After intensive preparation and active participation of all staff, we successfully joined Qilu equity custody and trading center on November 12, 2013, becoming one of the eight law firms in Shandong Province with the agency qualification for Qilu equity listing and trading, and can engage in legal services in corporate listing, corporate investment and financing, etc.

Qilu equity custody and trading center is a Shandong non listed company equity custody and transfer platform officially established in december2010 in accordance with the policy provisions of the national "blue yellow" economic zone development strategy, the strategic deployment of the provincial Party committee and the provincial government (LF [2010] No. 10) "improving and developing the Provincial equity trading market" and the requirements of developing the provincial equity trading market construction pilot.

Advantages of equity financing in Qilu equity:

First, long-term. The funds raised by equity financing are permanent, have no maturity date and need not be returned.

Second, irreversibility. The enterprise does not need to repay the principal and interest when using equity financing. Investors need to rely on the circulation market if they want to recover the principal.

Third, no burden. Equity financing has no fixed dividend burden, and the payment of dividends depends on the company's business needs.

Fourth, rapidly improve the level of enterprise management. In order to obtain the qualification of equity financing, it is necessary to quickly standardize the financial system, corporate governance, standardized operation, expand influence, etc., and actively prepare for the next step to enter the main board, small and medium-sized board, and gem markets.

Fifth, the financial subsidies in Shandong are favorable. If the enterprise can successfully list its shares in Qilu, local governments will give a certain amount of financial subsidies.