According to the Caida Securities announcement, the company received approval from the China Securities Regulatory Commission to register the company to publicly issue subordinated bonds with a total face value of not more than 5 billion yuan to professional investors. The issuance shall be carried out in strict accordance with the prospectus submitted to the Shanghai Stock Exchange. The approval is valid for 24 months from the date of approval for registration, and the company can distribute it in installments during the registration period. From the date of consent to registration until the end of the issuance of this subprime bond, if any important matter occurs, the company shall promptly report and deal with it in accordance with the relevant regulations.

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