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On 5 April 2017, Beijing Forever Technology Co., Ltd. (stock code: 300365; abbreviated name: Forever Technology)’s application for non-public offering of no more than 21,398,002 stocks (“Offering”) got approved by the Issuance Examination Committee of China Securities Regulatory Commission (“CSRC”). The amount of fund raised in this offering would be no more than RMB 750 million.

Founded in 2000, Forever Technology is an internet service provider targeting smart grid. It has always been keen on application of IT, idea and technology of Internet of Things, and endeavors to provide smart grid with integrated information service for its full life cycle. This Offering would greatly benefit it in getting a grip of industry trend as well as enhancing its competitiveness.

Su Bo, Chen Zhongye and Zhang Wenliang, partners of Guantao, and Xiong Youqiu, Cai Wenjie, Zhang Dingcheng provided legal services for Forever Technology in this Offering.