On March 1, 2019, Xianyang Financial Holding Group Co., Ltd. obtained the No-Objection Letter Regarding the Transfer of the Non-Public Offering of Corporate Bonds of Xianyang Financial Holding Group Co., Ltd. from Shanghai Stock Exchange, and the approval for private placement of corporate bonds worth no more than 3 billion yuan to eligible investors.

Xianyang Financial Holding Group, used to be Xianyang Financial Holding Co., Ltd, was founded in June 2015 with the registered capital of 3.08 billion yuan. It is a state-owned capital investment company founded by the municipal government of Xianyang to activate state-owned assets, raise funds for major industrial projects and manage invested projects by following the development trend of the financial industry. It is the first capital operation platform in Xianyang. Its business scope covers funds, equity investment, asset management, pawns, small loans, financial leasing. It aims to consolidate and activate existing state-owned assets and capitalize state-owned assets; launch systematic services in investment, insurance, loan, pawn, leasing and banking to meet the financing needs of companies and projects, build up overall competitive edges, and grow into a comprehensive financial service provider supporting city-wide industrial development.

As the legal counsel for this issuance, the DeHeng team, led by lawyer Ren Yulong, partner of the Xi'an office, with primary support from lawyers Zhang Zhen and Huyan Hui, trainee lawyer Yan Xiaoya and paralegal Quan Sinuo, provided professional, premium and comprehensive services for the client.