ZhongYin Is Engaged by Yankuang Logistics as Legal Counsel to Contribute to New Model of Modern Full Supply Chain for Coal
Recently, ZhongYin Law Firm and Yankuang (Hainan) Smart Logistics Technology Co., Ltd. (“Yankuang Logistics”) entered into a regular legal counseling agreement, pursuant to which, ZhongYin’s Director and Senior Partner Yan Penghe and his team are engaged by it as regular legal counsels and will provide it with comprehensive legal services.
Yankuang Logistics is a logistics company registered in Hainan Free Trade Zone, through joint venture among the coal industry joint stock company under Yankuang Group (a group as a Fortune Global 500 firm), the fuel company under Huaneng Group (a group as a Fortune Global 500 firm), and Taizhong Group, upon the approval by Yankuang Group. By relying on Yanzhou Coal Industry's coal mining, Huaneng Group's internal power plant’s demand, and Taizhong Group's intermediate logistics network, highlighting the support functions of Yanjiang Group and Huaneng Group (two large real enterprises, both as Fortune Global 500 firms), and giving play to Taizhong Group's advantages in modern logistics and supply chain, with a fully market-oriented mechanism, Yankuang Logistics has created a new model of modern full supply chain for coal that integrates multiple functions such as coal purchase and sale, logistics and transportation, storage, distribution and warehousing, multimodal transport and information processing.
The establishment of Yankuang Logistics is a concrete manifestation of implementing the State’s policy on deepening the mixed ownership reform of state-owned enterprises, also an innovative measure to practice the State’s idea on transition to new from old economic engines to realize high-quality development, and even more, a remarkable result of the development based on deep integration of Yankuang Group, Huaneng Group, and Taizhong Group.
Yan Penghe and his team have provided China’s first A-share listed private coal supply chain service company CCS Supply Chain Management Co., Ltd. (stock code: 600180SH) and its commodity e-commerce platform “YiMei.com” with full-process legal services such as legal risk management, international trade, and international dispute resolution for eight consecutive years; provided Hainan International Energy Exchange Co., Ltd. with comprehensive legal services, and helped construct Hainan Pilot Free Trade Zone and Hainan Free Trade Port with Chinese characteristics. Yan Penghe and his team have successfully advised on many maritime disputes, and repeatedly advised the clients on complex international dispute resolution, overseas arbitration and overseas enforcement. Yan Penghe and his team have been widely trusted and recognized by clients at home and abroad with high-quality legal services for many years.