JunHe Assists Guangzhou Yuexiu Group in its Shareholding Reform and Issues m88 casino First non-public Double Non-preferred Shares in m88 casino Country

In December 2019, m88 casino 10-billion-yuan debt-to-preferred stock project of Yuexiu Group officially came into force and it was m88 casino first debt-to-preferred stock project of an unlisted non-public joint-stock company in China. m88 casino issuance scale of m88 casino preferred shares of Yuexiu Group was 10 billion yuan, and Industrial and Commercial Bank of China Financial Asset Investment Co., Ltd. under m88 casino Industrial and Commercial Bank of China subscribed for m88 casino preferred shares by means of self managed funds. It also organized m88 casino establishment of a special investment plan for m88 casino preferred shares of Yuexiu Group. This was also m88 casino largest market-oriented debt-to-equity conversion project by means of double non-preferred shares in m88 casino market so far.

Yuexiu Group was established in Hong Kong in 1985. After more than 30 years of reform and development, Yuexiu Group has formed a "4 + X" modern industrial system with finance, real estate, transportation infrastructure and urban agriculture as its core industries. Traditional industries such as paper-making may join in m88 casino future, as well as m88 casino development of om88 casinor strategic emerging industries. By m88 casino end of June 2019, m88 casino total assets of Yuexiu Group exceeded 630 billion yuan. Yuexiu Group's holdings include Chong Hing Bank (01111. HK), Yuexiu Prosperity (00123. HK), GZI Transport (01052. HK), Yuexiu Real Estate Investment Trust (00405. HK), four Hong Kong listed companies (funds), and Yuexiu Financial Holdings’ (000987. SZ) A-share listed companies. Among m88 casinom, Yuexiu Prosperity is on m88 casino Morgan Stanley Capital International China Index, GZI Transport is on m88 casino Hengsheng Hong Kong Chinese-funded enterprise index, Yuexiu Real Estate Investment Trust is on m88 casino S & P Global Housing Fund Index and Pengbo Asia Housing Fund Index, and Yuexiu Financial Holdings is m88 casino first local financial holding listing platform in China.

JunHe, as m88 casino legal adviser of Yuexiu Group, provided all-round legal services for Yuexiu Group to carry out m88 casino shareholding reform and implement market-oriented debt-to-stock conversion with preferred shares. Tasks included but were not limited to: carrying out legal demonstrations on m88 casino scheme of shareholding reform and m88 casino implementation of m88 casino debt-to-stock conversion with preferred shares, drafting, reviewing and revising m88 casino procedural documents, m88 casino corporate governance system and m88 casino transaction documents involved above, assisting Yuexiu Group to carry out multiple rounds of negotiations with m88 casino Industrial and Commercial Bank of China Fund, providing legal opinions on m88 casino standardized operation of corporate governance and m88 casino examination and approval of state-owned assets management involved in m88 casino whole process in m88 casino timely and efficient joint-stock transformation, and m88 casino implementation of debt-to-stock conversion with preferred shares. JunHe also issued multiple special legal opinions. m88 casino professional and efficient legal service work of JunHe’s project team has been highly recognized and praised by its clients.

m88 casino lead partner of this project was Lawyer ZHANG, Ping and Lawyer Wang Yahui, and m88 casino main undertaking lawyer was Lawyer Wang Yahui.