DeHeng Law Offices (Hong Kong) LLP advised Zhenjiang Culture & Broadcasting Industry Group Co., Ltd. (the “Issuer”, together with its subsidiaries, the “Group”) on the issuance of JPY7,500,000,000 1.65 per cent. credit enhanced bonds due 2027 with the benefit of an irrevocable standby letter of credit issued by Bank of Shanghai Co., Ltd, Nanjing Branch (the “Bonds”) which is listed on the Stock Exchange of Hong Kong Limited (the “HKSE”). Listing of the Bonds on the HKSE commenced on 2 April 2024 (Stock Code: 4568).