On 4 January 2022, the application filed by Shanghai Huaming Power Equipment Co., Ltd. (“Shanghai Huaming”, 002270.SZ) for its non-public offering of A-shares was passed and approved by China Securities Regulatory Commission. 

Shanghai Huaming is engaged in research, development, manufacturing, and sales of on-load/de-energized tap-changers for power transformer as well as other construction projects.  It intends to raise the fund up to RMB 500,000,000 in this non-public offering to repay its debts and supplement the working capital for products research and development, marketing and strategic development. 

Grandall Shanghai Office has been retained as its special legal counsel for the non-public offering project, with LIU Wei, LIN Zhen, and JIN Yu as key lawyers serving the case.