On 23 April 2016, the application for non-public offering filed by Shanghai Yuyuan Tourist Mart Co., Ltd. (“Shanghai Yuyuan”, code: 600655) was passed and approved by the Issuance and Examination Committee of the China Securities Regulatory Commission(“CSRC”).

Located in the downtown commercial district of Shanghai, Shanghai Yuyuan is a China famous commercial listed company that incorporates the businesses of gold and jewelry, catering, commercial tourism, real estate, Chinese ancient medicine and tourism retail as well as combines commercial and strategic investment.  It owns three China’s famous trademarks, fifteen Shanghai’s famous trademarks, and numerous China’s time-honored brands and hundred-year stores as well as a national intangible cultural heritage project (Yu Garden Spring Lantern & Folk Art Show) and 3 municipal ones under its banner.  Shanghai Yuyuan has up to 130,000 square meters of business facilities and the annual flow of customers exceeds 37 million people. It has ranked first among the nation’s large retail enterprises in terms of its business achievements for ten consecutive years, thus listed as one of China’s 500 most valuable brands.

Grandall Shanghai Office has been retained as the issuer’s counsel, with WEI Wei, WU Zhizhi, and WANG Ying as key lawyers offering comprehensive and professional service.