Davis Polk advised Wuxi Construction and Development Investment Company Limited in connection with the $300 million 3.25% guaranteed bonds due 2019 (the “Bonds”) issued by Xihui Haiwai I Investment Holdings Co., Limited, an indirectly wholly owned BVI subsidiary of the Company. The bonds have the benefit of a keepwell and liquidity support deed and deed of equity interest purchase undertaking provided by the Company and are unconditionally and irrevocably guaranteed by Xihui International Co., Limited, a directly wholly owned Hong Kong subsidiary of the Company and the parent of the issuer. The joint global coordinators of the bond offering are Standard Chartered Bank, J.P. Morgan and Wing Lung Bank Limited. The joint bookrunners and joint lead managers are Standard Chartered Bank, J.P. Morgan, Wing Lung Bank Limited, China Minsheng Banking Corp., Ltd., Hong Kong Branch, Shanghai Pudong Development Bank Co., Ltd., Hong Kong Branch, HSBC and BOCOM International.

Wuxi Construction and Development Investment Company Limited is a large comprehensive investment and financing platform wholly owned by the Wuxi SASAC and operates under the supervision of Wuxi government. The Company is the largest and most important infrastructure construction and operation enterprise with a comprehensive business profile in Wuxi.

The Davis Polk corporate team included partner Li He, counsel Liang (Alex) Tao and associate Amanda Lau. The tax team included counsel Alon Gurfinkel and associate Veronica Orecharova. Members of the Davis Polk team are based in the Beijing, Hong Kong and London offices