Translator：Wang Yichun

On December 8, 2023, Shanghai Landing Law Offices, serving as the legal counsel for the issuer, played a pivotal role in assisting Bocomm Leasing Co., Ltd. ("Bocomm Leasing") to successfully issue its first phase of corporate financial bonds in the national inter-bank bond market. The issuance achieved a total of 3 billion yuan, with a maturity term of 3 years.

Established in December 2007 and boasting a registered capital of 20 billion yuan, Bocomm Leasing stands as one of the first five bank-affiliated financial leasing companies sanctioned by the State Council, operating as a wholly-owned subsidiary of the Bank of Communications.

Since its inception, Bocomm Leasing has consistently led the way in the financial leasing sector. As the inaugural company approved to form a specialized subsidiary within the Free Trade Zone, it has accomplished several industry-firsts and pioneering achievements within the Shanghai FTZ. These milestones include the sector's premier instances of aircraft financing leasing, aircraft operational leasing, ship operational leasing, aircraft asset transfer transactions, and the first overseas borrowing initiative by a non-banking financial institution.

Moving forward, Bocomm Leasing is committed to actively advancing the mission of state-owned financial institutions. It aims to adhere to the "three new and one high" standards, robustly supporting the real economy, and fully leveraging the fundamental characteristics of leasing. With a focus on key sectors such as aviation, shipping, transportation infrastructure, energy and power, consumer livelihoods, and equipment manufacturing, Bocomm Leasing is dedicated to fostering the new development pattern that emphasizes the domestic grand cycle and mutually reinforces both domestic and international dual circulations.

In this endeavor, Landing Law Offices' senior partners, Tang Xiang and Zhou Wenjia, along with team members Gong Lingxia and Wu Xiaowen, provided comprehensive legal services for this issuance. Their expert services spanned conducting thorough due diligence on the issuer within China, offering legal opinions and recommendations on the proposed bond offering in compliance with Chinese law, reviewing legal documentation, advising on necessary permits, regulatory approvals, and other authorizations for the offering documents, and issuing a legal opinion letter under Chinese law to the issuer.