Capital Markets - Shiyan Juxin Urban and Rural Construction Development Investment Group Co., Ltd.

Haitong Bank's Macau Branch acted as Joint Lead Manager and Joint Bookrunner of Shiyan Juxin Urban and Rural Construction Development Investment Group Co., Ltd's CNY410m bond issue, with a coupon of 4.85% and a 3-year tenor.

The proceeds of the Bonds are expected to be used for project construction and replenishing working capital. The Group is a primary state-owned platform for the infrastructure construction, engineering construction and land development in Shiyan City, the Issuer has actively participated in a number of major infrastructure projects in Shiyan City.