Dacheng provided legal service to Gaoyou Construction Investment Development Group Co., Ltd. for its successful issuance of credit enhancement bond worth USD46 million worldwide

As a leading state-owned infrastructure construction company, Gaoyou Construction Investment Development Group Co., Ltd. (hereinafter referred to as "Gaoyou Construction Investment Development Group") successfully issued USD46 million credit enhancement bond due 2025 at an interest rate of 4.30% governed by the English laws in accordance with Regulation S, for which Bank of Nanjing Yangzhou Branch provided an irrevocable standby letter of credit. The issuer is mainly engaged in the construction of municipal infrastructure, water conservancy facilities, roads, facilities relating to environmental control and shantytown redevelopment projects in Gaoyou and Suzhou. The underwriting syndicate for this IPO includes Hing Securities International, Industrial Bank Hong Kong Branch, Guangyin International, Guotai Junan International, China Finance Securities Investment Co., Ltd., China Securities International, China Galaxy International, Dongwu Securities (Hong Kong) and Haitong International.

As the international legal counsel to Gaoyou Construction Investment Development Group, Dacheng Hong Kong Office provides whole-process legal service to the project. The project team is led by partner Mr. Li Wenzhao, and includes Mr. Sun Ningxin and Mr. Lao Xiankun, etc. The Dacheng Qingdao Office Team is led by senior partner Mr. Xu Jianghong, and includes Mr. Wang Dandan, partner of the Beijing office, Mr. Shi Yan and Mr. Zhu Nannan.