Dacheng Assisted Chengdu Economic Development & Investment Group in Successfully Issuing US Dollar Bonds

Recently, Chengdu Economic Development & Investment Group (hereinafter referred to as "Economic Development & Investment") has successfully issued US dollar bonds in a three-year bond issue of US $200 million at a coupon interest rate of 5.50%.

Economic Development & Investment was established in June 2000 with registered capital of RMB10,000,000,000. It is a limited liability company with the Management Committee of Chengdu Economic & Technological Development Zone holding 91.77% of its shares directly. Economic Development & Investment serves as a key platform for the investment in and development of municipal infrastructure projects in Longquanyi District, Chengdu. Economic Development & Investment has undertaken a number of strategic urban development and construction projects, such as transformation of shantytowns and villages in the city, development of industrial parks, and improvement of municipal roads and public facilities, which play an important role in the urban development and social and economic progress of Longquanyi District.

Orient Securities (HK) Limited and BOC International Limited acted as the global coordinators for this Offering, and Dacheng Law Offices acted as the PRC counsel of the underwriters in this Transaction. The project team, consisting of Mr. Chen Yang, Mr. Li Jie, Mr. Liu Xiaoyan and Mr. Nancy Xi, has provided full-process and professional legal services for this Closing Project. The services mainly include conducting legal due diligence of HKCDM and its important domestic subsidiaries, reviewing the Offshore Circulation and transaction documents and issuing PRC legal opinions.