Dacheng Attorney Retained as Outside Legal Counsel for SinoPac Holdings

In November 2011, Dacheng senior partner Qu Feng, who is also vice director of practice of finance at the Shanghai-based office, signed a contract of service with SinoPac Holdings Corp., Ltd.(“SinoPac Holdings”) to act as the company’s outside legal counsel.
 
SinoPac Holdings was listed on the Taiwan Stock Exchange. Its subsidiaries are engaged in such finance-related services as banking, securities, customer service technology, insurance brokerage, venture capital investment, management consulting, futures and leasing etc. The total assets of the company exceed NT$1tn with NT$69.9bn of paid-in capital, about 30% of which is held by Qualified Foreign Institutional Investors. In recent years, with operations in Beijing, Shanghai, Hong Kong, Macau, Los Angeles, Vietnam, and London, SinoPac Holdings’ business in the overseas market has been growing, turning it into a leading contributor to Taiwan’s finance industry. In 2012, SinoPac Holding turned its eyes to the mainland, expecting to flex its muscles in China’s prosperous financial market.
 
According to the service contract, attorney Qu will lead his team to provide legal counsel for SinoPac Holding on matters related to corporate governance, compliance risk management, business negotiation and professional training. The cooperation between the two parties is one of SinoPac’s forward-looking moves aimed at expanding financial business in the Chinese mainland. We are confident that the professional service delivered by attorney Qu and his team will lay a solid foundation for SinoPac Holdings’ entry into China.