Dacheng Team Assists Rongxin Tongda in Successfully Issuing the Second Phase of Feichi Caixin Directional Asset-Backed Notes in 2022

On June 15, 2022, Rongxin Tongda (Tianjin) Commercial Factoring Co., Ltd. successfully issued the second phase of Feichi Caixin Directional Asset-Backed Notes in 2022, with a registered amount of 10 billion yuan. The second phase was 3 billion yuan, with a maturity of three years and an interest rate of 3.9%. Hunan Caixin Financial Holding Group Co., Ltd. is the core enterprise of the product, China Construction Bank Corporation is the leading lead underwriter, Rongxin Tongda (Tianjin) Commercial Factoring Co., Ltd. is the promoter, and Beijing Dentons Law Offices is the legal counsel for the project. The underlying assets of the project are all the Type A limited partnership shares of the Hunan Feichi Caixin No. 2 Enterprise Management Partnership (Limited Partnership) legally held by the promoters.

Mr. Wang Lihong, senior partner of Dentons Beijing Office, and Ms. Mao Ying, senior partner of Dentons Changsha Office, led the asset securitization service teams of the two offices to provide quality legal services for the successful issuance of the project. The members of the project include He Yuhua, Li Shengyu, Chen Jili, Yang Shuoyun, Guo Chang, etc.

Hunan Caixin Financial Holding Group Co., Ltd. is a wholly state-owned company established with the approval of the People's Government of Hunan Province, the only local financial holding company in Hunan Province at provincial level and a large-scale state-owned key enterprise directly under the provincial government. The Group has 14 financial or quasi-financial licenses, including trust, securities, futures, life insurance, banking, insurance agency, local financial asset management, private equity investment funds, regional equity exchange, equity exchange, financial asset trading center, pawn, petty loan and financial leasing. In recent years, the Group has conscientiously implemented the decisions and arrangements of the central government, the provincial Party committee and the provincial government, constantly deepened the reform of corporate governance, vigorously promoted innovative development, effectively controlled financial risks, and effectively improved its comprehensive financial service capacity. It strives to become "a modern comprehensive financial service group with advantageous specialty, high-quality governance and outstanding talents," vigorously implementing the strategy of "three highs, four innovations" and sparing no effort to build a modern Hunan.