Recently, Zhongyin (Chengdu) Law Firm’s lawyers Xu Hong and Zhao Qingshu agented and completed special legal business that Sinopec Sichuan Sales Co.,Ltd subscribed for the 125 million new shares of Guangdong Huaxing Bank.

After verification, lawyers Xu Hong and Zhao Qingshu issued a legal opinion letter, according to <The People’s Republic of China Commercial Bank law>, <the People’s Republic of China Company Law>, <China CBRC measures on the implementation of administrative licensing matters of Chinese Commercial Bank>(CBRC No. 2 document, 2015) and other regulations, they thought Sinopec Sichuan Sales Co.,Ltd. have the factors that domestic non-financial institutions become the promoters of commercial banks in China (shareholders), and can subscribe for the 125 million new shares of Guangdong Huaxing Bank. Now, Sinopec Sichuan Sales Co.,Ltd, sharing in Guangdong Huaxing Bank has been approved by the bank supervision and management institutions.