Core Viewpoint - The company has approved adjustments to the issuance of corporate bonds, including changes in scale, term, interest rate, and special issuance matters [2][3][4][5]. Group 1: Bond Issuance Adjustments - The total scale of the public issuance of corporate bonds is set to not exceed RMB 60 billion, including a maximum of RMB 20 billion for renewable bonds [2]. - The term of the issued corporate bonds will not exceed 10 years, with renewable bonds not subject to this limitation [3]. - The bonds will be fixed-rate and will not exceed the interest rate levels set by the State Council or other competent authorities [4]. Group 2: Special Issuance Matters - For renewable bonds, the basic term will not exceed 2 years, with the company having the option to extend the term by one cycle at the end of each pricing period [5]. - The company may defer interest payments unless a mandatory payment event occurs, allowing for flexibility in interest payment timing [5]. - The initial interest rate for the first cycle will be determined through negotiations between the company and the lead underwriter based on the results of the book-building process [5].