Guangdong Legal Shengbang Law Firm (hereinafter referred to as the Firm) is one of the earliest law firms in China with securities industry qualifications. Since 2014, our exchange has attached great importance to securities finance business and has reserved a group of high-quality enterprises for listing among our legal advisors.

As of November 18, 2014, in addition to the already listed "Persian Technology" projects led by the teams of lawyers Zhang Xihai and Li Jingyu, there were also two new third board listing projects led by the teams of lawyers Huang Changgan and Liu Haiyu, which made significant progress in the company's listing and public transfer business on the New Third Board in 2014.

One is Guangdong Green Color Printing Technology Co., Ltd., which completed the company's share reform on June 26, 2014. All application materials for the listing and public transfer of Green Color (Green Color Co., Ltd.) on the New Third Board have been accepted by the National Small and Medium Enterprise Share Transfer System, and feedback is pending.

The second is Xinjiang Silk Road Huatong Trading Co., Ltd. (hereinafter referred to as Silk Road Huatong or Silk Road Huatong Co., Ltd.), which is a comprehensive change from Xinjiang Xinfadi Investment Co., Ltd. (hereinafter referred to as Xinfadi or Xinfadi Co., Ltd.). The registered capital of Xinfadi Co., Ltd. is RMB 30 million. After Xinfadi completes the company's shareholding reform, the registered capital of Silk Road Huatong Co., Ltd. is RMB 200 million.

In the Silk Road Huatong project hosted by our institute, it involves legal procedures such as company separation, capital reduction, capital increase, asset divestment, debt restructuring, and debt to equity conversion; And a complete set of legal and compliant procedures for the valuation and evaluation of the exit and entry of state-owned assets. It can be said that the Silk Road Huatong project involves all the procedures of China's capital market operation, which is not only a high-intensity work for the project host lawyer, but also a difficult and high-level test of the project host lawyer's professional knowledge, professional level. The project leader, Huang Changgan, a partner lawyer, led the team to overcome various difficulties and worked hard to creatively create 896 documents related to the project. The "Legal Opinion" alone reached 92 pages, twice the number of pages in a typical project's "Legal Opinion".

Xinfadi Co., Ltd. completed the shareholding reform of the company on September 18, 2014, and the name of the company after the shareholding reform is: Xinjiang Silk Road Huatong Trading Co., Ltd. He is the first joint-stock company in the "Silk Road" economic belt of Xinjiang Ili Kazakh Autonomous Prefecture to implement mixed ownership. The audited book net assets of Silk Road Huatong Co., Ltd. reached 474.8209 million yuan, and the evaluated net assets reached 1048.7603 million yuan.

The Silk Road Huatong project is currently at the core of securities firms. In the near future, with the listing of Silk Road Huatong Co., Ltd., the company has formulated specific development strategies and business objectives. They are:

（1） Development strategy

The company's medium to long-term development strategy is to continuously enhance brand competitiveness, optimize the company's business structure, expand the market influence of the company's products, and become an excellent enterprise with high brand awareness and reputation in the industry.

（2） Overall Objectives

The company has the geographical advantage of radiating from the Silk Road land transportation center to Central Asia. It will rely on three first-class ports and one second-class port in three countries to create a long-term and orderly healthy channel for the introduction of high-quality products from abroad to Ili and the mainland; At the same time, high-quality products from various enterprises in the mainland can also be displayed here, continuously exported to Central Asia, for the benefit of people in border countries. The company will strive to develop into the largest comprehensive commercial service enterprise on the "Silk Road" economic belt by integrating resources, based on its own and geographical advantages.

With the implementation of the development strategy and business objectives of Silk Road Huatong, Silk Road Huatong will become a shining pearl on the "the Belt and Road" map and the "Silk Road" core economic belt.