Core Points - The company held its eighth regular meeting of the fifth board of directors on October 30, 2025, to review the third quarter report for 2025 [10][11] - The board unanimously approved the proposal to review the third quarter report, with all 10 directors present voting in favor [12] - The company has completed the non-public issuance of corporate bonds (second phase) with a total issuance scale of up to 50 billion RMB [13] Financial Data - The financial statements for the third quarter of 2025 are unaudited, covering the period from January to September 2025 [8][9] - The company reported that its financial information is guaranteed to be true, accurate, and complete by its management [2][3] Bond Issuance Details - The second phase of the non-public bond issuance has a total face value of up to 50 billion RMB, with two varieties of bonds issued [13] - The first bond variety has a term of 13 months with a coupon rate of 1.84%, while the second variety has a term of 25 months with a coupon rate of 2.05% [13] - The actual issuance scale for the first bond variety is 30 billion RMB, with a subscription multiple of 1.8433, and for the second variety, it is 20 billion RMB with a subscription multiple of 3.01 [14]