Just recently, the capital increase of 3 billion yuan by Dong Mingzhu, Wanda Group, JD.com and China International Marine Containers Group intoYinlong New Energy Co., Ltd. (“Yinlong New Energy”) is completed.

Yinlong New Energy is striving to build a new energy close-loop industrial chain of R&D, production, marketing and sales of lithium battery material at its core, and integrating lithium battery, EV power train, vehicle assembly, smart grid energy storage system. Right now, Yinlong New Energy has finished building three manufacturing sites at Guangdong Zhuhai, Hebei Wuan and Shijiazhuang, and is the leading enterprise in China in the new energy vehicle technologies.

As the legal counsel of Yinlong New Energy, Jingtian & Gongcheng is engaged in the negotiation, drafting of documents and delivery of the deal on behalf of the company, and assists the company in conducting legal due diligence of the investors.

Before this deal, as the legal counsel of Yinlong New Energy, Jingtian & Gongcheng also is involved in the deal with Gree Electric Appliances Inc. (000651.SZ), in which Gree issues 13-billion-yuan equivalent of shares to purchase assets from Yinlong. Jingtian & Gongcheng is engaged in negotiation, modification of documents and assists Yinlong to conduct legal due diligence on Gree.