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The Company Registrated a Debt Financing Instrument Quota of RMB 7 billion

The Group has recently received the "Acceptance Registration Notice" ( [2024] SCP49 and [2024] MTN144) issued by the National Association of Inter-Bank Market Dealers of China (hereinafter referred to as the "Dealers Association"). The Dealers Association has decided to accept the registration of the Company's RMB 3.5 billion super short-term financing bonds and RMB 3.5 billion medium-term notes. The registration quota is valid for two years from the date of obtaining the registration notice, and the Company may issue super short-term financing bonds and medium-term notes in installments within the valid registration period.

The successful registration of these inter-bank market bonds is recognition of the Company's business operations, historical scale, business model, and sustainable development. The successful registration benefits from Company’s active bond issuance in the inter-bank market and precise grasp of the fundamentals of the bond market. It is of great significance for the issuance of subsequent annual bonds, expanding support for industrial business, avoiding debt risks, and gradually reducing the financial expenses.

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