We advised the joint lead managers on the Regulation S offering

Davis Polk advised the joint lead managers in connection with the Regulation S offering of $90 million principal amount of 4% guaranteed bonds due 2024 with the benefit of an irrevocable Standby Letter of Credit provided by Jiangxi Bank Co., Ltd., Nanchang Xiangnan Branch. The bonds are guaranteed by Fujian Yango Group Co., Ltd.

Fujian Yango Group Co., Ltd. is a large private corporate group primarily engaged in property development, trading, education services and environmental protection businesses. Leveraging its strong foothold in Fujian province, Fujian Yango Group Co., Ltd. has expanded into other cities across China including Shanghai, Beijing, Hangzhou, Fuzhou and Shenzhen.

The Davis Polk corporate team included partners Gerhard Radtke and Yang Chu, registered foreign lawyer Jennifer Liu and associate Rose Lu. All members of the Davis Polk team are based in the Hong Kong office.

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