Zhongao Holdings Group Co., Ltd. Granted NAFMII Approval for Debt InstrumentsRegistration under the Guidance of Dacheng

Zhongao Holdings Group Co., Ltd. was recently granted approval from National Association of Financial Market Institutional Investors (“NAFMII”)for the registration of RMB1,000,000,000 worth of commercial papers and private placement notes. The company was advised by partner Feng Lihui and associate Wang Yufa from Dacheng’s Jinan-based office.

Zhongao Holdings Group Co., Ltd. is one of the key agricultural enterprises recognized by China’s Ministry of Agriculture. It is primarily engaged in the production of duck products, ducklings, feed and snack food. In 2013,its turnover exceeded RMB 4,500,000,000.