Dacheng helping Consumer Finance Successfully Issue An Yihua Phase II Personal Consumption Loan ABS of 2022

On June 16, 2022, Consumer Finance Co., Ltd. (hereinafter referred to as "Consumer Finance") successfully issued An Yihua Phase II personal consumption loan ABS of 2022 in the inter-bank bond market.

The issuance scale of An Yihua Phase II personal consumption loan ABS of 2022 is 1,477 billion yuan, which are divided into Priority Grade A, Priority Grade B and Secondary Grade ABS. For the project, China Capital Corporation, Ping An Securities and Guangdong Development Bank act as Leading Lead Underwriters, China Capital Corporation, Ping An Securities and Guangdong Development Bank act as Joint Lead Underwriters, and an underwriting syndicate consists of China Merchants Securities, Fubon Hua First Bank, Standard Chartered Bank and China Post Securities, with China Foreign Trade Trust acting as the trustee and Dacheng Law Offices as the legal counsel. An Yihua Phase II product of 2022 is the second single individual consumption credit asset securitization product issued by Consumer Finance in the inter-bank bond market this year, with the total issuance value reaching 2.52 billion yuan.

Mr. Wang Lihong, senior partner, and Mr. He Yuhua, partner, of Dacheng Beijing Office, led their asset securitization service team to provide quality legal services for the successful issuance of the two phases of Consumer Finance's products in the inter-bank bond market this year, including actively cooperating with Consumer Finance and other intermediaries to complete the drafting of transaction documents, related due diligence, and providing legal support for project implementation and issues arising from the issuance. The members of the service team include Pan Yaoyao, Yin Xiaotong and etc.

Consumer Finance was established in June 2015 with the approval of the former China Banking Regulatory Commission, and is a technology-driven financial institution with a consumer finance license. Consumer Finance, adhering to the mission of "making life easier through technology", is user-centered, focuses on inclusive finance, and provides small-sum and decentralized consumer finance services for social groups with financial service needs through technology-empowered innovation to boost economic development.