On July 25, 2019, Beijing Haiguo Xintai Investment Holding Center (the “Haiguo Xintai”) successfully issued “The Fourth Tranche of Medium-Term Notes in 2019 of Beijing Haiguo Xintai Investment Holding Center”, to raise 1 billion Yuan, with a term of 3 years, an interest rate of 5.2%, the credit rating of issuer being AAA, and the credit rating of note being AAA. Attorney Wang Shaoxing of ZhongYin Law Firm represented this client on this project.

Haiguo Xintai is an enterprise owned by the whole people under the State-owned Assets Supervision and Administration Commission of the People's Government of Haidian District, Beijing, with registered capital of 7 billion Yuan. According to 2018 Annual Audit Report of Haiguo Xintai, as of December 21, 2018, the company's total consolidated assets were 147.254 billion Yuan, net assets were 45.723 billion Yuan, and net profits were 1.544 billion Yuan.

Since the beginning of 2018, ZhongYin has represented Haiguo Xintai on the issuance of bonds and debt financing instruments and has been well received by clients for its high-quality services.