The "Monarch Asset Management Hengtong No. 1 Asset Supporting Special Plan" and the "Open Source-Henghui No. 1 Asset Supporting Special Plan" (both referred to as "Special Plan") were held by our senior partner Tung Wan Lawyer Team as special legal advisers, recently, successfully issued in Shanghai Stock Exchange. Among them, "Open Source-Henghui No. 1 asset supporting special plan" is the first domestic bank as the original equity securities pledged repo business securitization projects.

It is understood that all the original equity holders of the above special plan are Hengfeng Bank Co., Ltd. (hereinafter referred to as Hengfeng Bank) and all have the trust beneficiary rights lawfully held by Hengfeng Bank as the underlying assets; "Guojun Asset Management Hengtong No. 1 Asset Support Special Plan" issue size of 4.39697 trillion yuan," Open Source-Henghui No. 1 asset supporting special plan "issue size of 5.109 billion yuan.

The trust assets formed by banks and trust companies is a very large proportion of the underlying asset type in 2017 ABS issue. Based on years of experience in legal services of trading product design in the financial field, on the basis of analyzing the existing business transaction structure of financial institutions, lawyer Dong Wan assisted them to set up the basic assets, improve the compliance of the underlying assets and provide solution, and help to communicate with the underlying asset trading entities, various business participants and regulatory agencies, and promote the smooth issuance of the special plan.