Shang Hai Zheng Quan Bao·2025-11-20 19:16Core Viewpoint - Longyuan Power Group Co., Ltd. has announced the issuance of its eighth and ninth phases of ultra-short-term financing bonds, aimed at refinancing existing debt and supplementing working capital [1][4]. Group 1: Financing Authorization - The company received authorization from its shareholders on June 17, 2025, to apply for and issue debt financing instruments with a total new scale not exceeding RMB 500 billion (including 500 billion) [1][4]. - Additionally, the company can register debt financing instruments with a total new scale not exceeding RMB 800 billion (including 800 billion) through the China Interbank Market Dealers Association [1][4]. Group 2: Fund Utilization - The funds raised from the eighth phase of ultra-short-term financing bonds, issued on November 19, 2025, are intended for replacing existing interest-bearing debt and supplementing working capital [2]. - The funds from the ninth phase of ultra-short-term financing bonds, also issued on November 19, 2025, are aimed at supplementing daily working capital and repaying interest-bearing debts of the issuer and its subsidiaries [5].