Group 1 - The company held its ninth board meeting on August 15, 2025, where all seven directors attended, and the meeting complied with legal requirements [2][3]. - The board approved the appointment of Qian Shenchun as the new general manager, effective immediately until the current board's term ends [3][5]. - The board also approved the proposal to issue up to RMB 5 billion (including 5 billion) of renewable corporate bonds to improve the company's capital structure and reduce financing costs [10][22]. Group 2 - The company plans to hold a second extraordinary general meeting on September 5, 2025, to discuss the approved proposals from the board meeting [15][46]. - The voting for the general meeting will be conducted both on-site and online, with specific time frames for each voting method [47][48]. - The company will provide detailed materials regarding the meeting and proposals prior to the general meeting [50].

Core Viewpoint - Anhui Construction Group Co., Ltd. plans to register and issue renewable corporate bonds to optimize its capital structure, broaden financing channels, and reduce financing costs [1][5]. Summary by Sections Company Bond Issuance Conditions - The company believes it meets the qualifications and conditions for issuing renewable corporate bonds as per relevant laws and regulations [1]. Bond Issuance Plan - The issuance scale will not exceed RMB 5 billion, with the specific amount determined based on the company's funding needs and market conditions [2]. - The bonds will be publicly issued and can be issued in one or multiple tranches after obtaining approval from the China Securities Regulatory Commission [2]. - The basic term of the bonds will not exceed 5 years, with the option for the issuer to extend the term at the end of the basic term and each renewal period [2][3]. - The bonds will have a face value of RMB 100 and will be issued at par [2]. - The interest rate will be fixed and calculated annually, with the option for the company to defer interest payments under certain conditions [2][3]. Use of Proceeds - Proceeds from the bond issuance will be used for adjusting the company's debt structure, repaying debts, and supplementing working capital [4]. Authorization Matters - The company seeks authorization from the shareholders' meeting for the chairman to handle all matters related to the bond issuance, including adjustments to the issuance plan and management of the bonds during their term [4]. Approval Process - The bond issuance plan has been approved by the company's board and supervisory committee, pending approval from the shareholders' meeting [5].

Group 1 - The company has successfully issued a total of 2.5 billion RMB in renewable corporate bonds, with the third phase of issuance completed on July 1, 2025, amounting to 1.3 billion RMB at a final coupon rate of 2.47% [1][2] - The bonds have a basic term of 3 years, with the issuer having the option to extend the term by an additional 3 years at the end of each cycle [2] - The issuance was approved by the China Securities Regulatory Commission, and the company has ensured that no related parties, including directors and major shareholders, participated in the subscription [1][2] Group 2 - The main underwriter for the bonds is CITIC Securities, with its affiliate CITIC Trust participating in the subscription for 410 million RMB, indicating a fair pricing and compliance with procedures [2]