• Legal Services for the Private Placement Project of AIH

TAHOTA (BEIJING) LAW FIRM (“TAHOTA”), in collaboration with MagStone Law, LLP (“MagStone”), advised Nasdaq-listed company Aesthetic Medical International Holdings Group Limited and its group companies (“AIH”) on the PRC and the U.S. laws, respectively, in connection with AIH’s proposed private placement of US$15.10 million worth of its new ordinary shares (the “Private Placement Project”) to Lafang China Co., Ltd. (“Lafang”), a company listed on the Shanghai Stock Exchange.

On May 16, 2021, the above two public companies AIH and Lafang entered into a definitive share subscription agreement (the “SSA”) for the Private Placement Project. Upon completion of the Private Placement Project, Lafang is expected to hold approximately 7.00% of the total equity securities of AIH. The Private Placement Project is subject to customary closing conditions and is expected to complete within four months following the date of the SSA. On May 17, 2021, a Form 6-K public disclosure of the Private Placement Project was made by AIH in accordance with the Securities Exchange Act of 1934 and the relevant rules thereunder.

The TAHOTA team was led by Senior Advisor Mr. Jiaxiang (Joshua) Zhang, and the MagStone team was led by Partner Mr. Mark Li.

• About TAHOTA and MagStone

TAHOTA has been actively engaging in the PRC and overseas capital markets transactions since its inception in 2000. We have provided professional legal services to numerous listed companies and other capital markets participants. TAHOTA continues to commit ourselves deeply and comprehensively in the relevant legal services in all of the major capital markets around the globe, through our progressive dedication and commitment to all categories of transactions therein. 

MagStone is a U.S. modern law firm, holding closely to the values of Silicon Valley –innovation and effectiveness. MagStone is known for its expertise in cross-border transactions, and the firm has become a “go-to law firm” for many Chinese companies exploring the U.S. markets.