Dehehantong contributed to the successful issuance of the "Huatai - Lianrui Leasing Phase 1 Green Asset-Backed Special Plan (ABS)"

On June 27, 2025, the first phase of the Huatai - Lianrui Leasing Green Asset-Backed Special Plan (ABS) (referred to as the "Special Plan"), with Shanghai Lianrui Financial Leasing Co., Ltd. as the original rights holder, was successfully issued on the Shanghai Stock Exchange. The issuance scale of this special plan was 1.04 billion yuan, and the 2.1% interest rate of the senior A class set a new low for the issuer.

This special plan is led by Zhang Hengtong, the founding partner of Dehehantong, and a legal service team composed of Zhang Fang, a lawyer from the Shanghai office, and Yu Jiayue, a legal assistant, provides full-process legal services. Among them, it includes conducting legal due diligence on Lianrui Leasing and related projects, drafting and reviewing transaction documents, issuing legal opinions, etc., and communicating efficiently and closely cooperating with Lianrui Leasing and various intermediary institutions to facilitate the successful issuance of this special plan.

Shanghai Lianrui Financial Leasing Co., Ltd. is controlled by Lianyungang Financial Holding Group Co., LTD., which is directly controlled by the Lianyungang Municipal People's Government. This special plan has set a new record for the largest single transaction scale in the asset revitalization (securitization method) of state-owned enterprises under Lianyungang City and the largest single transaction scale in the issuance of green bonds.

Huatai United Securities Co., Ltd. serves as the lead party, Huatai Securities (Shanghai) Asset Management Co., Ltd. acts as the manager, Jiangsu Bank Co., Ltd. acts as the custodian bank, CITIC Securities Co., LTD., Ping An Securities Co., LTD., Huaxin Securities Co., Ltd. and Industrial Securities Co., Ltd. act as the sales institutions, and Dehehantong serves as the special legal advisor. Jointly promote the work of this issuance.

As one of the core business segments of Dehehantong, the capital market business has achieved remarkable success in recent years. It covers diversified legal service fields such as financial leasing, Internet finance, finance and banking, trust, over-the-counter market, and crowdfunding. At the same time, it has performed outstandingly in mergers and acquisitions, reorganizations, and refinancing of listed companies, forming a complete one-stop legal service system.

In the future, Dehehantong will continue to uphold the philosophy of "diligence, craftsmanship and excellence", constantly optimize the legal service model, inject continuous impetus into the development of the capital market, and assist enterprises in stable development with professional, high-quality and efficient legal service solutions.