DeHeng Law Offices (Hong Kong) LLP advised the managers and the trustee on Qufu Xingda Investment Development Co., Ltd. (曲阜兴达投资发展有限公司) (the “Issuer”, together with its subsidiaries, the “Group”) on its issuance of CNY207,000,000 4.40 per cent. credit enhanced bonds due 2027 with the benefit of an irrevocable Standby Letter of Credit issued by Evergrowing Bank Co., Ltd, Jining Branch, and listed on the Chongwa (Macao) Financial Asset Exchange Co., Ltd. (the “MOX”) (Stock Code: MOXTB24048).