The non-public issuance of exchangeable corporate bonds by Zhejiang Jiahua Energy Group Co., Ltd. (hereinafter referred to as "Jiahua Group") undertaken by lawyers Yang Xue and Li Aiqing from Zhang Shenghuai's team of Beijing Hai Run Law Firm has passed the review with no corrective feedback. The project has obtained a no-objection letter from the Shanghai Stock Exchange for listing transfer on April 11, 2019.