On 9 February 2021, Dongtai Social Housing Asset-backed Scheme was successfully issued with a total amount of RMB 430,000,000.  Dongfang Construction Investment Development Co., Ltd acted as the original interest owner of the program, while Wanjia Gongying Assets Managing Co., Ltd. as the administrator thereof.  Grandall Suzhou Office provided legal service for the scheme with Mr. HUANG Jianxin, Ms. WU Yulian, and Ms. PAN Xiaoying as key lawyers serving the case.

The scale of this asset-backed program is up to RMB430,000,000, among which the preferred asset-backed securities is RMB400,000,000 rated at AA+, and the subordinated asset-backed securities is RMB30,000,000.

The Scheme adopts credit enhancement measures such as over-coverage, pledge guarantee, structural stratification of priority/subordinated products, establishment of the obligor of making up the difference, and guarantee.