Zhitong Finance App News, Pran Co., Ltd. (688766.SH) issued an announcement. In order to respond positively to the national science and technology innovation policy guidelines, increase investment in scientific and technological innovation, further broaden financing channels, optimize debt structures, and reduce financial expenses, the board of directors agreed that the company intends to apply to the China Interbank Market Dealers Association to register and issue medium-term notes of up to 1.25 billion yuan (including 1.25 billion yuan).

The funds raised for the registration and issuance of medium-term notes will be used in line with the company's payment requirements, after deducting issuance fees, for enterprise production and operation activities, such as project construction, R&D investment, mergers and acquisitions (including shareholding) in the field of scientific and technological innovation, repayment of interest-bearing liabilities, supplementary working capital, foreign investment, etc., to enhance the enterprise's scientific and technological innovation capabilities and broaden the sources of mergers and acquisitions funding sources.

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