Chengdu Public Transport Group Co., Ltd. (“Company”) has succeeded in registering Asset Backed Notes (“ABN”) with the registered amount of RMB 800 million with National Association of Financial Market Institutional Investors, marking the 1st registered enterprise in southwestern China and the 1st one in the field of public transport around the nation. Ms. CHENG Yan, Mr. LIU Xiaojin, Mr. CHEN Jie and Ms. MENG Qingting of Grandall Chengdu Office have provided overall legal services, including rendering legal opinions, to the case.