to provide customers with integrated solutions in construction industry in the fields of waterworks, road and bridge, railroad and rail, municipal affairs, offshore wind power, industrialized building, offshore engineering, and investment.

CCCC Third Navigation Engineering Bureau is a global market pioneer with business covering more than 20 countries and regions around the world, and is the main force in the construction of "Belt and Road". CCCC Third Navigation Engineering Bureau is building a high-quality integrated service provider in the construction industry and endeavoring to become a world-class enterprise with global competitiveness.