Zhitong Finance App News, Xinhongye (301310.SZ) announced that the company plans to issue convertible corporate bonds to unspecified targets. After deducting issuance fees, the funds raised will be used for: lightweight metal composite conductor cable R&D and industrialization projects, special cables and electrical penetrations for nuclear power plants, next-generation information infrastructure cable industrialization projects, new energy storage cable production capacity expansion projects, Morocco production base construction projects, R&D center upgrade construction projects, and supplementary working capital.

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