On the morning of June 9, 2022, the share issuance and asset purchase project of Sichuan Development Lomon Co., Ltd. (hereinafter referred to as "SDLomon", stock code: 002312) was reviewed and approved by the Committee for M&A and Restructuring of Listed Companies, China Securities Regulatory Commission (CSRC). Not just serving as the special legal counsel to this project, Tahota also provided special legal consulting for Sichuan Advanced Material Industrial Investment Group (hereinafter referred to as "Sichuan Advanced Material Group"), a subsidiary of Sichuan Development Holding Co., Ltd. (hereinafter called "Sichuan Development"), to acquire the control right of SDLomon through a full purchase of the non-public shares of SDLomon (originally Chengdu Santai Holding Co., Ltd.).

Sichuan Development is the only state-owned capital operation company of Sichuan province with the integration of financial holding, industrial investment guidance and enterprise reform and development. It has built "six sectors" including finance, emerging industries, infrastructure and real estate, competitive industries, modern service industry and international business and gives top priority to the investment of transportation, energy, mineral resources, water affairs, tourism, agriculture, environmental protection, development of superior resources, emerging industries, health care and medical treatment, finance and quasi-finance, and other fields authorized by Sichuan provincial government. 

We, as the special legal counsel to this project, not only paid attention to the regulatory trends and new regulations, but also judged the overall legal compliance and practicality of the project and responded quickly with suggestion adjustments, which asks much for lawyers' ability of risk pre-identification, control of overall plan, crisis response, rapid response and teamwork. We have fully participated in the business negotiation, plan formulation, agreement drafting and compliance transformation, and have helped the project get registered at State-owned Assets Supervision and Administration Commission of Sichuan Province and pass the inquiry of the Exchange and China Securities Regulatory Commission (CSRC), and finally obtain an approval from China Securities Regulatory Commission (CSRC). The high-quality legal services we provided for this project have been highly praised by our clients.