Xinhongye announced that the company plans to issue convertible corporate bonds to unspecified targets, raising no more than 1.1 billion yuan in total capital. After deducting issuance fees, it will be used for projects such as lightweight metal composite conductor cable R&D and industrialization projects and supplementary working capital. The offering has yet to be reviewed by the company's shareholders' meeting, reviewed and listed on the Shenzhen Stock Exchange, and reported to the China Securities Regulatory Commission for registration.

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