On December 24, 2018, Hefei Xingtai Financial Holdings (Group) Co., Ltd. (short name Xingtai Holdings), in connection with the RMB 2.5 billion medium-term notes proposed to be issued, received a Notice of Accepting Registration (Zhong Shi Xie Zhu [2018] MTN760) from the National Association of Financial Market Institutional Investors. A team led by Xu Yong, a partner of ZhongYin (Hefei), and consisted of Kan Shu, Wang Xiaodong and other associates of ZhongYin (Hefei), represented Xingtai Holdings on this issuance of medium-term notes from start to finish. Through cooperation with the lead underwriters Bank of Hangzhou and GF Securities, as well as rating agencies, audit firms and other intermediaries, the team successfully facilitated the registration of the medium-term notes.

Xingtai Holdings, as authorized by Hefei Municipal SASAC, operates Hefei’s state-owned financial assets, and on behalf of Hefei Municipal Party Committee and Municipal Government, establishes and improves the local financial system. It is an local financial holding group established relatively early in Hefei. Its business scope covers 19 (pan-) financial sectors such as banking, securities, insurance, trust, financial leasing, financing guarantee, pawn, asset management, fund management, microfinance, equity investment, venture capital, overseas investment and financing, internet finance, financial service outsourcing, equity trading, big data asset operation, and construction and operation of scenic towns.