December 22, 2011, Shenzhen Shenbao Industrial Co., Ltd. (“SBSY”) (Stock code: 000019, 200019) obtained the approval from China Securities Regulatory Commission for material asset transaction in which SBSY transferred 15% equity interests of Shenzhen Pepsi-Cola company to PepsiCo Investment (China) Limited.

SBSY is the first listed food and beverage company in China, and one of the first enterprises producing the aseptic-packing Tetra Pak beverage in Mainland China.

Jingtian & Gongcheng acted as SBSY's lawyer.