Dacheng Selected as Long-term Legal Counsel of ICBC Wealth Management Co., Ltd.

The Dacheng Law Offices have been successfully selected as the long-term legal counsel database of ICBC Wealth Management Co., Ltd. (the "ICBC") for 2022. This time, Mr. Zhang Wei, Director of Business Department III of Dacheng Beijing Head Office, is selected as the contact person for the database, and he is joined by senior partners Libei Wu, Shuzhen Zhang, Tao Liu, Mingguo Li, Wenjun Zhang and Yi Wang, to provide professional and efficient legal services to ICBC in relevant legal areas based on the professional Dacheng service platform.

The selection of the Dacheng Service Team benefits from its rich experience in litigation and non-litigation matters in the banking and finance sector, and is finally determined by ICBC after a comprehensive review conducted by taking into account of the size of the law firm, the time of its establishment, areas of expertise, service plans, successful cases, staffing of the team, fee standards and other aspects.

ICBC Wealth Management Co., Ltd. is a wholly-owned subsidiary of the Industrial and Commercial Bank of China ("ICBC"), and is among the first batch of wealth management subsidiaries of commercial banks in China authorized to commence business and manage the largest assets under its management. ICBC Wealth Management Co., Ltd. is mainly engaged in the issuance of publicly offered wealth management products, privately offered wealth management products, wealth management advisory and consulting services and other asset management related services. By June 5, 2020, ICBC's wealth management products and investments have exceeded 1 trillion in both terms, and ICBC has established a new product system covering different terms, types and all kinds of investment markets. ICBC is a leading company in the industry in terms of business development. On November 19, 2019, the Asia Financial Competitiveness Index 2019 Ranking List was released, and ICBC Wealth Management Co., Ltd. was awarded the award as "Competitive Wealth Management Subsidiary of a Bank 2019".

The fact that the Dacheng are hired and serve the Dacheng in this perennial legal counsel program reflects ICBC's full trust in and high recognition of the industry. The Dacheng team will continue to provide high-quality and efficient legal services with a diligent work attitude, explore the areas and methods of business cooperation, and carry out more comprehensive and in-depth cooperation with ICBC in wealth management.