Announcement

Eric Chow & Co. in Association with Commerce & Finance Law Offices (“TSHK”) recently represented Immunotech Biopharm Ltd (HKEx: 6978) (the “Company”) on its issuance of RMB300 million of convertible bonds under specific mandate, bearing an interest rate of 6% per annum and a maturity date of 3 years from the date of issuance (the “Convertible Bonds”). Subject to the adjustment events, the conversion price of the Convertible Bonds initially was HK$4.81 per conversion share.

TSHK represented the company in its listing on the Main Board of the Hong Kong Stock Exchange back in 2020. We have been their annual retained counsel since its listing. Immunotech Biopharm is a pre-revenue biotechnology company and is currently focusing on the research, development and commercialisation of T cell immunotherapy.

TSHK provided comprehensive legal services to Immunotech Biopharm Ltd throughout this transaction, including the drafting and reviewing of announcements and circular of the Company, comply with all the requirements under the Hong Kong Listing Rules, negotiation and liaison with the regulatory authorities.

TSHK team was led by Managing Partner Eric Chow, Partner Clement Jiang and Partner Brandon Chow, supported by Associate Carol Chan.

Eric Chow & Co. in Association with Commerce & Finance Law Offices (“TSHK”) recently advised in a HK$224.7 million Convertible Preference Shares issuance of Aidigong Maternal & Child Health Limited (HKEx: 0286) (“Aidigong”). In this transaction, Aidigong Maternal & Child Health Limited (the “Company”) allotted and issued 187,265,918 Class A Convertible Preference Shares and 187,265,918 Class B Convertible Preference Shares, representing a subscription price of HK$0.5 per Class A Convertible Preference Share and HK$0.7 per Class B Convertible Preference Share, to the subscriber whose general partner is Zhuhai Gao Ling Deyou Investment Management Co., Ltd. (珠海高瓴德祐投資管理有限公司) .

Tongshang Hong Kong provided comprehensive legal services to Aidigong throughout this transaction, including the full compliance with all requirements under the Hong Kong Listing Rules, the drafting and reviewing of announcements on the Hong Kong Stock Exchange, negotiation and liaison with the regulatory authorities and offshore counsel.

Aidigong Maternal & Child Health Limited is a PRC company principally engaged in postpartum care and healthcare services in the PRC and Hong Kong. It operates through postpartum care services, health industry, and other segments.

TSHK team was led by Eric Chow (Managing Partner) and Brandon Chow (Partner), supported by Winnie Tang (Senior Associate), Evelyn Cheung (Associate) and Yunsi Xie (Legal Assistant).

Congratulations to our Hong Kong Partner, Brandon Chow, for being recongised as one of the Hong Kong’s Rising Stars 2023 by Asian Legal Business (“ALB”). Brandon has demonstrated great potential throughout his 11 years of legal experience while highly acclaimed by clients and peers, with one client says “Brandon is our trusted legal gatekeeper and instrumental to our business development. He is very knowledgeable in the legal field and offers sound commercial solutions.”

Tongshang and Tongshang Hong Kong jointly represented Guiyang County Rongcheng Holding Group Co., Ltd. (桂陽縣蓉城控股集團有限公司) on its issuance of CNY 258 million 5% credit enhanced bonds in China (Shanghai) Pilot Free Trade Zone due 2026 supported by an irrevocable standby letter of credit issued by Bank of Hunan Corporation Limited and listed on the Chongwa (Macao) Financial Asset Exchange Co., Ltd. (Stock code: MOXLB2322).

Guiyang County Rongcheng Holding Group Co., Ltd. is a wholly state-owned enterprise that serves as a core operating entity in carrying out infrastructure construction and upgrading activities in Guiyang County, Chenzhou City, Hunan Province. China Construction Bank (Asia) Corporation Limited acted as the trustee and principal paying agent in this transaction.

Tongshang Hong Kong team was led by Managing Partner, Eric Chow, and Partner, Priscilla Lee, supported by Registered Foreign Lawyer, Kevin Tian, Associate, Kathleen Liu, Trainee Solicitor, Sofia Long and Legal Assistant, Ziwei Qiu.