Core Viewpoint - The company, Financial Street (000402.SZ), announced plans to issue private corporate bonds totaling up to 5.17 billion RMB, pending shareholder and regulatory approval [1] Group 1 - The company will hold the 40th meeting of the 10th Board of Directors and the 15th meeting of the 10th Supervisory Board on August 25, 2025, to review the bond issuance proposal [1] - The proposed bond issuance is subject to approval by the company's shareholders and requires regulatory review or registration before implementation [1]

Group 1 - The company plans to issue corporate bonds not exceeding 5.17 billion yuan [1] - The funds raised will be used for refinancing existing corporate debt [1]

Core Viewpoint - The company plans to issue corporate bonds to expand financing channels, optimize debt structure, and reduce funding costs, with a total issuance amount not exceeding RMB 1 billion [1][2]. Group 1: Bond Issuance Details - The bond issuance will be targeted at professional investors only, as defined by relevant regulations [1]. - The total issuance scale is capped at RMB 1 billion, subject to approval from the China Securities Regulatory Commission [2]. - The bonds will have a maximum term of 10 years, with specific terms determined based on market conditions at the time of issuance [2]. - The bonds will be issued at par value of RMB 100 and will be fixed-rate bonds, with the interest rate determined through a book-building process [2][3]. - Interest will be paid annually, with the principal repaid at maturity [2]. Group 2: Fund Utilization - Proceeds from the bond issuance will be used for repaying interest-bearing debts, supplementing working capital, equity investments, fixed asset investments, or asset acquisitions, all in compliance with legal regulations [2]. Group 3: Authorization and Compliance - The board of directors will seek authorization from the shareholders' meeting to manage all aspects of the bond issuance, including determining specific terms and conditions [3]. - The company is not listed as a dishonest entity or involved in significant tax violations, ensuring compliance with regulatory standards [3].

Group 1 - The core point of the news is that China Aviation Capital Holding Co., Ltd. has updated the status of its 10 billion yuan public bond project to "accepted" as of August 22, 2025 [1][2] - The bond issuance is aimed at professional investors, with a total planned issuance amount of 10 billion yuan [2] - The funds raised from the bond will be primarily used for the company's operational liquidity needs in air cargo services, air cargo station services, integrated logistics solutions, and leasing business, with at least 9 billion yuan allocated for equity investments [2] Group 2 - The controlling shareholder of the company is China Aviation Group Co., Ltd., and the actual controller is the State-owned Assets Supervision and Administration Commission of the State Council [3]

Group 1 - The company plans to apply for the registration of a non-public issuance of perpetual corporate bonds with a total amount not exceeding 2 billion yuan [1][2] - The issuance aims to enhance the company's equity capital, broaden financing channels, and reduce the debt-to-asset ratio [1][2] - The bonds will have a basic term of up to 5 years, with the issuer having the right to exercise a renewal option at the end of the basic term and each renewal period [1][2] Group 2 - The funds raised will be used for repaying interest-bearing debts, supplementing working capital, project construction, and equity investments [2][3] - The bonds will be issued through a non-public offering to professional investors on the Shenzhen Stock Exchange, with a face value of 100 yuan per bond [2][3] - The company will seek authorization from the shareholders' meeting to manage all matters related to the bond issuance process [3][4] Group 3 - The decision regarding the bond issuance will remain valid for 24 months from the date of the shareholders' meeting resolution, with an automatic extension if a no-objection letter is obtained from the Shenzhen Stock Exchange [3][4] - The issuance of perpetual corporate bonds is expected to improve the company's capital structure and promote operational development without significantly impacting normal business operations [3][4] - The company is not listed as a dishonest entity or involved in major tax violations as of the announcement date [3][4]

第十届董事会第十三次会议 2025 年 8 月 21 日 证券代码：600062 证券简称：华润双鹤 公告编号：临 2025－067 华润双鹤药业股份有限公司 第十届董事会第十三次会议决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记 载、误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完 整性承担法律责任。 一、董事会会议召开情况 公司第十届董事会第十三次会议的召开符合《公司法》和公司《章 程》的有关规定。本次会议通知和材料于 2025 年 8 月 11 日以邮件方 式向全体董事发出，会议于 2025 年 8 月 21 日以现场及通讯方式召开。 出席会议的董事应到 11 名，亲自出席会议的董事 10 名。董事长陆文 超先生因工作原因委托董事赵骞先生出席会议，并授权对本次会议通 知中所列议题代行同意的表决权。会议由半数以上董事共同推选赵骞 先生主持。公司监事列席会议。公司董事会秘书刘驹先生列席会议。 二、董事会会议审议情况 详见上海证券交易所网站 www.sse.com.cn。 《2025 年半年度报告》 《 2025 年 半 年 度 报 告 摘 要 》 详 见 上 海 证 券 交 易 所 网 ...

第十届董事会十三次会议 2025 年 8 月 21 日 本次公司债券的规模为不超过人民币 30 亿元(含 30 亿元)，具体发 行规模由股东会授权董事会根据公司资金需求情况和发行时市场情况， 在上述范围内确定。 第十届董事会十三次会议 2025 年 8 月 21 日 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、 误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承 担法律责任。 华润双鹤药业股份有限公司(以下简称"公司")于 2025 年 8 月 21 日 召开第十届董事会第十三次会议，审议通过了公开发行公司债券相关事 项。本次公开发行公司债券(以下简称"本次公司债券")尚需提交公司股 东会审议并经中国证券监督管理委员会(以下简称"中国证监会")同意 注册后方可实施。现将本次公司债券具体情况说明如下： 一、关于公司符合发行公司债券条件的说明 证券代码：600062 证券简称：华润双鹤 公告编号：临 2025－069 华润双鹤药业股份有限公司 根据《公司法》《证券法》《公司债券发行与交易管理办法》和《上 海证券交易所公司债券上市规则》等相关法律、法规和规范性文件的规 定，经对照自查，董事会认 ...

Group 1 - The tenth meeting of the supervisory board was held on August 21, 2025, in accordance with the Company Law and the company's articles of association [1] - The supervisory board reviewed the 2025 semi-annual report and confirmed that the report's content and format comply with regulatory requirements, accurately reflecting the company's operational and financial status [1] - The profit distribution plan for the first half of 2025 considers reasonable returns for shareholders while ensuring the company's sustainable development [1] Group 2 - The company plans to issue corporate bonds with a total scale not exceeding RMB 3 billion, subject to shareholder approval [2] - The bonds will have a face value of RMB 100 each and will be issued at par, targeting professional investors as defined by relevant regulations [2][3] - The proposed bond term is up to 7 years, with the specific terms to be determined based on market conditions and company needs [2] Group 3 - The proceeds from the bond issuance will be used for repaying interest-bearing debts, supporting investments and acquisitions, and supplementing working capital [4] - The company has a good credit status over the past three years, and if it cannot repay the bonds, it will take measures such as not distributing profits to shareholders and deferring major capital expenditures [4] - The resolution for the bond issuance will remain valid until the expiration of the registration document issued by the China Securities Regulatory Commission [4]

Core Viewpoint - China Resources Double Crane (华润双鹤) has announced the approval of a public bond issuance plan by its 13th meeting of the 10th Board of Directors, pending shareholder meeting approval and registration with the China Securities Regulatory Commission [1] Group 1 - The scale of the public bond issuance is set to be no more than RMB 3 billion (including 3 billion) [1] - The specific issuance scale will be determined by the Board of Directors based on the company's funding needs and market conditions at the time of issuance, within the authorized range by the shareholder meeting [1] - The raised funds, after deducting issuance costs, are intended for repaying interest-bearing liabilities, supporting investment and acquisitions, and supplementing working capital, among other legally permitted uses [1]

Core Viewpoint - The company, GF Securities Co., Ltd., is issuing a public bond (third phase, type one) aimed at professional investors, with a total issuance amount not exceeding RMB 30 billion, and a fixed interest rate of 1.80% over a three-year term [5][15]. Financial Situation - As of March 2025, the company's consolidated net assets amounted to RMB 155.705 billion, with a consolidated debt-to-asset ratio of 75.92% and a parent company debt-to-asset ratio of 76.62% [5]. - The average net profit attributable to shareholders over the last three fiscal years was RMB 79.29 million, RMB 69.78 million, and RMB 96.37 million, respectively, meeting the requirement to cover at least one year's interest on the bonds [5]. Credit Rating - The issuer has received a credit rating of AAA from China Chengxin International Credit Rating Co., Ltd., indicating a strong ability to repay debts with low default risk [5][10]. - The credit outlook is stable, reflecting the issuer's robust financial health and operational capabilities [10][17]. Bond Issuance Details - The bond will be issued without any collateral, and the issuance price will be determined through book-building methods [6][15]. - The funds raised will be used to supplement working capital [15]. Investor Protection Measures - The bondholders will have equal rights and obligations as existing bondholders, and the bond will be merged with existing bonds for trading and custody purposes [6][15]. - The company has established a bondholders' meeting rule to ensure that decisions made are binding on all bondholders [8][18]. Market Conditions and Risks - The company acknowledges potential fluctuations in market interest rates, which may affect the bond's investment value during its term [9][24]. - The issuer's operational cash flow has shown significant volatility, which is typical for securities firms, but this has not materially impacted its main business or debt repayment capabilities [26]. Regulatory Compliance - The issuer has committed to complying with relevant laws and regulations, including the Securities Law and the Company Law of the People's Republic of China [2][5]. - The company has faced regulatory scrutiny, including a recent administrative penalty from the China Securities Regulatory Commission, which it has addressed by enhancing its compliance and internal control mechanisms [10].