SPNG(SZ:002267) Zheng Quan Zhi Xing·2025-08-25 17:14Core Viewpoint - The company plans to register and issue medium-term notes with a total amount not exceeding 2 billion RMB to optimize its financing structure and broaden financing channels [1][2]. Group 1: Issuance Plan - The issuer is Shaanxi Natural Gas Co., Ltd [1]. - The total registered amount for the medium-term notes is up to 2 billion RMB [1]. - The registration period will not exceed 5 years, with the issuance taking place in phases based on market conditions [1]. - The interest rate will be determined by the company's credit rating and market demand, not exceeding the bank loan rate for the same term [1]. - The funds raised will be used for project construction, debt repayment, and working capital [1]. Group 2: Authorization Matters - The company seeks authorization from the shareholders' meeting for the legal representative or authorized person to handle all matters related to the registration and issuance of the medium-term notes [2]. - This includes determining the issuance timing, amount, interest rate, and use of funds [2]. - The authorization will remain valid until the completion of the related matters [2]. Group 3: Review Process - The issuance of medium-term notes has been approved by the company's board of directors and will be submitted to the shareholders' meeting for further approval [2]. - The implementation of the issuance is contingent upon approval from the China Interbank Market Dealers Association [2].