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On 5 September 2017, Zhongli Group (stock code: 002309) got approved by China Securities Regulatory Commission to non-public offer of no more than 23267 shares.

Zhongli Group, founded in 1988, is focused on special cables, optical fiber cables, PV products and power plant operations. The business scope has expanded to communication cables, marine cables, mining cables, railway cables, power control cables, new energy cables, optical fiber cables, solar cells and components, construction and operation of solar photovoltaic power stations as well as electronic products.

This non-public offering will enhance the competitive strength and industry status of Zhongli Group in areas of PV power plant and communication cables, optimizing assets-debts structure, reducing financial risk and consolidating core competitiveness.

Chen Yang and Wang Mengying of Guantao Shanghai office provided full legal services to this project.