Recently, ZhongYin Law Firm has been engaged by Zangge Holding Limited by Share Ltd (short name “Zangge Holding”, stock code: 000408) to advise it exclusively on its controlling shareholders’ capital for debt payment and connected transaction. The project was undertaken by the team led by senior partner Tong Xuejun and partner Suo Weihua, and consisting of members Yu Bo, Chen Nana, Zhi Kai, Ma Yanbo, Sun Lianxing, Lu Ruiyu, and Ma Meng of ZhongYin Law Firm.

On June 26, 2019, at a shareholders' meeting of Zangge Holding, the participants reviewed and approved a proposal on Controlling Shareholder's Capital for Debt Payment and Connected Transaction. Tibet Zangge Venture Capital Group Co., Ltd (hereinafter referred to as “Zangge Group”), the controlling shareholder of Zangge Holding, proposed to transfer the 37% shares in Tibet Julong Copper Co., Ltd. held by it to Zangge Holding at a price of 2.59 billion yuan, in order to offset the listed company’s funds occupied by Zangge Group and its affiliates, related fund occupation costs, and losses due to trade, totaling the same amount. After accepting the engagement, ZhongYin, in cooperation with the company's financial advisor, gave a rely to the inquiry letter from Shenzhen Stock Exchange, and issued Legal Opinions Exclusively on the Acquisition by Zangge Holding Limited by Share Ltd of the Mining Concession Investment Involved in 37% Shares in Tibet Julong Copper Co., Ltd..

ZhongYin Law Firm is one of the most influential law firms that are the first to practice in the area of finance and securities in China. In the past 25 years, ZhongYin lawyers has made remarkable achievements in the securities and capital markets. They have been involved in restructuring and reorganization, back-door listing, venture capital management, and other major projects of large state-owned enterprises, listed companies and foreign-funded enterprises in more than 40 important industries such as chemical, coal mine, petroleum, insurance and banking; has professionally represented more than 300 companies in China on IPO (including A shares, B shares, H shares, corporate shares; approximately accounting for 1/9 of the total number of companies listed on Shenzhen and Shanghai Exchanges) and listed companies about rights issue, placement, issuance of convertible bonds, and so on; and has provided full-process legal services for successful NEEQ listing of more than 300 companies. In the area of practice in China's capital market, ZhongYin lawyers have served more than a thousand clients in total, accumulated rich experience in practice, and obtained a profound understanding of the legal system and the operation & practice of law. Hailed as the “Whampoa Military Academy” in the capital market, it has trained a number of excellent securities and legal professionals for the securities industry in China. After 25 years of careful operation, ZhongYin has built a team of attorneys practicing in the area of securities with strict discipline, high professionalism and rich experience, and firmly established the brand of “ZhongYin” with high reputation in the area of law practice in the capital market.