On 9 July, 2015, the application filed by Shanghai Automation Instrumentation Co., Ltd. (600848.SH, “Shanghai Automation”) for material assets replacement, purchase of assets by issuing shares and fund raising (“Reorganization”) was passed and approved conditionally on the 58th meeting of the Merger and Restructuring Committee of Listed Company, CSRC.

The assets injected into Shanghai Automation consist of 100 % equity owned by Shanghai Lingang Group (the “Lingang Group”), and equities from three companies affiliated thereto.  After the Reorganization, both of the controlling right and principal business of Shanghai Automation have been changed, and Lingang Group has thus finished its back-door listing.

Grandall Law Firm (Shanghai) has been retained as the legal counsel for Shanghai Automation, with Ms. LIN Lin, Mr. DI Chaoping, Mr. ZHOU Yi, Ms. TANG Jie and Ms. ZHAI Tingting being the key lawyers servicing the case.