Translator：Jiang Wenyu

Recently, Yantai Guofeng Investment Holding Group Co., Ltd. successfully issued a 3-year USD bond with a total value of 250 million USD through its overseas subsidiary on the Hong Stock Exchange, with main rating and debt rating of BBB+, a maturity of 3 years, and a coupon rate of 2.20%, which is a record low for USD bonds of the same maturity of Shandong enterprises.

As the China legal advisor to the underwriters, including Guotai Junan International, Haitong International and Zhongtai International, LANDING participated in the whole process of this bond issuance, with partner Lin Jing acting as the main coordinator, and senior partners Zhang Min and Zhang Kai, as well as senior lawyers Chen Zhijian, Wang Xiaoyue, Liao Peilin and trainee lawyer Yu Qiong, and other members of the project team, forming a team of lawyers to provide all-around legal services.

This is the first time for Guofeng Group to issue overseas US dollar bonds, which were oversubscribed by 3.8 times. Guofeng Group is 100% owned by Yantai State-owned Assets Supervision and Administration Commission, with total assets of more than RMB 200 billion, and is the direct or indirect controlling shareholder or real controller of a number of listed companies, such as Wanhua Chemical (300309), Moon Environment (000811), Tayho Advanced Material (002254), and Zhangyu A (000869), etc.