Core Viewpoint - The company has received approval from the China Securities Regulatory Commission (CSRC) to publicly issue perpetual subordinated bonds with a total face value of up to 20 billion RMB [1] Group 1 - The approval is valid for 24 months from the date of registration, allowing the company to issue the bonds in tranches during this period [1] - The company will handle the issuance of the perpetual subordinated bonds in accordance with relevant laws, regulations, and the authorization from the shareholders' meeting [1] - The company is committed to timely information disclosure regarding the issuance process [1]