The approval for purchasing the assets by issuing additional shares to Shanghai Urban Construction Group by Shanghai Tunnel Engineering CO, Ltd, etc has been issued by China Securities Regulatory Commission on 15th March 2012.

The reorganization consists of assets purchase by issuing shares, say, STEC offers its controlling shareholder, Shanghai Urban Construction Group (“SUCG”) as well as Shanghai Guosheng (Group) Co, Ltd (“Guosheng Group") and Shanghai Shengtai Investment Management Co, Ltd (“Shengtai Investment”) its 565 million new shares in the aggregate as the consideration to purchase the related assets in the value of RMB 6.369 billion from SUCG, Guosheng Group and Shengtai Investment. The success of this reorganization marks the achievement of significant results in realizing the overall listing of SUCG.

Headed by partner Wu Boqing, Jin Mao served as the special counsel of STEC to provide full legal service to this reorganization, with partner Lawrence Ho, senior associate Yang Hongliang and Gao Jie’s involvement in this project.

In 2011, Jin Mao had outstanding performance in the capital market, and has further advised the bond issuance and listing of RMB 8 billion and RMB 8 billion A-share non-public offering of Shanghai International Port (Group) Co., Ltd as well.