East & Concord Partners Assists SDIC Capital in Obtaining CSRC’s Approval for the Public Issuance of RMB 8 Billion RMB Convertible Corporate Bonds

On May 22, 2020, the application for the public issuance of RMB 8 Billion of convertible corporate bonds by SDIC Capital Co., Ltd. (the “Issuer”) was approved without hearing by the 18th Issuance Examination Committee of China Securities Regulatory Commission (CSRC). This project is an example of adopting the new rule of “reasonable shareholding ratio” in the market to complete the approval procedure of state-owned assets and to enhance the liquidity and efficiency of state-owned capital after the promulgation of Measures for the Supervision and Administration of State-owned Equities of Listed Companies and the adjustment of the administration system of state-owned assets authorization.

As the special legal adviser of this project hired by the Issuer, East & Concord Partners provided full legal services for its issuance of convertible corporate bonds.

The lead partners of this project are partners Cindy Hu and Dorothy Xing. Associates Da Guo, Xiyu Zhang and Yuepeng Huang are responsible lawyers in this project.

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