Group 1 - The company, Tianneng Power (00819), announced plans to broaden its financing channels and optimize its financing structure [1] - Tianneng Co., a subsidiary indirectly owned 86.53% by the company, intends to apply for the registration and issuance of corporate bonds totaling up to RMB 2 billion (including RMB 2 billion) on the Shanghai Stock Exchange's Sci-Tech Innovation Board, with a maximum term of five years from the issuance date [1] - Tianneng Holdings, a wholly-owned subsidiary of the company, plans to apply for the registration and issuance of targeted debt financing instruments totaling up to RMB 2 billion (including RMB 2 billion), with a maximum term of five years from the issuance date [1]

Core Viewpoint - TianNeng Power (00819) aims to expand its financing channels and optimize its financing structure through the issuance of bonds and debt financing tools totaling up to RMB 40 billion [1] Group 1: Bond Issuance - TianNeng Co. proposes to apply for the registration and issuance of corporate bonds with a total principal amount of up to RMB 20 billion, with a maturity of up to five years from the issuance date [1] - The bonds will be issued in one or more tranches to qualified professional investors [1] Group 2: Debt Financing Tools - TianNeng Holdings, a wholly-owned subsidiary of the company, plans to apply for the registration and issuance of targeted debt financing tools with a total principal amount of up to RMB 20 billion, also with a maturity of up to five years from the issuance date [1] - These targeted debt financing tools will be issued in one or more tranches to specific institutional investors in the interbank bond market [1]

Core Viewpoint - New City Holdings (601155) is expanding its financing channels by promoting the issuance of real estate asset-backed special plans (ABS) using its owned Wuyue Plaza [1] Financing Plans - The planned issuance amount is approximately 1 billion yuan, with over 500 million yuan coming from equity financing, expected to be completed by the end of August or early September [1] - This week, New City Holdings and the plan manager, Guojin Securities Asset Management Co., have organized roadshow activities for investors, involving insurance companies, brokerage self-managed asset management plans, and bank wealth management funds [1] Additional Financing Initiatives - New City Holdings is also advancing a medium-term note with additional collateral from China Bond, with an expected amount between 1 billion to 2 billion yuan [1] - Concurrently, the company is promoting corporate bonds with a planned issuance amount of 6 billion yuan, with the first phase amounting to 700 million yuan, which has already been accepted by the exchange [1]

Core Viewpoint - The company has approved the issuance of medium-term notes and non-public corporate bonds to optimize its financing structure and broaden funding channels, which aligns with the interests of the company and all shareholders, particularly minority shareholders [1][2]. Group 1: Medium-Term Notes - The proposal for issuing medium-term notes was approved with a unanimous vote of 3 in favor, 0 abstentions, and 0 against [1]. - The issuance plan is deemed reasonable and feasible, complying with relevant laws and regulations, and does not harm the interests of the company or its shareholders [2]. - The resolution regarding the medium-term notes will be submitted for review at the company's third extraordinary general meeting in 2025 [2]. Group 2: Non-Public Corporate Bonds - The proposal for a non-public issuance of corporate bonds was also approved with a unanimous vote of 3 in favor, 0 abstentions, and 0 against [1]. - Similar to the medium-term notes, this issuance plan is considered reasonable and beneficial for optimizing the company's debt structure and financing channels [2]. - The resolution regarding the non-public corporate bonds will be submitted for review at the company's third extraordinary general meeting in 2025 [2].

Core Viewpoint - Zoomlion Heavy Industry Science and Technology Co., Ltd. plans to issue asset-backed securities (ABS) and credit bonds to optimize its asset structure and broaden financing channels, aiming for high-quality development [1] Group 1: Financial Details - The total issuance scale for asset-backed securities is not to exceed 4 billion yuan [1] - The issuance scale for credit bonds is not to exceed 1 billion yuan [1] - Zoomlion will provide guarantees for its wholly-owned subsidiary, Zoomlion Financing Leasing (China) Co., Ltd. [1]

Financing Lease Overview - The company plans to engage in financing lease activities in 2025, including direct financing leases for newly purchased assets and sale-leaseback arrangements for owned assets, with a total financing limit not exceeding RMB 200 million [1][2] - Each financing transaction will have a maximum term of 10 years, and the financing limit is valid for 12 months from the board's approval date [1][3] Authorization and Management - The board has authorized the management to handle all matters related to the financing lease business within the approved limit, including signing agreements and making adjustments based on regulatory changes [3][4] - The authorization is effective for 12 months from the board's approval date [3] Purpose and Impact - The financing lease activities aim to broaden financing channels, revitalize existing assets, and optimize the financing structure, providing financial support for the company's operational development [4]