On 10 September, the application for issue of corporate convertible bonds filed by Jiangsu Gian Technology Co., Ltd. (“Gian Technology”) was passed and approved by Shenzhen Stock Exchange, and was registered on 23 October 2020. The company intended to raise a limited amount of RMB 570,000,000 by issuing corporate convertible bonds, and the fund so raised, after deducting relevant costs, will be used for electronics precise parts automation projects.

Grandall Shanghai Office has been retained as the issuer’s legal counsel with Mr. JIN Shisheng and Mr. WANG Jun as key lawyers serving the project.