On December 19, 2018, the Listed-Company Merger, Acquisition, and Reorganization Review Committee of China Securities Regulatory Commission held its 69th meeting for the year of 2018. At the meeting, a conditional approval was granted for the share issuance, asset purchase, and major asset restructuring of Shijiazhuang Tonhe Electronics Technologies Co., Ltd. (stock code 300491, stock short name Tonhe Technology). The team led by Liu Ruifeng and Lv Yanchang, partners of ZhongYin Law Firm, represented Tonhe Technology on this project.

TonHe Technology is a high-tech enterprise specialized in innovation of technology, product and management in the power electronics industry, and integrating R&D, manufacturing, sales, operation of and service related to high frequency switch mode power supply and related products. It has accumulated profound power supply related technologies and can provide clients with systematic energy solutions. After this major asset restructuring, TonHe Technology will hold 100% equity in the restructured party Xi'an Howe Power Supply Co., Ltd. (short name Howe Power Supply). Since its establishment in 2010, Howe Power Supply has been focusing on R&D, manufacturing, and sales of various military power supplies and power supply modules. It has complete qualifications for the military industry, is familiar with the military market, and has broad sales channels and rich experience.

Liu Ruifeng and Lv Yanchang have extensive experience in practicing in listing on stock exchange, NEEQ listing, private equity and investment fund, M & A, bond issuance, regular legal counseling and other areas, and have a profound understanding of the PRC laws and regulations and regulatory practices. Therefore, they can develop flexible and high-quality legal solutions based on the different needs of different clients. These two partners and their team members will continue to provide high-quality legal services to the client in a professional and diligent way.