Hylands Assists Nanjing Quanxin Cable Technology Co., Ltd. in Successfully Completing Directed Issue of A Shares

Recently, a team of professional lawyers from Hylands Law Firm has assisted Nanjing Quanxin Cable Technology Co., Ltd. in successfully completing the issuance of A shares at an issue price of not less than 80% of the average price of the A shares of the Company for the 20 trading days prior to the pricing reference date, with the number of shares issued being 21,319,120 and the actual total amount of funds raised being RMB 319,999,991.20. The scope of the A-share issue mainly included securities investment fund management companies, securities companies, trust companies, finance companies, insurance institutional investors, qualified foreign institutional investors, qualified foreign institutional investors in RMB as well as other domestic legal person investors and natural persons complying with the regulations.

Nanjing Quanxin Cable Technology Co., Ltd. is a leading company in the R&D, production and sales of optoelectronic transmission cables, optoelectronic devices, microwave devices, computer hardware and software, electronic information systems and cooling products, as well as the provision of corresponding technical services.

In the current issuance of A shares to specific targets and listing on the GEM, Hylands Law Firm, as the exclusive legal counsel of Nanjing Quanxin, has provided legal services for the overall process of listing. The managing partner assisting in the issuance of shares was Shoujian WANG, with the team also including Kewei GUO and Congxue DANG.