Credit asset securitization and credit asset transfer areas

• As early as 2013, Mr. Zhang has provided services for most of the pioneering projects of credit asset securitization expansion pilot and Yindeng center credit asset circulation. To date, he has served more than 300 successfully issued credit asset securitization and credit asset circulation projects. experience. Representative achievements include:

• China Merchants Bank’s first phase of credit asset securitization trust project in 2014 (the first credit card ABS)

• Ping An Bank’s No. 1 small consumer loan securitization project (the first credit asset exchange ABS)

• Pudong Development Bank’s 2015 construction machinery loan securitization project (the first construction machinery mortgage asset ABS)

• Pingyin’s first phase of auto mortgage loan securitization trust project in 2015 (the first bank auto financing asset ABS)

• Xingyao first phase of car mortgage loan transfer project in 2021 (the first auto finance company credit transfer)

The field of corporate securitization in exchange markets, inter-bank bond markets and other listing venues

Attorney Zhang has provided legal services for more than 150 corporate asset securitization projects since 2014. Representative achievements include:

• Yangzhou affordable housing trust beneficiary rights Asset Backed special plan (first affordable housing ABS)

• CMS-Jianye Property Asset Backed Special Plan (First Residential Property Fee ABS)

• Gaohe-CMS-Jinmao Kaichen Asset Backed Special Plan (First Exchange CMBS)

• Pacific Securities New Water Source Sewage Treatment Service Charge Income Rights Asset Backed Special Plan (First PPP Securitization Project)

• JD Finance - China Merchants Chuangrong Jingnongdai No. 1 Asset Backed special plan (the first special loan plan to assist farmers), Ping An Securities - Mengniu Dairy series accounts receivable Asset Backed special plan (the first fast-moving consumer goods industry ABS)

REITs and other financing areas

• Mr. Zhang has provided legal services for more than 100 trust projects, securities firm asset management, insurance asset management and other private asset management products, as well as publicly offered REITs, financial bonds and other public financing projects. Representative achievements include:

• several Financial Bonds issuance of Ford Motor Finance (China) Co., Ltd., Toyota Motor Finance (China) Co., Ltd.

• China Yuexiu Expressway Closed Infrastructure Securities Investment Fund

• China TBEA New Energy Closed Infrastructure Securities Investment Fund

Internet technology and financial fields

• Attorney Zhang has provided financing, business compliance consulting and other legal services to Chinese Internet companies such as JD.com and Tencent since 2014. His representative achievements include:

• Beijing Jingdong Century Trading Co., Ltd.’s first phase of Jingdong Baitiao asset-backed notes in 2017 (the first Internet mall asset ABN)

• 2020 Dongdao No. 3 Jingdong Baitiao Phase I Asset-Backed Commercial Paper (the first Internet retail asset ABCP)

• 2015-2020 Perennial Legal Counsel of Tencent Technology (Shenzhen) Co., Ltd.

• In 2019, we provided Internet finance-related consulting services to Shenzhen Sisan Technology Services Co., Ltd.

• 2019 Permanent Legal Advisor in the Internet Consumer Finance Field of Guazi Financial Leasing (China) Co., Ltd.

Taxation and dispute resolution areas

• Attorney Zhang has served many tax consulting and dispute resolution cases from the perspective of legal compliance analysis of complex transactions. His representative achievements include:

• Provide trust tax consulting services for a trust in 2022-2023

• 2019 Yang’s first-instance defense for the crime of accepting bribes and condoning a mafia-type organization

• In 2023, a subsidiary of a central enterprise liquidated and dissolved its subsidiaries"