Grandway has been selected in the list of enterprise bankruptcy administrator organized by Beijing High Court.

On November26, 2018, the Beijing High Court issued a public announcement, and decided tore-compile the list of enterprise bankruptcy administrators (the “List”) in accordance with the Enterprise Bankruptcy Law of the People's Republic of China and theProvisions of the Supreme People's Courton Appointing Administrators for Enterprise Bankruptcy Cases. After strictmaterial reviewing and interviewing, Grandway Law Office, as the first law firmsto be nomintaed, was eventually selected by Beijing High Court into the List.