Acted as to British Virgin Islands law to Lingang Wings Inc (the "Issuer") in connection with its issue of CNY1,000,000,000 2.98 percent guarantee bonds due 2025 and EUR50,000,000 3.00 percent guaranteed bonds due 2023, unconditionally and irrevocably guaranteed by Shanghai Lingang Economic

Development (Group) Co., Ltd.. The Issuer's group is a large-scale state-owned enterprise that focuses on the investment, development and operation of industrial parks as well as provision of related ancillary services and industrial development, and is highly experienced in the field of industrial park development. The Maples team comprised partner Juno Huang. The Issuer was also advised by King & Wood Mallesons as to Hong Kong law, and by AllBright Law Offices as to PRC law. The joint lead managers were advised by Linklaters as to Hong Kong law, and by Guantao Law Firm as to PRC law.