January 25, 2011, Chery Automobile Co., Ltd., a famous Chinese automobile enterprise, launched its public bidding for its first 2011 medium term bond in the National Inter-bank Bond Market. February 1, 2011, all the issuance procedures were completed and Chery actually raised RMB 1.8 billion with a term of 3 years.

Jingtian& Gongcheng represented the issuer in the bond issue.