聚焦绿色与社会责任项目，蒙牛债券发行获全球投资者广泛支持

Group 1 - The company successfully issued two offshore RMB bonds, including a 5-year bond of 2 billion and a 10-year bond of 1.5 billion, marking its return to the offshore senior bond market after five years [1] - The issuance received strong investor response, with subscription demand exceeding 22 billion within two hours and peak subscription amount reaching 39.9 billion, resulting in a subscription multiple of over 11 times [3] - The final pricing for the bonds was significantly reduced by 55 basis points from initial guidance, locking in rates of 2.0% for the 5-year bond and 2.3% for the 10-year bond, achieving the lowest interest rates for offshore RMB bonds in the Chinese food and beverage sector [3] Group 2 - The company aims for carbon peak by 2030 and carbon neutrality by 2050, leading the industry in sustainable development through its "GREEN" strategy [4] - The company has received an "AA" MSCI ESG rating for 2024, showcasing its leadership in sustainable development within the industry [4] - The company is actively promoting green transformation in upstream ranching and has successfully transformed the Ulan Buh Desert into the world's largest organic ranch, achieving both ecological and economic benefits [6] Group 3 - The company has implemented a nationwide packaging recycling network through its 4R1D packaging strategy and plastic reduction plan, effectively promoting resource recycling [6] - The company continues to deepen its sustainable development practices and collaborates with partners to promote high-quality development in the dairy industry [6]