ACEG(SH:600502) Zheng Quan Zhi Xing·2025-08-15 16:14Core Viewpoint - Anhui Construction Group Co., Ltd. plans to register and issue renewable corporate bonds to optimize its capital structure, broaden financing channels, and reduce financing costs [1][5]. Summary by Sections Company Bond Issuance Conditions - The company believes it meets the qualifications and conditions for issuing renewable corporate bonds as per relevant laws and regulations [1]. Bond Issuance Plan - The issuance scale will not exceed RMB 5 billion, with the specific amount determined based on the company's funding needs and market conditions [2]. - The bonds will be publicly issued and can be issued in one or multiple tranches after obtaining approval from the China Securities Regulatory Commission [2]. - The basic term of the bonds will not exceed 5 years, with the option for the issuer to extend the term at the end of the basic term and each renewal period [2][3]. - The bonds will have a face value of RMB 100 and will be issued at par [2]. - The interest rate will be fixed and calculated annually, with the option for the company to defer interest payments under certain conditions [2][3]. Use of Proceeds - Proceeds from the bond issuance will be used for adjusting the company's debt structure, repaying debts, and supplementing working capital [4]. Authorization Matters - The company seeks authorization from the shareholders' meeting for the chairman to handle all matters related to the bond issuance, including adjustments to the issuance plan and management of the bonds during their term [4]. Approval Process - The bond issuance plan has been approved by the company's board and supervisory committee, pending approval from the shareholders' meeting [5].