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Advised Hualong Jinkong on the acquisition of a private company by way of VIE structure.

Advised Hua Long Jin Kong Company Limited (Hualong Jinkong) (now known as Hang Pin Living Technology Company Limited) (stock code: 1682) on the acquisition of OPCO, a private company engaging in the P2P Financing business and operating as an online lending information intermediary institution, by way of VIE structure.

The transaction constituted a discloseable transaction, connected transaction and continuing connected transaction under Chapter 14 and Chapter 14A of the Hong Kong Listing Rules respectively. The Hong Kong Stock Exchange granted a waiver from setting (1) a fixed term for the VIE agreements; and (2) maximum aggregate annual caps for the service fees payable by OPCO.


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