Temporary Trustee Management Report on Major Matters of Pan Hai Holdings Co., Ltd. by CITIC Construction Investment Securities Co., Ltd.
CITIC Construction Investment Securities Co., Ltd. (hereinafter referred to as "CITIC Construction") serves as the trustee manager for the bonds issued by Pan Hai Holdings Co., Ltd. (hereinafter referred to as "Pan Hai Holdings," "the Company," or "the Issuer") including "18 Hai Kong 01," "19 Fan Kong 01," "19 Fan Kong 02," "20 Fan Kong 01," "20 Fan Kong 02," "20 Fan Kong 03," "20 Fan Hai 01," and "20 Fan Hai 02." In accordance with the "Administrative Measures for the Issuance and Trading of Corporate Bonds," "Code of Conduct for Corporate Bond Trustees," "Shenzhen Stock Exchange Corporate Bond Listing Rules," "Shenzhen Stock Exchange Rules for the Listing of Non-Publicly Issued Corporate Bonds," and relevant agreements signed with Pan Hai Holdings, including the "Trustee Management Agreement for the 2018 Public Issuance of Corporate Bonds by Pan Hai Holdings Co., Ltd.," the "Trustee Management Agreement for the 2018 Non-Public Issuance of Bonds by Pan Hai Holdings Co., Ltd.," and the "Trustee Management Agreement for the 2020 Non-Public Issuance of Corporate Bonds by Pan Hai Holdings Co., Ltd.," the following report on major matters concerning Pan Hai Holdings and the aforementioned bonds is presented: