On 26 March 2014, China Mobile Games and Entertainment Group Limited (NASDAQ Code:CMGE) which is the largest publisher and a leading developer of mobile games in China has successfully made public offering of 3,442,000 American depositary shares ("ADSs") ,and raised funds of 78.7 million dollars in total. In this transaction, Guantao acted as its Chinese legal adviser and established a capable team which includes Yan Fanfan (lead counsel) and Rong Yan (lead counsel).