The issuance of RMB ordinary shares by Qianjiang Motorcycle Co., Ltd. (“Qiangjiang Motorcycle”, Stock Code: 000913.SZ) to its controlling shareholder, Geely Maijie Investment Co., Ltd. was approved by the China Securities Regulatory Commission in November 2022 and successfully completed recently. Qianjiang Motorcycle received RMB 504.6 million in funding, and after covering the issuance costs, all the remaining net proceeds are used to replenish working capital.

As the legal counsel to Qianjiang Motorcycle for the issuance of shares to specific object, Jingtian & Gongcheng provided comprehensive legal services throughout the process, including verifying and analyzing plans, conducting comprehensive legal due diligence, making lawyer work report and legal submissions and answering inquiries from the regulator, ensuring successful completion of the project.