Translator：Wang Yichun

Recently, CCCC Third Harbor Engineering Co., Ltd. (hereafter referred to as Sòng bài casino ở Việt Namuot;the CompanySòng bài casino ở Việt Namuot;) successfully launched the Sòng bài casino ở Việt Namuot;CCCC Receivables No. 1 11th Tranche Green Asset-Backed Securities (Blue)Sòng bài casino ở Việt Namuot; (hereafter referred to as Sòng bài casino ở Việt Namuot;the ProductSòng bài casino ở Việt Namuot;) on the Shanghai Stock Exchange. The issuance raised 947 million yuan, with a priority level of 897 million yuan, and a secondary level of 50 million yuan. The Company acted as the original equity owner and asset service agency for this product, while CCCC Commercial Factoring Co., Ltd. served as the project coordinator and agent of the original equity owner. CCCC, the holding company, provided a liquidity difference payment commitment for the special plan. Huatai United Securities acted as the exclusive financial advisor, with Huatai Asset Management serving as the assets manager.

The basic assets involved Sòng bài casino ở Việt Namis product are all offshore wind power projects, demonstrating a commitment to the development of blue marine resources and the sustainable growth of the blue marine economy. The product aligns closely with the "Blue Economy" concept proposed by the World Bank in 2017, providing robust support for numerous projects aimed at economic growth, improving living standards, maintaining the health of marine ecosystems, and exploring sustainable use of marine resources. As such, this product has become the nation's first blue asset-backed securities.

Guided by the policy directives of the State Council's "14th Five-Year Plan for Marine Economic Development" and other policies, the Company has been continuously exploring and has established the first premium brand in China's offshore wind power construction sector since 2021. The company has maintained a long-term market share, ranking first Sòng bài casino ở Việt Name Chinese market, and has effectively penetrated the Southeast Asian offshore wind power market. Over the past three years, the Company has implemented reforms and adjustments in its regime, innovation, and equipment management, making offshore wind power sector consistently a leading contributor to the CCCC's business volume, revenue, and profit. The proportion of business income from the offshore wind power industry has risen from 12% to 31%, with the proportion of new contract amounts reaching a high of 26.1%. This profit contribution has significantly supported the Company's high-quality development. By integrating the upstream and downstream units of the offshore wind power industry chain and supply chain, extending the wind power investment and financing, operation and maintenance business chain, and forming a community of shared future with many leading central enterprises, local governments, and design institutes in related fields, the Company has achieved complementary advantages and multi-party coordination, striving to build an offshore wind power industry ecosystem.

For this Product, Landing acted as the special legal advisor, providing professional and efficient legal services for the issuance, contributing to its success, and also accumulating valuable experience for the firm's legal services Sòng bài casino ở Việt Name field of green financing. Committed to the principle of "Specialized Services", Landing continues to dedicate itself to delivering professional services to its clients. The lawyers involved Sòng bài casino ở Việt Namis issuance were Liu Zhaofu and Kong Lingsen.