Conyers acted as special legal counsel in Cayman Islands to SCPG Holdings Co., Ltd. (“SCPG”) in connection with an offering of certain : (i) medium term corporate bond with an aggregate value up to RMB2 billion and (ii) short term corporate bond with an aggregate value up to RMB500 million to be issued by SCPG Commercial Properties Co., Ltd., a wholly owned subsidiary of the Company and to be listed on the Inter-bank market in the PRC with Industrial Bank acting as the sponsor.

Partner Wynne Lau of Conyers’ Hong Kong office advised on the matter.

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