April 2014, Zhejiang BestWa Envitech Ltd. (“BestWa Envitech”) issued CNY 20 million of private placement bonds with an annual interest rate of 10.7%. The face amount of each bond is CNY 100 and the maturity is 36 months.

As a new and high technology enterprise mainly engaged in curbing environment pollution and renovating ecological environment, BestWa Envitech is specialized in technology development, technical services, environmental protection equipment manufacturing, project contracting and general contracting.

Jingtian & Gongcheng acted as the issuer’s legal counsel.