Translator：Wang Qiyu

On September 17, 2019, the "Debang Cách chơi xì dáchndustry Water Supply Fee Income Rights Asset Support Special Plan" managed by Debang Securities Co., Ltd., with Cách chơi xì dáchndustry Group's subsidiary, Changsha Water Supply Co., Ltd., as the original equity holder and asset service agency, Cách chơi xì dáchndustry as the shortfall commitment provider, and Changsha Urban Investment as the guarantor, was successfully issued. The issuance size of this special plan was 1.2 billion yuan, with a maturity period of 5 years. Among them, the scale of priority securities was 1.14 billion yuan, divided into A1-A5 levels, and the scale of subordinate securities was 60 million yuan.

As the legal counsel for thiCách chơi xì dáchpecial plan, Shanghai Landing Law Offices (Changsha) provided comprehensive legal services, including legal due diligence, determination of underlying assets, design of transaction structure, drafting and modification of transaction documents, and issuance of legal opinions. The project was jointly completed by Lawyer Yin Xiangnan, the director of the firm, and team memberCách chơi xì dáchuch as Lawyer Liu Yu.