On 8 April 2015, the application for IPO filed by Zhejiang Huatie Construction Safety Technology Co., Ltd. (“Huatie Technology”) was passed and approved at the 70th meeting of the Securities Public Offering Examination and Approval Committee of China Securities Regulatory Commission.

As established in November 2008, Huatie Technology is a high-technology enterprise specializing in renting the support facilities for construction building. Its key clients include China Railway Group Limited, China Railway Construction Corporation and China Communications Construction Co., Ltd. The company has established business networks in Shenzhen, Bejing, Wuhan, Nanjing, Nanchang, Chengdu, Changsha, Fujian, Zhengzhou, Nanning and other cities.

Huatie Technology intends to issue no more than 50.67 million shares so as to raise the funds in an amount of RMB 400 million for particular project and repayment of loan.

Grandall Hangzhou Office has been retained as the issuer's counsel with Mr. SHEN Tianfeng, Mr. HOU Meiwen and Mr. WU Gang as key lawyers servicing the case.