On November 28, 2021, Mr. Zheng Xilin, a senior partner of Lifang & Partners, was invited to deliver a lecture on "Legal Risk Prevention in the IPO Process" to the actual controllers or operators of companies with listing plans who attended the "IPO Growth Camp Phase III - Specialized, Refined, Featured and Advanced" jointly organized by Shanghai Advanced Institute for Financial Research, Caitong Securities Co., Ltd. and Rongyi IPO Co., Ltd.

The "IPO Growth Camp" also invited leaders of regulatory authorities, the academic community, and some well-known listed companies.

Focusing on legal risk prevention in the process of initial public offering and listing of enterprises, Mr. Zheng discussed issues such as the legal regulatory system of capital market, subject qualification, identification of actual controllers, validity and risks of holding shares by proxy, effect and processing of VAM agreements, and compliance.. He systematically analyzed the legal risks in the IPO process by highlighting some recent notable cases in A-share IPO market, and provided advices and solutions for preventing such risks with reference to his many years of practice experience.

The lecture was well received by the entrepreneurs who have entered the camp. They praised and thanked Mr. Zheng for his simple and tireless analysis and explanation have been.

The securities and capital markets team of Lifang & Partners has rich experience and outstanding performance in the areas of domestic and foreign securities and capital markets, M&A and restructuring, private equity and venture capital, cross-border investment, securities compliance and dispute resolution. We will continue our dedication to the securities legal services and provide quality services and solutions to our clients.