On 20 April 2009, the foundation ceremony of (Sino-Foreign Joint Venture) Yichang Port Group Company Limited was held at Taohualing Hotel in Yichang City.

JC Master was engaged by Baohua Group to provide legal service in connection with the corporate reorganization of Yichang Port Group into a sino-foreign joint venture. Justin Ma, the Managing Partner, and Attorney Wendong Dai at JC Master were invited to attend the ceremony as the distinguished guests.

Yichang Port is one of the main ports in China. To accelerate the port construction, the Yichang municipal government introduced Hong Kong based Baohua Group as its strategic partner. The government hopes that, through asset reorganization, Yichang Port Group could become the core enterprise in terms of shipping on the Three Gorges of the Yangtsze River.

Based on the asset reorganization of Yichang Port Group Company Limited, with the approval of the Department of Commerce of Hubei Province, Bao Hua Group invests into Yichang Port Group Company Limited through its wholly owned subsidiary by means of capital and share increase and accounts for 51% equity interests. The original shareholders, the State-Owned Asset Supervision and Administration Committee of Yichang Municipal Government and the State-Owned Asset Operation Limited Company of Yiling, Yichang City, account for a total of 49% of the equity interests.