On 31 July 2017, Beijing Forever Technology Co., Ltd. (stock code: 300365, stock name: HengHua Technology) received the approval from CSRC for non-public offering of no more than 21,440,823 shares (regulatory permission [2017] no. 1285),
HengHua technology was founded in 2000, as an information service provider focusing on smart grid. It has grown to be a leading enterprise in the field of China's smart grid by providing integrated and professional services along the full lifecycle of smart grid. Now it is contributing to electricity energy Internet construction based on whole life cycle informatization of smart grid asset. With its adoption of Internet Plus concept and expertise in cloud computing and big data it could launch cloud service platforms for electricity industry, integrate upstream and downstream services, contributing to the construction of a win-win Intenetecologic circle of electricity industry .
This non-public offering will benefit Forever Technology in grasping the trend of informatization of electricity industry and electricity system reform, further improving its competitiveness and overall strength in smart grid field.
Guantao provides legal services to Forever Technology on this project throughout the whole progress of non-public offering. The Guantao team is led by senior partners Ms. Su Bo and Ms. Chen Zhongye. Team members also include Partners Mr. Zhang Wenliang, Mr. Xiong Youqiu, associates Mr. Cai Wenjie, Mr. Zhang Dingcheng and Ms. Zhan Menglu.