Extensive Experience

Since the promulgation of the new Enterprise Bankruptcy Law in 2007, Fidelity has undertaken or led a large number of bankruptcy liquidation, restructuring, and compulsory liquidation cases across Fujian Province, accumulating extensive practical experience in bankruptcy legal affairs. Most members of Fidelity’s bankruptcy team possess interdisciplinary professional backgrounds, with expertise spanning economics, accounting, taxation, asset valuation, business management, computer science, and multiple languages.

As a pioneer among bankruptcy administrators in Fujian Province, Fidelity handled the majority of corporate restructuring cases in the province during the decade following the implementation of the 2007 Bankruptcy Law. The firm has also managed numerous landmark and representative bankruptcy cases, many of which have been recognized as exemplary cases by municipal courts and the Fujian Provincial High People’s Court.

Comprehensive Qualifications

Fidelity has obtained administrator qualifications at the provincial level and across all nine prefecture-level cities in Fujian Province.

(1)In 2007, Fidelity and its Managing Partner, Lawyer Wang Ping, were among the first to receive both institutional and individual bankruptcy administrator qualifications from the Fujian Provincial Higher People’s Court.

(3)In December 2015, Fidelity’s Quanzhou Branch obtained the first batch of bankruptcy administrator qualifications from the Quanzhou Intermediate People’s Court.

(4)In October 2016, Fidelity’s Longyan Branch obtained the first batch of bankruptcy administrator qualifications from the Longyan Intermediate People’s Court.

(5)In December 2016, Fidelity’s Fuzhou Branch obtained the first batch of bankruptcy administrator qualifications from the Fuzhou Intermediate People’s Court.

(6)In March 2019, Fidelity’s Zhangzhou Branch obtained the first batch of bankruptcy administrator qualifications from the Zhangzhou Intermediate People’s Court.

(8)In July 2020, Fidelity obtained bankruptcy administrator qualifications from the Nanping Intermediate People’s Court.

(9)In July 2020, Fidelity’s Putian Branch obtained bankruptcy administrator qualifications from the Putian Intermediate People’s Court.

(10)In May 2021, Fidelity’s Sanming Branch obtained bankruptcy administrator qualifications from the Sanming Intermediate People’s Court.

Lawyers from each of Fidelity’s branch offices have also obtained individual bankruptcy administrator qualifications from their respective local courts.

Industry Leadership

Bankruptcy Administrators Association

(1)In 2016, Fidelity, as one of the principal initiators, established the Xiamen Bankruptcy Administrators Association — the first self-regulatory organization for bankruptcy administrators in Fujian Province and the fourth in China. Wang Ping, Managing Partner of Fidelity, was elected as the association’s first president.

At present, Fidelity is primarily responsible for the association’s daily operations and has independently developed its management, self-discipline, and evaluation systems. Among these, the self-regulation and evaluation mechanisms are pioneering and leading nationwide.

(2)Since 2017, bankruptcy administrators associations have been established successively across Fujian’s various cities. Lawyers from Fidelity’s branch offices have taken up key roles in these local associations, contributing Fidelity’s advanced concepts and extensive practical experience to the development and operation of local associations.

(3)In 2023, Lawyer Wang Ping of Fidelity was elected as the first president of the Fujian Provincial Bankruptcy Administrators Association. Fidelity serves as both the president unit and an executive council member of the association. Several Fidelity lawyers were also elected as deputy directors of working committees and directors of professional committees within the association.

Bar Association Bankruptcy and Reorganization Committees

(2)In 2023, Lawyer Wang Ping from Fidelity was elected as the Deputy Director of the Bankruptcy, Liquidation, and M&A Reorganization Professional Committee of All China Lawyers Association.

Recognition by Legal Ranking Institutions

(4)In 2020, Chambers launched its first Fujian Lawyers Ranking in the Corporate/Commercial Field, listing only two “Eminent Practitioners” — among whom was Wang Ping, Managing Partner of Fidelity.

(7)In 2024, Wang Ping was listed in the Lexis Nexis Boutique Legal Service Brand Guide (2024): Insolvency Sector, and was awarded the title of Leading Lawyer – Insolvency Brand Star of the Year 2024.

(2)In 2016, the Quanzhou Intermediate People’s Court initiated the review of 34 bankruptcy cases in two batches and invited professional intermediary institutions nationwide to serve as expert consultants. Fidelity was honored to be selected as one of these expert advisors, contributing to the training and development of local administrator teams in Quanzhou.

(3)In 2017, the Quanzhou Intermediate People’s Court selected the top ten exemplary bankruptcy cases for the first time, and two cases handled by Fidelity were included in the list.

(4)In 2018, Fidelity’s case involving Fujian’s largest execution–pre-settlement–bankruptcy settlement process was selected by the Xiamen Intermediate People’s Court as one of the “2018 Xiamen Court Typical Bankruptcy Cases.”

(5)In 2020, the Fuzhou Intermediate People’s Court selected the “Top 10 Typical Bankruptcy Cases of Fuzhou Courts (2019–2021),” among which one case led by Fidelity was included — the only bankruptcy settlement case recognized among the ten.

(6)In 2021, the Sanming Intermediate People’s Court selected five exemplary bankruptcy cases for the first time, and two cases managed by Fidelity were selected.

(7)In 2021, the Fujian Lawyers Association compiled the Compilation of Classic Cases of Fujian Lawyers, and three bankruptcy reorganization cases led by Fidelity were included — the only bankruptcy-related cases featured in the publication.

(8)In 2021, the Fujian High People’s Court, Fujian People’s Procuratorate, Fujian Department of Justice, and the Fujian Federation of Industry and Commerce jointly compiled the Selected Compilation of Enterprise-Related Cases and Legal Policies, in which a bankruptcy reorganization case handled by Fidelity was the only bankruptcy case included.

(9)In 2022, the Xiamen Intermediate People’s Court selected the “Top 10 Typical Bankruptcy Trials (2020–2022),” and three cases managed by Fidelity were included.

(10)In 2022, the Fujian High People’s Court selected the “2022 Fujian Court Typical Bankruptcy Trials,” and two cases — one handled directly by Fidelity and another in which it served as a restructuring investor advisor — were selected as model cases.

(11)In 2023, the Ningde Intermediate People’s Court selected the “Top 7 Typical Bankruptcy Cases of the Ningde Courts,” and one liquidation case undertaken by Fidelity was included.

(12)In 2024, the Fujian High People’s Court, along with multiple provincial institutions, jointly published the Selected Compilation of Enterprise-Related Cases and Legal Policies, which included a bankruptcy reorganization case managed by Fidelity — the only corporate reorganization case featured.

(13)In 2024, the Fujian High People’s Court reviewed and published Typical Bankruptcy Cases of Real Estate Enterprises in Fujian Courts as part of its “Promoting Stability Through Reorganization” series. A bankruptcy reorganization case led by Fidelity was selected and publicly featured.

(14)In 2025, the Fuzhou Intermediate People’s Court issued a White Paper on Bankruptcy Trials and selected the “Top 10 Typical Bankruptcy Cases of Fuzhou Courts (2020–2024),” among which a bankruptcy settlement case handled by Fidelity was included. 

Integration of Practice and Research

(1)Since 2016, Fidelity’s lawyers have played a key role in co-organizing the inaugural Xiamen Bankruptcy Law Seminar and successive sessions of the Southeast Bankruptcy Law Forum (formerly the Xiamen Bankruptcy Law Seminar). Experts, scholars, and judges from across the country gather in Xiamen to discuss bankruptcy theory and practice. The Southeast Bankruptcy Law Forum has now become one of the most prominent national events in China’s bankruptcy law community.

(2)In 2016, Fidelity drafted and compiled the Xiamen Bankruptcy Administrator Operational Guidelines, the first locally developed operational standard for bankruptcy administrators in China. The document serves as the official daily practice guide for all bankruptcy administrators in Xiamen.

(3)Since 2017, Fidelity’s bankruptcy team members Wang Ping and Chen Yufeng have become members of INSOL International and have been appointed as research fellows at the Bankruptcy Law and Corporate Restructuring Research Center of the China University of Political Science and Law.

(4)In 2017, Fidelity launched the first “Creditors’ Meeting Management System” in China, specifically designed under the framework of the Enterprise Bankruptcy Law. Independently developed and protected by Fidelity’s intellectual property rights, the system significantly improved the efficiency and management of large-scale creditors’ meetings. Since then, Fidelity has continued developing digital management systems tailored for daily case administration and team collaboration, remaining at the forefront of technological innovation in bankruptcy case management.

(5)In 2021, Lawyers Liu Jiahua and Wang Ping co-authored “Conflicts of Rights in Bankruptcy Procedures of Real Estate Development Enterprises”, published by the Law Press China. Drawing on numerous successful cases handled by Fidelity’s Restructuring and Liquidation Department, the book provides valuable insights into resolving rights conflicts within real estate bankruptcy proceedings.

Their other paper, “The Bankruptcy Logic of Continuing the Performance of Commercial Housing Sale Contracts — On the Construction of a Statutory Priority System under the Enterprise Bankruptcy Law”, won the First Prize for Excellent Papers at the 12th China Bankruptcy Law Forum.

Scope of Legal Services of the Restructuring and Liquidation Legal Affairs Department

◇Fidelity, in addition to being appointed by courts as a bankruptcy administrator, also accepts mandates from financially distressed enterprises to assist in restructuring, reorganization, settlement, and liquidation, providing constructive opinions and solutions to help them overcome financial crises. It also handles numerous self-liquidation and compulsory liquidation cases.

◇Appointed by courts to act as a bankruptcy administrator or as a member of a liquidation committee in compulsory liquidation cases.

◇Engaged by bankruptcy administrators to serve as legal counsel.

◇Appointed by liquidating enterprises to act as members of liquidation committees.

◇Engaged by liquidation committees to act as legal counsel or members.

◇Engaged by creditors’ committees to act as legal counsel.

◇Mandated by financially distressed enterprises or investors to plan restructuring, reorganization, settlement, and liquidation.

◇Mandated by shareholders of liquidating or bankrupt enterprises to participate in liquidation or bankruptcy proceedings.

◇Mandated by creditors of financially distressed enterprises to initiate debtor bankruptcy reorganization or liquidation.

◇Mandated by creditors to participate in liquidation or bankruptcy proceedings.

◇Mandated by creditors to manage and dispose of non-performing assets.

◇Engaged by restructuring parties or investors to act as legal counsel in reorganization procedures.

◇Other legal affairs related to restructuring, self-liquidation, compulsory liquidation, reorganization, bankruptcy settlement, and liquidation.

 

Selected Classic Cases Handled by Fidelity(Chronological Order)

2007

◇Self-liquidation of Xiamen Tianjian Development Co., Ltd.

◇Reorganization of Xiamen Star Arts & Crafts Co., Ltd. and Xiamen Star Industrial Co., Ltd.

The reorganization plan of Xiamen Star Arts & Crafts Co., Ltd. and Xiamen Star Industrial Co., Ltd. was completed on December 31, 2015, and the company resumed a period of rapid growth.

This case was recognized by the Supreme People’s Court as an “Outstanding Case Exemplifying the Active Judiciary Concept.” It was the first bankruptcy reorganization case in Fujian Province under the new Enterprise Bankruptcy Law. The case is now archived in the Xiamen Intermediate People’s Court History Hall and was included in the Compilation of Classic Cases of Fujian Lawyers (2021).

◇Bankruptcy liquidation of Zhangzhou Metal Materials Co., Ltd.

2014

◇Reorganization of Xiamen Jinxiong Enterprise Co., Ltd.

Before bankruptcy, Xiamen Jinxiong Enterprise Co., Ltd. was the world’s largest outdoor products manufacturer and part of a large multinational group (the “Jinxiong Group”). The reorganization plan has been fully executed.

2015

◇Fujian Sihai Construction Co., Ltd., Fujian Sihai Group Co., Ltd., Fujian Sihai Investment Co., Ltd., Fujian Sihai Trading Co., Ltd., and Xiamen Century New Logistics Distribution Co., Ltd. — Reorganization and Liquidation of the Sihai Group Enterprises

Fujian Sihai Construction Co., Ltd., together with the other four affiliated companies, formed the Sihai Group. The reorganization and bankruptcy liquidation of the Sihai Group enterprises have been completed.

◇Reorganization of Zhangzhou Longwen Guixi Real Estate Development Co., Ltd.

This was the first bankruptcy reorganization case of a real estate enterprise in Fujian Province and also the first in Zhangzhou. The case was included in the Compilation of Classic Cases of Fujian Lawyers (2021).

◇Reorganization following liquidation of Jinjiang Jinwei Sports Goods Co., Ltd.

This case was recognized as a typical bankruptcy case by the Quanzhou courts. It was the first bankruptcy case accepted and concluded by the Jinjiang People’s Court, as well as the first case in the Quanzhou region where liquidation was converted to reorganization.

◇Reorganization following liquidation of Fujian Anxi Guangfu Packaging Co., Ltd.

This was the first bankruptcy case and the first case of liquidation converted to reorganization accepted by the Anxi People’s Court.

◇Reorganization of Quanzhou Yongfeng Machinery Manufacturing Co., Ltd.

This case was recognized as a typical bankruptcy case by the Quanzhou courts. It was the first bankruptcy case accepted and concluded by the Nan’an People’s Court, and it was later included in the Compilation of Classic Cases of Fujian Lawyers (2021).

◇Reorganization of Zhangping Canon Hydropower Co., Ltd.

This was the first bankruptcy case accepted by the Zhangping People’s Court.

◇Reorganization of Fujian Cross-Strait Agricultural Products Logistics City Development Co., Ltd.

This reorganization case remained for several years the largest bankruptcy reorganization case involving a real estate enterprise in Fujian Province, achieving a 100% principal debt repayment rate for all categories of creditors.

◇Fujian Jinli International Hotel Co., Ltd., Jincheng (Sanming) Investment Co., Ltd., Laopantou (Fujian) Food Co., Ltd., Fujian Jinli Light Industry Co., Ltd., Sanming Jinshengfa Packaging Co., Ltd., Jinliyuan (Fujian) Home Furnishing Co., Ltd., and Jishanhong (Fujian) Wine Co., Ltd. — Joint Bankruptcy Liquidation and Reorganization of the Laopantou Group

◇The Laopantou Group enterprises were engaged in hotel and commercial real estate development. On March 9, 2018, the Sha County People’s Court ruled to consolidate the seven companies into a single bankruptcy liquidation case and appointed the liquidation committee formed by the Sha County Government as administrator, which hired Fidelity as its legal counsel. On January 7, 2022, the court ruled to convert the case from consolidated liquidation to consolidated reorganization.

This case was recognized by the Fujian High People’s Court as a “2022 Fujian Court Typical Bankruptcy Case.”

◇Conversion of enforcement to bankruptcy settlement for Xiamen Jialide Real Estate Co., Ltd. (representing the debtor)

As the bankruptcy settlement was initiated by the debtor, the role of the debtor’s legal counsel was crucial. Fidelity represented the debtor and, for the first time in China, adopted a “pre-settlement” approach. The final settlement plan approved by the court provided 100% repayment to all verified creditors.

This was the largest enforcement-to-bankruptcy settlement case by value in Fujian courts. It was selected by the Xiamen Intermediate People’s Court as one of the “2018 Typical Bankruptcy Cases of Xiamen Courts.”

◇Reorganization of Xieli Hexing Real Estate Development (Pingtan) Co., Ltd.

This case, supervised by the Central Inspection Group, was the first bankruptcy reorganization case accepted and concluded by the Pingtan Comprehensive Experimental Zone People’s Court, and also the first real estate reorganization case concluded by courts in the Fuzhou region.

In 2021, this case was included in the Selected Compilation of Enterprise-Related Cases and Legal Policies jointly published by the Fujian High People’s Court, the Fujian People’s Procuratorate, the Fujian Department of Justice, and the Fujian Federation of Industry and Commerce. It was recognized as one of the “Top Ten Typical Cases of Fujian Lawyers Serving Private Enterprise Development” — the only bankruptcy case among them.

◇Conversion from bankruptcy liquidation to bankruptcy settlement of Fujian Boda Bioengineering Co., Ltd.

This was the first bankruptcy settlement case, and the first liquidation-to-settlement conversion case, concluded by courts in the Fuzhou region.

It was selected as one of the “Top Ten Bankruptcy Cases of Fuzhou Courts (2019–2021)” and was the only bankruptcy settlement case among them.

◇Reorganization of Fujian Xinke Real Estate Co., Ltd.

This was the first real estate bankruptcy reorganization case concluded by the Sanming Intermediate People’s Court. It was later selected as one of the “Top Five Typical Bankruptcy Cases” in Sanming in 2021.

◇Conversion from bankruptcy liquidation to reorganization of Anxi Wancheng Real Estate Co., Ltd.

This was the first real estate reorganization case in Quanzhou and also the first real estate bankruptcy case accepted by the Anxi People’s Court.

◇Reorganization of Sanming Global Real Estate Development Co., Ltd.

This was the first enforcement-to-bankruptcy reorganization case involving a real estate enterprise accepted by the Yong’an People’s Court. It was later selected as one of the “Top Five Typical Bankruptcy Cases” by the Sanming Intermediate People’s Court in 2021.

◇Reorganization of Xiamen Lianhua Food Co., Ltd. (Representing the Reorganization Investor)

This case was selected as one of the “Top Ten Typical Bankruptcy Cases (2020–2022)” by the Xiamen Intermediate People’s Court and was also recognized as a “Typical Bankruptcy Case of Fujian Courts (2022)” by the Fujian High People’s Court. Fidelity represented the reorganization investor of Xiamen Lianhua Food Co., Ltd., leading the administrator’s investment negotiations and formulation of the reorganization plan, and assisted the administrator and Septwolves Group in completing the restructuring investment.

◇Bankruptcy Liquidation of Xiamen Jinshengyi Industry & Trade Co., Ltd.

This case was selected as one of the “Top Ten Typical Bankruptcy Cases (2020–2022)” by the Xiamen Intermediate People’s Court.

◇Bankruptcy Liquidation of Ningde Industrial & Supply Company

This was the first bankruptcy liquidation case in the Ningde court system to be concluded within six months, involving a company with significant assets available for liquidation.

In 2023, the Ningde Intermediate People’s Court selected this case as one of its “Seven Typical Bankruptcy Cases.”

◇Conversion from Bankruptcy Liquidation to Reorganization of Xiamen Haoniandong Rice Industry Co., Ltd.

This case was recognized as one of the “Top Ten Typical Bankruptcy Cases (2020–2022)” by the Xiamen Intermediate People’s Court.

◇Reorganization of Quanzhou Mingzhi Real Estate Co., Ltd.

This was the first bankruptcy reorganization case involving a real estate enterprise handled by the Jinjiang People’s Court, and the only “Guaranteed Delivery of Housing” (judicial restructuring) project in the Jinjiang area.

In the 2024 Chambers Greater China Region Guide, which ranked Fidelity among the top-tier law firms in Fujian in the Corporate/Commercial category, this case was selected as Fidelity’s annual highlight. Chambers commented: “Fidelity is capable of forming dedicated teams as needed and coordinating local legal service resources.” It further praised Fidelity for “effectively leveraging its professional expertise to accelerate case progress and resolve execution challenges.”

In 2024, the Fujian High People’s Court selected this case as one of the province’s recent typical bankruptcy cases involving real estate enterprises and featured it in its “Promoting Stability Through Reorganization” (Yi Po Cu Li, Fang Tai Min An) series of reports.

◇Substantive Consolidated Reorganization of Fujian Zhonghe Co., Ltd. and Three Other Companies (Co-Administrator)

This was the first reorganization case in the Putian court system involving a delisted public company and the first concerning a company listed on the National Equities Exchange and Quotations (NEEQ).

In 2024, this case was included in the Compilation of Enterprise-Related Cases and Legal Policies jointly published by the Fujian High People’s Court, the Fujian People’s Procuratorate, the Fujian Public Security Department, the Fujian Department of Justice, the Fujian Law Society, and the Fujian Federation of Industry and Commerce. It was recognized as a “Typical Case of Fujian Lawyers’ Judicial Service and Protection of Private Enterprise Development,” and was the only corporate reorganization case selected.

In 2025, the case was selected by Law News Society as one of the “2024 Benchmark Cases in Bankruptcy Law.”

◇Conversion from Bankruptcy Liquidation to Bankruptcy Settlement of Fujian Fortune Investment Group Co., Ltd.

In 2025, this case was selected by the Fuzhou Intermediate People’s Court as one of the “Top Ten Bankruptcy Cases of Fuzhou Courts (2020–2024).”

List of Other Bankruptcy Cases Handled by Fidelity

2015

◇Fujian Donghai Paint Co., Ltd. Compulsory Liquidation Case

2016

◇Fujian Fortune Investment Group Co., Ltd. Bankruptcy Liquidation Case

◇Fuzhou Aosi Electric Co., Ltd. Bankruptcy Liquidation Case

2017

◇Xiamen Xinghong Economic Development Co., Ltd. Compulsory Liquidation Case

◇Xiamen Chengda Industrial Development Co., Ltd. Compulsory Liquidation Case

◇Quanzhou Xingfa Trading Co., Ltd. Bankruptcy Liquidation Case

◇Zhangzhou Yongyulong Precision Hardware Co., Ltd. Bankruptcy Liquidation Case (Co-Administrator)

◇Xiamen Lulian Door & Curtain Wall Co., Ltd. Compulsory Liquidation Case

◇Xiamen Tongan Meirenshan Frozen Food Co., Ltd. Compulsory Liquidation Case

◇Fuzhou Dongda Photography Equipment Co., Ltd. Bankruptcy Liquidation Case

◇Xiamen Xinyangzhou Aquatic Products Industry & Trade Co., Ltd. Bankruptcy Liquidation Case

◇Xiamen Changyi Yuanzhen Information Technology Co., Ltd. Bankruptcy Liquidation Case (Administrator’s Counsel)

2018

◇Xiamen Aolilong Technology Co., Ltd. Bankruptcy Liquidation Case (Administrator’s Counsel)

◇Fujian Taining Southern Forestry Development Co., Ltd. Bankruptcy Liquidation Case

◇Inspur (Fujian) Department Store Co., Ltd. Bankruptcy Liquidation Case

◇Haolaiwu Kitchen Cabinet (Xiamen) Co., Ltd. Bankruptcy Liquidation Case

◇Fuzhou Yichangyuan Trading Co., Ltd. Bankruptcy Liquidation Case

◇Longyan Zhongyuan Power Machinery Co., Ltd. Bankruptcy Liquidation Case

◇Fujian Xianchuang Electronics Co., Ltd. Bankruptcy Liquidation Case

◇Xiamen Qisheng Hotel Management Co., Ltd. Bankruptcy Liquidation Case

2019

◇Quanzhou Feilong Hongcheng Furniture Co., Ltd. Bankruptcy Liquidation Case

◇Zhangzhou Jiada New Energy Technology Co., Ltd. Compulsory Liquidation Case

◇Fujian Furun Metallurgy Co., Ltd. Bankruptcy Liquidation Case

◇Nan’an Sanxin Footwear Co., Ltd. Bankruptcy Liquidation Case

◇Xiangyu Xinyuan Trading Co., Ltd. Bankruptcy Liquidation Case

◇Fujian Nan’an Yifa Trading Co., Ltd. Bankruptcy Liquidation Case

◇Fujian Jiulongjiang Nanshan Development Co., Ltd. (Self-Liquidation, Counsel to Liquidation Committee)

◇Lewis (Fujian) Sporting Goods Co., Ltd. Bankruptcy Liquidation Case

◇Xiamen Jinpaike Garments Co., Ltd. Bankruptcy Liquidation Case

◇Quanzhou Hengsheng Real Estate Development Co., Ltd. Bankruptcy Liquidation Case

◇Fujian Xingguang Optical Co., Ltd. Bankruptcy Liquidation Case

2020

◇Jiahua Building Materials (Fujian) Co., Ltd. Bankruptcy Liquidation Case

◇Jianbang Garment Weaving Co., Ltd. (Shishi City) Bankruptcy Liquidation Case

◇All Things Grow (Shishi) Trading Co., Ltd. Bankruptcy Liquidation Case

◇Nanjing Yilong Food Co., Ltd. Bankruptcy Liquidation Case

◇Quanzhou Tianjiang Real Estate Development Co., Ltd. Bankruptcy Liquidation Case

◇Rongfeng Industry & Trade Co., Ltd. (Xiapu County) Bankruptcy Liquidation Case

◇Xiamen Haide Ship Dismantling Co., Ltd. Self-Liquidation (Counsel to Liquidation Committee)

◇Huaxia (Yongan) Real Estate Development Co., Ltd. Liquidation Case

◇Xiamen Huadayu Industry & Trade Co., Ltd. Bankruptcy Liquidation Case

◇Xiamen Haoshi Catering Co., Ltd. Bankruptcy Liquidation Case

◇Xiamen Ruidi Electronic Technology Co., Ltd. Bankruptcy Liquidation Case

◇Xiamen Yuanhua Development Co., Ltd. Bankruptcy Liquidation Case

◇Fujian Panxing Group Co., Ltd. Bankruptcy Liquidation Converted to Reorganization Case

◇Fuqing Xingrong Real Estate Co., Ltd. Bankruptcy Liquidation Case

◇Jinjiang Lianjie Textile Printing & Dyeing Industrial Co., Ltd. Bankruptcy Liquidation Case

2021

◇Longyan Sihai Youcheng Trading Co., Ltd. Bankruptcy Liquidation Case

◇Longyan Meizhong Advertising Co., Ltd. Bankruptcy Liquidation Case

◇Fujian Longyan Lvhe Environmental Protection Technology Co., Ltd. Bankruptcy Liquidation Case

◇Quanzhou Quanbao New Wall Materials Development Co., Ltd. Bankruptcy Liquidation Case

◇Quanzhou Tianyun Real Estate Development Co., Ltd. Bankruptcy Liquidation Case

◇Putian Huapin Footwear Co., Ltd. Bankruptcy Liquidation Case

◇Ningde Huaxin Guarantee Co., Ltd. Bankruptcy Liquidation Case

◇Fujian Jindeli Financing Guarantee Co., Ltd. Bankruptcy Liquidation Case

◇Fujian Tangcheng Golden Bay Hotel Co., Ltd. Bankruptcy Liquidation Case

◇Ningde Guojin Real Estate Development Co., Ltd. Bankruptcy Liquidation Case

◇Fujian Jianxin Financing Guarantee Co., Ltd. Bankruptcy Liquidation Case

◇Fujian Yong’an Wansheng Feed Co., Ltd. Bankruptcy Liquidation Case

◇Fujian Shaowu Honglian Real Estate Development Co., Ltd. Bankruptcy Liquidation Case (Administrator’s Counsel)

◇Putian Zhuhong Footwear Co., Ltd. Bankruptcy Liquidation Case

◇Fujian Boxing Real Estate Development Co., Ltd. Bankruptcy Liquidation Case

◇Nanping Rongwang Real Estate Development Co., Ltd. Bankruptcy Reorganization Case

◇Xiamen Cuifeng Hot Spring Resort Hotel Co., Ltd. Bankruptcy Liquidation Case

2022

◇Xiamen Modern Holdings Group Co., Ltd. Bankruptcy Reorganization Case

◇Modern Oriental Investment Co., Ltd. Bankruptcy Reorganization Case

◇Xiamen Modern Tourism Resource Development Co., Ltd. Bankruptcy Reorganization Case

◇Xiamen Zhongbao Import & Export Trading Co., Ltd. Bankruptcy Liquidation Case

◇Fuan Pacific Electric Co., Ltd. Bankruptcy Liquidation Case

2023

◇Fujian Yueda Motor Group Co., Ltd. Bankruptcy Liquidation Case

◇Fujian Churui Bamboo Industry Development Co., Ltd. Bankruptcy Liquidation Case

◇Fujian Xiapu Haili Industry & Trade Co., Ltd. Bankruptcy Liquidation Case

◇Fujian Hengxinhe Medical Technology Co., Ltd. Compulsory Liquidation Case

◇Xiamen Changhai Changhang Logistics Co., Ltd. Bankruptcy Liquidation Case

As Legal Counsel to Debtors

◇China International Steel Products Co., Ltd., Fujian Tianzun Steel Logistics Co., Ltd., Fuzhou Huagang Industry & Trade Co., Ltd., and Fujian Mingtian Steel Industry Development Co., Ltd. Consolidated Bankruptcy Liquidation and Reorganization Case

◇Xiamen Port Group Electromechanical Engineering Co., Ltd. Self-Liquidation Case

◇Fujian Wangfeng Ecological Agriculture Development Co., Ltd. Special Legal Services for Corporate Restructuring

As Legal Representative of Investors

◇Xiamen Hainanshun Transportation Co., Ltd. Compulsory Liquidation Case

As Legal Counsel to Reorganization Investors

◇Haizhou Shipbuilding Co., Ltd. (Daishan County, Zhejiang Province) Bankruptcy Reorganization Case

◇Yunnan Tianshi Real Estate Development & Operation Co., Ltd. and Yunnan Tianshi Tourism Development Co., Ltd. Restructuring/Reorganization Case

◇Xiamen Lianhua Food Co., Ltd. Bankruptcy Reorganization Case

◇Jinjiang Shengrui Real Estate Development Co., Ltd. Bankruptcy Reorganization Case

As Representative of the Creditors’ Meeting Chairperson

◇Youxi County Kaiyue Real Estate Development Co., Ltd. Enforcement-to-Bankruptcy Reorganization Case

◇Xiamen Tuoxingcheng Group Co., Ltd. Bankruptcy Liquidation Case

As Legal Counsel to Creditors

◇Fujian Sannong Calcium Carbonate Co., Ltd. Bankruptcy Liquidation Case

◇Chongli Steel Co., Ltd., Tiantie First Rolling Mill Co., Ltd., Tianjin Tiantie Metallurgical Group Co., Ltd., and other Bohai Steel Group Enterprises Bankruptcy Reorganization Case

◇Quanzhou Jintongyi Ceramics Industry Co., Ltd. Compulsory Liquidation Case

◇Shouning County Hongqishan Pingfeng Hydropower Co., Ltd. Bankruptcy Reorganization Case