With the approval of the China Securities Regulatory Commission, Huafon Microfibre (Shanghai) Co., Ltd. raised a total fund of approx. RMB 790 million for its initial public offering of 40,000,000 common shares on 15 February 2011. Huafon Microfibre (Shanghai) Co., Ltd. was afterwards listed in the ChiNext Market at the Shenzhen Stock Exchange on 22 February 2011.

As legal counsel to Huafon Microfibre (Shanghai) Co., Ltd., Llinks advised on all aspects of this initial public offering and listing.