Jia Yuan Law Firm has received the following rankings in capital market for the year 2011 by Thomson Reuters Legal Advisory Review (Equities and Debts).

       ●  G3 bonds in Asian Pacific region (excluding Australia and Central Asia) - 1 transaction, ranked the 15th in Asia.

Jia Yuan Law Firm has received the following rankings in capital market for the year 2011 announced by Thomson Reuters Legal Advisory Review (M&A).

       ●  Announced China involved transactions, ranked the 14th.
       ●  Completed China involved transactions, ranked the 10th.

On January 11, 2012, Shanxi International Trust Co., Ltd (Stock Code: 000563.SZ) obtained CSRC approval to launch a non-public offering, issuing no more than 220,000,000 shares. Jia Yuan Law Firm acted as the PRC legal adviser to the issuer.

Shanxi International Trust Co., Ltd is the first listed non-bank financial enterprise and also one of the only two comprehensively listed trust investment companies in China.

On January 11, 2012, China Automotive Engineering Research Institute (hereinafter referred to as “CAERI") obtained CSRC approval to issue no more than 192,000,000 shares. Jia Yuan Law Firm acted as the PRC legal adviser to the issuer.

CAERI was reformed into a share company from a national institute and mainly engaged in technical service and industrialized manufacture. Technical service contains providing service for the development and consultation as well as the test, inspection and authentication of automobile, while industrialized manufacture contains manufacturing of special purpose vehicle, key components of rail transportation and fuel system.

On January 11, 2012, China South Locomotive & Rolling Stock Corporation Limited（hereinafter referred to as “CSR", stock code: 601766.SH；01766.HK）obtained CSRC approval to launch a non-public offering, issuing no more than 1,963,000,000 shares. Jia Yuan Law Firm acted as the PRC legal adviser to the issuer.

Founded on December 28, 2007, CSR went public in Shanghai and Hong Kong in August 2008 and mainly engaged in the development, manufacture, sale, lease and service of railway locomotives, passenger trains, freight wagons, bullet trains, metro vehicles and relevant components, as well as relevant technical service, consultation, industry investment, importation and exportation.

Approved by the State Council, CITIC Group implemented the restructuring and jointly established CITIC Share Limited based on most of its existing net operating assets with Beijing CITIC Enterprise Management Co., Ltd, one of its wholly owned subsidiaries. Meanwhile, CITIC Group has transformed into a wholly state-owned company from an enterprises owned by the whole people. On December 27, 2011, CITIC Share Limited was formally established with a registered capital of RMB128 billion. On the same day, CITIC Group has completed comprehensive restructuring and changed its name into CITIC Group Corporation, with a registered capital of RMB 183.70263 billion. Jia Yuan advised CITIC Group for this restructuring.

CITIC Group is one of the Fortune 500 companies and a large state-owned enterprise engaged in finance, real estate, construction contracting, infrastructure, resources and energy, machinery manufacturing, information industries and service industries.

On December 30, 2011, Xi’an Aircraft International Corporation (“the issuer”) issuing shares to purchase aviation related assets as material reorganization obtained approval from the acquisition and reorganization committee under CSRC. This project is the first entire sector listing of AVIC Group. Jia Yuan acted as legal counsel for the issuer.

Jia Yuan received the following rankings in capital market for the third quarter of the year 2011 by Thomson Reuters Legal Advisory Review.

       ●  Equity and equity-related (legal advisory for issuers) - 9 offerings, ranked the 17th in Asia.
       ●  G3 bonds in Asia Pacific region (excluding Australia and Central Asia) - 1 offering, ranked the 13th in Asia.

Inner Mongolia MengDian HuaNeng Thermal Power Corporation Limited,（hereinafter referred to as ”NMHD”, stock code: 600863）indirectly controlled by China Huaneng Group, is the first A-share listed company of Inner Mongolia Autonomous Region. NMHD proposed to launch a non-public offering, raising 5.87 billion RMB. On 17 October, 2011, NMHD obtained unconditional approval from CSRC. Jia Yuan acted as the PRC legal advisor for the issuer.

On October 6, 2011, CITIC Securities Co., Ltd. (“CITIC Securities”, A Share Stock Code: 600030; H share stock code: 06030) listed on the Hong Kong Stock Exchange. In this global offering, CITIC Securities issued 995,300,000 H shares, successfully raising a total of HK$13,237,490,000. Jia Yuan acted as the issuer’s PRC counsel and provided professional legal services.

Being the flagship of coal industry in western China, and with an estimated capacity around hundreds of millions tons, Shanxi Coal Industry Co., Ltd. will realize the capacity of two hundred million tons by the end of the 12th “Five-Year Plan”. Upon the CSRC’s approval of its IPO of A shares, the Company is to be ranked as the third listed coal producers, raising a total fund of 17.251 billion RMB. Jia Yuan acted as the legal counsel for the issuer.

Aluminum Corporation of China Limited (”Chalco”, listed on NYSE, HKSE and Shanghai Stock Exchange, and also being included as one of the constituent stocks of Hang Seng Index, FTSE Index and USX China index）proposed to launch an non-public offering of 9 billion RMB to A share investors. On 16, August 2011, CSRC approve this non-public offering. Jia Yuan acted as the PRC legal counsel for the issuer.

SAIC Motor proposed to subscribe the shares issued by SAIC Group at the consideration of its partial assets. The aggregate deal value is 29.1 billion RMB. Upon the approval from CSRC, both parties will complete the closing of relevant assets as soon as practicable. Jia Yuan acted as the legal counsel for the issuer.

As the largest and most competitive hydropower constructor in PRC and around the world, Sinohydro obtained CSRC’s approval for its IPO on Shanghai Stock Exchange to issue no more than 3.5billion A shares, raising 17.3 billion RMB. Jia Yuan acted as the legal counsel for the issuer.

Since 1997, Jia Yuan law firm has built a respected reputation in debt and equity capital markets as well as overseas listings of formerly state-owned entities. “it offers a high quality choice of counsel”, according to sources, who see it acting for clients such as China Railway Group, China Minmetals. Yu Yan and Ying Xu are recommended as leading individual.

Jia Yuan law firm will establish a long-term cooperation relationship with Indiana University as its internship base of the Chinese Law Summer Program

 Jia Yuan has received the following rankings in capital market for the first half of the year 2011 by Thomson Reuters Legal Advisory Review.

●    Equity and equity-related (legal advisory for issuers) - 7 offerings, ranked the 12th in Asia.

●    G3 bonds in Asian Pacific region (legal advisory for underwriters) - 1 offering, ranked the 15th in Asia.

 ●    G3 bonds in Asian Pacific region (excluding Australia and Central Asia) - 1 offering, ranked the 12th in Asia.

In the M&A legal advisory review report of the second quarter in 2011 announced by Thomson Reuters, the ranking of Jia Yuan is as follows:

1. In the M&A legal advisory review report from January to June in 2011 - Published transactions participated by Asia : the 14th in Asia
2. In the M&A legal advisory review report from January to June in 2011 - Published transactions participated by China : the 4th in China
3.  In the first quarter capital markets review report in 2011 - Asian shares and shares-related ( legal advisory of Underwriters): the 12nd in Asia

    Today，four JD candidates from Indiana University School of Law and Arkansas Law School started their internships in Jia Yuan Law Firm. Managing partner Yu Yan and Weiping He gave a brief introduction about the firm’s practice areas.

May, 2011

    China Business Law Journal rated Jia Yuan as one of the top China domestic IPO issuer advisors of the year (by total deal value). Jia Yuan has recently advised on some major IPO transactions – for example, First Heavy Industries Co. Ltd.'s IPO   and Jihua Group’s IPO(Shanghai Stock Exchange), with an accumulated deal value of $2,268 million. Jia Yuan acted as the legal adviser to issuer.

    On April 21, 2011, Wuhan Tianyu Information Industry Co., Ltd. (Tianyu, 300205.SZ) was listed on the ChiNext Board of the Shenzhen Stock Exchange, raising about RMB 0.79 billion for 19.91 million shares. JiaYuan Law Firm acted as Legal adviser to the issuer and provided comprehensive legal services for the company.

Tianyu is a professional smart card manufacturer, and also a professional solution and service provider.

    In 2010, "Chambers Global" selected Jia Yuan in a row as one of the leading Chinese law firms in Capital Market businesses.

On March 9, 2011, Xiangtan Electrochemical Scientific Ltd. (Xiangtan Electrochemical, 002125.SZ ) obtained conditional approval from the China Securities Regulatory Commission(CSRC) to lauch a Non-public Offering. Xiangtan Electrochemical planned to issue no more than 24 million shares and the net proceeds from the issue is estimated to be RMB226 million. JianYuan Law Firm acted as legal adviser to the issuer.

Currently, Xiangtan Electrochemical is China's largest producer of special EMD for alkali manganese battery without hydrargyrum. It is the largest scale in the single factory all over the world and possesses 13% of world production.

On March 2, 2011, Huagong Tech Co., Ltd. (Huagong Tech, 000988) obtained approval from the China Securities Regulatory Commission(CSRC) to lauch a Non-public Offering. The company planned to issue no more than 60 million shares and the net proceeds from the issue is estimated to be RMB759million. JianYuan Law Firm acted as legal adviser to Huagong Tech Co., Ltd..

On Feburary 23, 2011, China Avic Avionics Equipment Co.,Ltd. obtained conditional approval from the Review Committee of Merger, Acquisition and Reorganization of Listed Companies of the China Securities Regulatory Commission ( CSRC) on Material Assets Reorganization(purchase of assets by issuing shares). JiaYuan Law Firm acted as Legal adviser and provided professional legal services to China Avic Avionics Equipment Co.,Ltd.

On Feburary 21, 2011, Sichuan Chengfa Aero Science & Technology Co.,Ltd. (Chengfa Tech 600391) obtained conditional approval from the China Securities Regulatory Commission(CSRC) to lauch a Non-public Offering. The company planned to issue no more than 50 million shares and the net proceeds from the issue is estimated to be RMB980million. JianYuan Law Firm acted as legal adviser to Liahe Chemial Technology Co., Ltd..

On Feburary 16, 2011, Lianhe Chemical Technology Co., Ltd.(LianheTech 002250) obtained conditional approval from the China Securities Regulatory Commission(CSRC) to lauch a public offering. The company planned to issue no more than 36 million shares and the net proceeds from the issue is estimated to be RMB651million. JianYuan Law Firm acted as legal adviser and provided professional legal services to Liahe Chemial Technology Co., Ltd..

On January 26, 2011, Powerwell Pacific Holdings Limited (Powerwell Pacific, 08265.HK ) commenced trading on the GEM of The Stock Exchange of Hong Kong Limited. Powerwell Pacific has allocated 42,000,000 shares in its Offering and the net proceeds raised from the Offering are estimated to be approximately HK$ 17.90 million.

Powerwell Pacific is principally engaged in the watches and jewelry sourcing business providing sourcing and procurement solutions to customers who are mainly brand owners and importers.

CIMB Securities (HK) Limited and Access Capital Limited are the Joint Sponsors of the Offering. Jia Yuan Law Firm acts as the PRC legal adviser of the Joint Sponsors.

On January, China South City Holdings Limited completed the issuance of USD 250 million Senior Notes (the “Notes”) . The Notes bear a coupon of 13.50% per annum and will mature in 2016. BOC International and UBS are the Joint Lead Managers and Joint Bookrunners for the Notes Issue. Jia Yuan Law Firm acted as PRC Counsel to Lead Managers.

China South City is a leading developer and operator of large scale, integrated logistics and trade centers in China. Its centers offer quality, cost-effective trading and logistics platforms for buyers and sellers of raw materials and finished goods. The company was listed on the main board of The Stock Exchange of Hong Kong Limited in 2009.

On December 30,2010, Guangdong Golden Horse Tourism Group Stock Co.,Ltd obtained conditional approval from the Review Committee of Merger, Acquisition and Reorganization of Listed Companies of the China Securities Regulatory Commission ( CSRC) on associated transactions, including purchase of assets by issuing shares and sale of material assets. JiaYuan Law Firm acted as Legal adviser and provided professional legal services to Golden Horse Co., Ltd.

This offering refers to the purchase of 70% equity of Hequ Coal and Electronic Development Company, 60% equity of Hequ Electronic Power Company and 75% equity of Wangqu Electronic Power Company by issuing shares to Luneng Group; The sale of material asset refers to the sale of 40% equity of Sichuan Meishan Aostar Aluminum Co., Ltd to Shanxi Luneng Jinbei Aluminum Co., Ltd.

China Forestry Co., Ltd. completed the issuance of USD 300 million 7.75% senior notes Due 2015. The Notes was offered and sold by the Initial Purchaser (Deutsche Bank AG, Singapore Branch, Standard Chartered Bank and UBS AG, Hong Kong Branch) to (i) to qualified institutional buyers in reliance on the exemption from the registration requirements of the Securities provided by Rule 144A thereunder and (ii) outside the United States in compliance with Regulation S under the Securities Act. The Notes was listed on Singapore Exchange on November 22, 2010. Deutsche Bank, Standard Chartered Bank, UBS jointly acted as Bookrunners and Joint Lead Managers. Jia Yuan Law Firm acted as PRC Counsel to Lead Managers.

China Forestry is a leading forest management and timber harvesting company and one of the three largest non-state owned forest operators in terms of coverage area of owned forest rights in China. It focuses on the management and sustainable development of forests, up-stream timber harvesting and the sale of logs.

On Nov.15, 2010, SAIC Motor Corporation, Ltd. (SAIC Motor, 600104.SH ) obtained approval from the China Securities Regulatory Commission (“CSRC”) to launch a non-public offering of shares. The firm will offer no more than 0.9 billion A shares to no more than ten institutional investors, raising no more than RMB 10 billion. Jia Yuan Law Firm advised the issuer and provided comprehensive legal services for this non-public offering.

SAIC Motor went public in November 1997 and was listed on Shanghai Stock Exchange, currently its controlling shareholder is Shanghai Automotive Industry Corporation (Group). The firm is a leading manufacturer of passenger vehicles, the largest mini-vehicle maker as well as an automotive maker that has the biggest sales volume in China today. In 2009 SAIC Motor sold over 2.725 million vehicles, continuing its leading position among the major auto groups in China.

On October 20, 2010, Shenzhen Huaxing Photoelectric Technology Co. Ltd. (“Huaxing Photoelectric”) signed a Syndicated Loan Agreement with 5 banks, The 1.28 billion US dollars(about RMB 8.3 billion) syndicated loan is led by State Development Bank and Export-Import Bank of China, Other participating banks include Industrial and Commercial Bank of China Guangdong Branch, China Construction Bank Shenzhen Branch, and Shenzhen Development Bank Shenzhen Branch, The proceeds from the syndicated loan will be used to the 8.5-generation thin film transistor liquid crystal display (TFT-LCD) production line in Shenzhen .

Huaxing Photoelectric, the project's main operational body, is a joint venture invested by TCL Corporation and Shenzhen Century Science & Technology Investment Corporation. The 8.5-generation TFT-LCD production line is the largest investment project since Shenzhen City was established in 1980, and is so far the highest-generation domestic TFT-LCD production line in China.

Jiayuan advised Huaxing Photoelectric on PRC law, assisted the company in documentation, negotiating, deal structuring and financing.

On October 13, 2010, China Suntien Green Energy Corporation Limited. (“Suntien”) listed on the main board of The Stock Exchange of Hong Kong Limited. (stock code:00956.HK). Suntien issued 1077 million shares at a fixed price of HKD 2.66 per share, raising nearly HKD 2.8 billion.

Being a flagship enterprise in clean energy in North China , Suntien is among the top ten largest wind power operating companies in the PRC in terms of consolidated installed capacity as of the end of 2009, and the firm is one of the largest operators of natural gas transmission and distribution facilities in Hebei Province.

Jiayuan served as Suntien 's PRC legal counsel.

On October 5, 2010, Ford Glory Group Holdings Limited(Ford Glory , 01682.HK ) commenced trading on the Main Board of The Stock Exchange of Hong Kong Limited. Ford Glory offers an aggregate of 118,000,000 shares in its Global Offering, The net proceeds raised from the Global Offering is about HK$ 52.1 million.

Ford Glory is a well-developed sourcing management company with production capabilities which operates a one-stop shop business model. It provides the customers a comprehensive range of services covering the entire supply chain of garment products.

CIMB Securities (HK) Limited is the Sole Bookrunner, Sole Sponsor and Sole Lead Manager of the Global Offering. JiaYuan Law Firm acts as the PRC Legal adviser to CIMB Securities (HK) Limited .

On 24 Sept. 2010, Magic Holdings International Limited (Magic Holdings, 01633.HK), a leading brand in the facial masks industry in China, commenced trading on the Main Board of The Stock Exchange of Hong Kong Limited.

Magic Holdings offers an aggregate of 200,000,000 shares in its Global Offering, The net proceeds raised from the Global Offering is approximately HK$ 608 million. Magic Holdings is principally engaged in the research and development, manufacture and sales and marketing of facial masks and other skincare products in China. According to the CTR Reports, Magic brand had the largest market share of 15.1% in the facial mask industry in China in 2009 in terms of retail sales, securing the No.1 position in the market.

BOCI Asia Limited is the Sole Global Coordinator, Sole Bookrunner, Sole Sponsor and Sole Lead Manager of the Global Offering. JiaYuan Law Firm acts as the PRC Legal adviser to BOCI Asia Limited .

On Aug 27, 2010, Zhonghang Electronic Measuring Instruments Co., Ltd (ZEMIC, 300114.SZ) was successfully listed on the GEM Board of the Shenzhen Stock Exchange, raising about RMB 0.5 billion for 20 million shares. JiaYuan Law Firm acted as Legal adviser to the issuer and provided comprehensive legal services for the company.

Zhonghang Electronic Measuring Instruments Co., Ltd is the biggest weighing apparatus components manufacturer nationwide, and one of the biggest strain gages and load cells suppliers in the world.

On Aug 16, 2010, Jihua Group Corporation Limited (Jihua Group, 601718.SH ) was successfully listed on the Shanghai Stock Exchange, raising about RMB 4 billion for 1.157 billion shares. Jia Yuan acted as the Adviser to Issuer for Jihua Group's IPO and advised Jihua on PRC law.

On Aug 12, 2010, Infinity Chemical Holdings Company Limited (Infinity Chemical, 00640.HK ) was successfully listed on the main board of HongKong Stock Exchange, raising about HKD 54 million for 125 million shares. Jia Yuan acted as the PRC Legal adviser to the issuer.

On February 9, 2010, China First Heavy Industries Co. Ltd ( CFHI, 601106.SH) was successfully listed on the Shanghai Stock Exchange, raising about RMB11.4 billion for 2 billion shares.

CFHI is one of state-owned key enterprises concerned with national security and economy. It is China's largest heavy industries manufacturing enterprise, China's biggest metallurgical equipment manufacturer, China's largest nuclear power equipment and forgings manufacturing enterprise and one of the leading enterprises in castings and forgings equipment industry worldwide.

 Jia Yuan advised CFHI on PRC law.

On December 10, 2009, China Longyuan Power Group Corporation Limited ( China Longyuan, 00916.HK ) was successfully listed on the main board of Hong Kong Stock Exchange. The global offering of China Longyuan comprised a total of 2.1 billion H shares and has raised gross proceeds of approximately HK$17.5 billion, or HK$20.1 billion upon the full exercise of the overallotment option. This IPO is by far the eighth largest worldwide this year and the world's third largest alternative energy initial public offering since 1999 .

China Longyuan is the China 's biggest wind-power generator, with a 24% domestic market share. It is also No. 1 in Asia Pacific (11% market share) and No. 5 in the world (2.4%) by total installed wind-power capacity as at end-2008. The brand “Longyuan Wind Power” was awarded “The Most Valuable 500 Brands in Asia ” in 2008, reflected the brand's strong market position .

In this deal , Morgan Stanley Asia Limited acted as sole global coordinator and sole sponsor , Morgan Stanley Asia Limited and UBS AG acted as Joint Bookrunners 、 Joint Lead Managers and Joint Financial Advisors. Jia Yuan Law Firm acted as the PRC Legal adviser to the issuer .

On December 3, 2009, China Forestry Holdings Co.,Ltd ( China Forestry, 00930.HK ) was successfully listed on the main board of HongKong Stock Exchange, raising about HKD1.5 billion for 750 million shares.

China Forestry is one of the three largest private forestry plantation operators in China .

Cazenove Asia Ltd.and UBS AG were the Sponsors . Jia Yuan acted as the PRC Legal adviser to sponsors.

On October 15, 2009, China International Travel Service Co., Ltd.(“ CITS ”) (601888.SH) was successfully listed on the Shanghai Stock Exchange, raising about RMB2.6 billion (US$382.3 million) for 220 million A shares.

CITS is one of the largest travel agents in China .

Jia Yuan was issuer 's counsel in this IPO of A shares.

On September 21, 2009, Metallurgical Corporation of China Limited (“ MCC ”) (601618.SH) was successfully listed on the Shanghai Stock Exchange, raising about RMB19 billion (US$2.8 billion) for 3.5 billion A shares; on September 24, 2009, MCC （ 01618.HK ） was successfully listed on the Hong Kong Stock Exchange, raising about HK$18.3 billion for 2.87 billion H shares. The IPO is by far the largest in Hong Kong and the second largest worldwide this year.

MCC, ranking 380th among the 2009 FORTUNE Global 500 companies and 27th among the 2009 China Top 500 companies, is one of the largest construction conglomerates in China and worldwide, operating in construction, resource development, manufacturing, real estate and many other sectors.

Jia Yuan was issuer's PRC counsel in this IPO and dual listing of “A+H” shares.

Jia Yuan advised China Railway Group Co., Ltd. ( 601390.SH )( 00390.HK ) on its issuance of up to RMB12 billion corporate bonds. The issuance was approved by CSRC on September 9, 2009. The issuance will be made in instalments. The first instalment is expected to raise RMB6 billion.

Jia Yuan was issuer's PRC counsel in this issuance.

Jia Yuan advised Changjiang Securities Co., Ltd. (“ CS ”) (000783.SZ) on its allotment of A shares. The allotment, expected to raise RMB4 billion for 502 million A shares, was approved by CSRC on August 28, 2009. In the allotment, existing shareholders are entitled to subscribe for 3 shares for each of 10 existing shares.

Jia Yuan was issuer's counsel in this allotment.

On Aug 21, 2009, Accelink Technologies Co., Ltd (002281.SZ ) was successfully listed on the Small and Medium Enterprise Board of the Shenzhen Stock Exchange.

Accelink is a leading provider of optical components and subsystems. As the biggest supplier of China within the industry, Accelink becomes the first public company to issue stock.

JiaYuan served as issuer’s counsel to Accelink Technologies Co., Ltd.

Jia Yuan advised China Communications Construction Co., Ltd. (“ CCC ”) (01800.HK) on its issuance of up to RMB12 billion corporate bonds. The issuance was approved by CSRC in August 2009. CCC is the second H share company to issue corporate bonds in mainland China , second only to Sinoma (01893.HK).

Jia Yuan was issuer's PRC counsel in this issuance.

On Aug 4,2009, Panzhihua New Steel & Vanadium Co., Ltd. Announced that the asset reorganization plan and group listing deal was completed.

In this deal, Panzhihua New Steel & Vanadium Company Limited purchased Panzhihua Iron & Steel Group Co.'s businesses and assets relating to iron, steel, vanadium and titanium by issuing new shares, and further acquired Chongqing Titanium Industry Co.Ltd of Pangang Group and Pangang Group Sichuan Changcheng Special Steel Co., Ltd. by share swap.

This deal so far is the most complex reorganization case in China 's capital market in terms of its structure, and is widely considered a pioneering and creative advance in the merger of multiple listed companies. Along with other matters, the discussions on dissenting shareholder's demand for fair cash value of shares and how to exercise options separated from convertible bonds will have a long-lasting and significant impact on the perfection of laws and regulations with respect to China 's capital market.

Jia Yuan advised China National Materials Company Limited (“ Sinoma ”) (01893.HK) on its issuance of up to RMB2.5 billion corporate bonds. The issuance was approved by CSRC in July 2009. Sinoma is the first H share company to issue corporate bonds in mainland China .

Jia Yuan was issuer's PRC counsel in this issuance.

Jia Yuan has won the worldwide acceptance and great reputation in the securities market through providing the tailored and solution-oriented legal services of high quality to its clients. In the past few years, Jia Yuan has been frequently given high rankings. Below is a summary of Jia Yuan's Rankings by Bloomberg from 2006:

Legal Adviser League Tables, Bloomberg 2008

China A Share Equity IPO Issuer Advisor, 1st in China       
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Legal Adviser League Tables, Bloomberg 2007

Asia ex-Japan Equity IPO Issuer Advisers, 8th Globally, 3rd in China       
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HKSE Equity IPO Issuer Advisers, 7th Globally, 3rd in China       
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HKSE Equity IPO Manager Advisers, 16th Globally, 8th in China       
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Legal Adviser League Tables, Bloomberg 2006

Global Equity IPO Issuer Advisers, 19th Globally, 3rd in China       
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Asia ex-Japan Equity IPO Issuer Advisers, 9th Globally, 3rd in China    
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HKSE Equity IPO Issuer Advisers, 8th Globally, 3rd in China       
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Jiayuan won the “ Capital Market Deal of the Year 2008 ” awarded by Asia Law & Practice for the IPO of Chenming Paper's H shares in Hong Kong,in which Jiayuan acted as the PRC counsel to the underwriters.
Jiayuan did an excellent job acting as Chinese attorneys for Guotai Junan Securities (Hong Kong) and Macquarie Group . The Award was the affirmation of Jiayuan's performance and capability. This once again showed Jiayuan Law Firm has been well recognized among foreign and domestic financial institutions as a leading law firm in China's capital market.

China South Locomotive & Rolling Stock Corp.("CSR") is the largest train maker in China. JiaYuan acted as China law counsel to underwriters on CSR's IPO and dual listing in Shanghai and Hong Kong. On 18 Aug 2008, CSR’s A-shares started trading on the Shanghai Stock Exchange. Subsequently, on 21 Aug 2008, CSR’s H-shares commenced trading on the main board of the HKSE.

In resent years, The Yangtze River Delta, with Shanghai as the center, has become the focus of economic development and multinational's investment in China. Jiayuan law firm, with the headquarter in Beijing, opened its Shanghai office resently, The new office will deal with topics ranging from finance, mergers and acquisitions, venture capital, private equity, foreign direct investment to trading of capital market. This is another milestone in the development of Jiayuan law firm.

Lianhe Chemical is a leading manufacturer of fine chemical intermediates in China. On June 19, 2008, Lianhe Chemical Technology(SZSE 002250) was successfully listed on the Small and Medium Enterprise Board of the Shenzhen Stock Exchange.

Shandong Chenming Paper Holdings Ltd, the fourth largest paper producer in China by production capacity, offered 355.7million shares and raised HKD3,201.30million in Hong Kong initial public offering. On 18 June 2008, its H-shares commenced trading on the HKSE, under the symbol "1812" . Chenming Paper is the first Chinese-listed company with all three types of shares -- yuan-denominated A shares and foreign currency B shares in mainland China and Hong Kong-listed H shares("A+B+H").
The deal was sponsored by Guotai Junan Securities and Macquarie, JiaYuan acted as China law counsel.

JiaYuan represented SAIC Motor Corporation Limited (“SAIC Motor”), China's biggest car maker, on its issuance of US$855 million (RMB6.3 billion) separately tradable convertible bonds. In December 2007, SAIC Motor issued 63 million convertible bonds. Each bond has a face value of RMB100 and carries 3.6 stock-subscription warrants issued by SAIC Motor free of charge, exercisable at the end of 24 months at a price of RMB27.43 per share. The issuance of convertible bonds is another important initiative of SAIC Motor since its restructuring in 2006 whereby SAIC Motor listed its entire-vehicle business through a private placement. JiaYuan also advised SAIC Motor on its 2006 restructuring.

JiaYuan represented China CITIC Securities (“CITIC Securities”) on its cross-shareholding plan with Bear Stearns. CITIC Securities and Bear Stearns agreed to a cross-shareholding plan and to form a strategic alliance. Under the term of deal, CITIC Securities was to invest US$1 billion in Bear Stearns and receive securities that will convert over time into a roughly 6% equity stake in Bear Stearns, CITIC Securities also would have the right to buy a stake of as much as 3.9 percent of Bear Stearns in the public market, for total eventual holdings of no more than 9.9 percent of Bear Stearns’ stock. On the other side, Bear Stearns would invest US$1 billion in CITIC Securities’ convertible debt which over time would amount to a 2 percent stake in CITIC Securities. Bear Stearns also would be given options to buy an additional 5 percent of CITIC Securities, exercisable over the course of five years. They also planned to set up a Hong Kong-based joint venture investment bank. CITIC Securities pulled out of the cross-shareholding plan after the announcement that Bear Stearns was being sold to JPMorgan Chase.

JiaYuan acted as China law counsel to China Railway Group Limited ("China Railway") on its US$5.5 billion dual listing in Shanghai and Hong Kong. On 21 November 2007, China Railway successfully commenced its US$3.0 billion (RMB22.4 billion) A-share IPO. The Company’s A-shares started trading on the Shanghai Stock Exchange under the ticker of 601390.CH on 3 December 2007. Subsequently, on 30 November 2007, China Railway successfully commenced its US$2.5 billion (HK$19.2 billion) H-share IPO, with an over-allotment option to increase the size of the offering to US$2.8 billion (HK$22.1 billion) on the Hong Kong Stock Exchange ("HKSE"). The Company’s H-shares commenced trading on the main board of the HKSE under the ticker of 0390.HK on 7 December 2007.

This is the largest equity offering for an infrastructure company in Asia ex-Japan. This transaction pioneered the 'first A then H' listing model ever in the history whereby a PRC company's H-shares are listed in Hong Kong closely following the listing of A-shares in Shanghai. This landmark listing model provides Chinese companies with the flexibility of listing in China first to satisfy the latest local requirements as well as strong investor demand and immediately conducting an IPO in Hong Kong to access larger pools of international capital.

China Railway, a FORTUNE Global 500 company and a top-500 world brand, is the largest integrated construction group in Asia and the third largest construction contractor in the world, based on its total contracting revenue in 2006.

JiaYuan served as underwriter's counsel in connection with Sinotrans's HK$10 billion initial public offering and listing of "H" shares (HK0368)

JiaYuan advised China Coal Energy Company Limited (“China Coal Energy”), as China law counsel, on its US$1.69 billion (HK$13.15 billion before exercise of the over-allotment option) global offering. The H-shares commenced trading on the Hong Kong Stock Exchange under the ticker of 1898 HK. Subsequently, China Coal Energy successfully listed its US$3.5 billion (RMB 25.3 billion) A-shares on the Shanghai Stock Exchange (“SSE”). The Company’s A-shares commenced trading on the SSE under the ticker of 601898.SH on 1 February 2008.

China Coal Energy is the second largest coal enterprise in China based on its 2005 revenue and the fifth largest public coal company in the world in terms of coal reserves. It was established in 2006 through a restructuring by its parent company, China National Coal Group, one of only two Chinese Coal companies reporting directly to the central government. JiaYuan also advised China National Coal Group on the restructuring which involves complicated legal issues under Chinese law, including the structuring of management, ownership and operations, as well as foreign investment and foreign exchange control issues. As part of the restructuring, China National Coal Group transferred to China Coal Energy substantially all its assets and interests related to coal, coke manufacturing, coal mining equipment manufacturing, and coal mine design and other related businesses.

JiaYuan represented PRC state-owned enterprise Sinoma International Engineering Co., Ltd., (“Sinoma”, otherwise known as China National Materials Company Limited) on its US$540 million (HK$4.19 billion) global initial public offering and listing on the Main Board of the Hong Kong Stock Exchange. Sinoma is the only fully integrated company in the non-metals materials industry in China and ranks as one of the five largest producers of glass fiber in the world and third largest in China. It has a 90 percent market share in China’s cement equipment and engineering sector.

JiaYuan advised Hunan Nonferrous Metals Corporation Limited (the “Company”), as China law counsel, on its US$262 million global IPO and listing on the Hong Kong Stock Exchange and its subsequent placing of new shares. On 9 July 2007, the Company entered into a placing agreement with Morgan Stanley and BOCI Asia Limited in relation to the placing, on a fully underwritten basis, of an aggregate of 272,118,000 H-Shares (the “Placing Shares”) at a price of HK$4.93 per H-Share. The Placing Shares comprise (1) 247,380,000 H-Shares to be allotted and issued by the Company and (2) 24,738,000 H-Shares to be converted from the same number of existing State-owned domestic shares that are to be allocated from several State-owned shareholders to the National Social Security Fund Council of the PRC. The Placing Shares represent approximately 7.96 percent of the existing issued share capital of the Company and approximately 7.42 percent of the issued share capital of the Company as enlarged by the issue of the new shares. The gross proceeds from the placing of new shares were approximately HK$1,220 million.

China Aviation Industry Corporation I (AVIC I) planed to integrate its heavy equipment businesses, including gas turbine, metal forging, radiator and hydraulic products, through its controlled entity Guizhou Liyuan Hydraulic Co., Ltd.

Guizhou Liyuan Hydraulic Co., Ltd. acquired the assets of relevant subsidiaries of AVIC I, with 70,791,400 newly issued shares of common stock as consideration. This transaction involved reorganization and listing of assets of aviation, aerospace and defense industries. The transaction was approved by the China Securities Regulatory Commission and the Commission of Science Technology and Industry for National Defense.

JiaYuan served as issuer’s counsel to Guizhou Liyuan Hydraulic Co., Ltd. in this transaction.