GalaxyCore (SH:688728) Zheng Quan Zhi Xing·2025-08-26 16:56Core Viewpoint - The company, GalaxyCore Inc., plans to register and issue medium-term notes not exceeding RMB 1.5 billion to optimize its financing structure and support its development [1][2]. Group 1: Issuance Details - The proposed issuance scale is up to RMB 1.5 billion, with the final amount subject to the registration notice from the China Interbank Market Dealers Association [1][3]. - The issuance will occur based on the company's actual funding needs within the validity period of the registration quota [2]. - The target investors are institutional investors in the China interbank bond market, excluding those prohibited by national laws and regulations [2]. Group 2: Fund Utilization - The raised funds will be used for the company's operational activities and those of its subsidiaries, including but not limited to repaying existing debts and supplementing working capital [2][3]. Group 3: Authorization and Governance - The board of directors proposes to seek authorization from the shareholders' meeting to handle all matters related to the issuance, including determining the specific issuance plan and selecting relevant intermediaries [2][4]. - The authorization will remain valid until all related matters are completed following the shareholders' meeting approval [4]. Group 4: Impact on the Company - The registration and issuance of medium-term notes are expected to enhance the company's development, broaden financing channels, and improve liquidity management capabilities to meet operational funding needs [4].