Well Hope Development Limited which is wholly owned by Haier Group Corporation (“Haier”) successfully issued US$1,000,000,000 3.875% Perpetual Capital Securities and listed on the Singapore Exchange Securities Trading Limited on 20 October 2017. This is the first offshore security issued by Haier.

Haier is one of the world’s leading white goods manufacturers. Haier has leveraged equity capital markets to raise funds through its listed subsidiaries---- Qingdao Haier Co., Ltd. (600690 SH) and Haier Electronics Group Co., Ltd. (1169 HK).

Bank of China, BNP PARIBAS, DBS Bank Ltd. are the joint global coordinators, joint bookrunners and joint lead managers. BOCOM HK Brach, China Construction Bank, HSBC, Industrial Bank Co., Ltd, ICBC, UBS, Zhongtai International are the joint bookrunners and joint lead managers. Global Law Office acted as the joint lead managers’ PRC legal counsel and provided a full range of legal services. The project team of Global Law Office was led by our partners Mr. Liu Jinrong and Ms. Kang Qiuning, and the other team members include Zhu Ruiqing, Li Bing and Zhang Sijing.