January 24, 2013, Shaoxing Urban Village Reconstruction Investment Co., Ltd successfully issued CNY 1.2 billion 7-year 6.5% bonds.

Founded on August 23, 2002, Shaoxing Urban Village Reconstruction Investment Co,.Ltd is principally engaged in urban village reconstruction, primary land development, infrastructure construction and affordable housing construction. The company has made significant contribution to the improvement of the local people's living level and the entire urbanization of Shaoxing.

Jingtian & Gongcheng acted as the issuer's counsel.