On September 20, the 2026 ALB China M&A rankings were announced. JunHe was awarded a Tier 1 ranking due to its expertise and outstanding performance in the M&A field. This honor is a recognition of JunHe's strength and market performance over the past year and reflects our comprehensive service capabilities in a complex transaction environment.

Since its establishment in 1989, JunHe has focused on corporate and M&A as one of its core professional areas and development directions. With over 30 years of dedication, JunHe has witnessed and participated in the entire journey of China's M&A market from its inception to prosperity. We have been involved from the early wave of foreign investment to the evolution of various investment and M&A models during the reform era, and now to providing strong support for Chinese enterprises' overseas investments and internationalization. This accumulation of experience is reflected in the corporate and M&A teams across our offices. With a spirit of pragmatism and innovation, we provide tailored legal services to domestic and international clients, participating in major transactions that shape the business landscape in China and globally.

Our professional reputation comes from our long-term focus and continues to attract the trust of leading enterprises across various industries. JunHe's M&A practice has long served domestic and international investment institutions, multinational corporations, large central and state-owned enterprises and leading companies in various industries. Our client base is diverse and covers sectors such as resources, manufacturing, consumer goods, healthcare and technology. Over the past year, JunHe has welcomed a batch of important new clients, further enriching the industry breadth and depth of our M&A practice. The expansion of our client base is not just a simple increase in numbers but is a natural extension of our influence and professional trust in the M&A market.

The trust from our clients and the market ultimately boils down to the transactions themselves. Over the past year, JunHe has participated in a series of market-influencing M&A transactions, covering controlling stake acquisitions, cross-border acquisitions, joint venture establishments and business line divestitures. These transactions involved complex arrangements such as fund establishment, M&A financing and state-owned asset disposals. In these transactions, JunHe demonstrated comprehensive service capabilities that transcend single jurisdictions and industries. In cross-border projects involving multiple jurisdictions, JunHe can coordinate across different legal domains, assisting clients in achieving integration in transaction structure design, regulatory communication and closing arrangements. In complex situations involving intertwined equity acquisitions and debt financing, the connection between state-owned asset disposal procedures and commercial terms, and the synchronization of antitrust compliance and business divestitures, JunHe can design transaction solutions that balance compliance, flexibility and executability. Under time pressures, JunHe can also take on multi-party coordination, promoting the fulfillment of various closing conditions. This coordination and execution capability stems from JunHe's deep understanding of cross-border transaction practices, our keen insight into industry regulatory requirements and commercial logic, and our practical experience accumulated from numerous complex transactions.