Minmetals Capital announced that the company plans to sign a “perpetual bond agreement” with the actual controller, China Minmetals, to invest in perpetual bonds with the company. The amount is 2.1 billion yuan, the term is 5+N years, the initial annual interest rate is 2.98%, and there will be no adjustments after 5 years of interest rate hike of 80 BP. This transaction constitutes a related transaction and is yet to be reviewed and approved by the company's shareholders' meeting. After the transaction was completed, the company's liabilities decreased, net assets increased, and the balance ratio decreased, which did not have a significant impact on net profit.

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