2025年9月22日，四川金融控股集团有限公司（以下简称"发行人"）首笔5年期一般公司债券成功簿记，发行利率创发行人期限最长、 历史票面利率最低水平。 申万宏源为本期债券的牵头主承销商，本期债券发行规模 10亿元，期限5年，票面利率1.99%，全场认购倍数高达3.95倍。本次发行得 到监管部门的指导和广大金融机构的大力支持，获得了市场投资者的高度认可和踊跃认购，充分体现了市场对发行人信用资质和发展前景的坚 定信心。 本期债券为申万宏源与发行人 时隔五年再次合作，本期发行工作取得了发行人的 高度认可，为深化合作奠定了基础。 未来，申万宏源将继续深化与发行人的合作， 持 续深耕 "大西南"战略， 以优质的专业能力和高效的沟通协作，进一步扩展与 发行人体 系公司 的合作广度与深度，主动融入和服务国家重大战略。 免责声明 本内容最终解释权归申万宏源证券有限公司所有。 免责声明 投资有风险，入市需谨慎。本内容不构成任何投资建议。投 资者不应以该等信息取代其独立判断或仅根据该等信息做出 决策。申万宏源对这些信息的准确性或完整性不作保证，亦 不对因使用该等信息而引发或可能引游躲损豢秃拐չ-α葛磊 发行人四川金融控股集团有限 ...

Core Viewpoint - Sichuan New Energy Power Co., Ltd. plans to issue debt financing tools and corporate bonds to optimize its financing structure and reduce costs, with a total registration amount not exceeding RMB 45 billion [1][2][5] Debt Financing Tools Registration Summary - The company intends to register for the issuance of debt financing tools in the interbank bond market, with a total amount not exceeding RMB 25 billion, including short-term financing bills up to RMB 5 billion, medium-term notes up to RMB 10 billion, and perpetual notes [1][2] - The issuance period for short-term financing bills will not exceed 270 days, while medium-term notes can be issued for up to 5 years [1][2] - The funds raised will be used for project capital, project construction, repayment of interest-bearing debts, and supplementing working capital [2][3] Corporate Bonds Registration Summary - The company plans to register for the issuance of general corporate bonds, with a total amount not exceeding RMB 20 billion [2][3] - The issuance period for these bonds will also not exceed 5 years [2][3] - The funds raised will primarily be used for repaying interest-bearing debts, project investments, equity investments, and supplementing working capital [3] Authorization Matters - The board of directors will seek full authorization from the shareholders' meeting to manage the registration and issuance process, including determining specific issuance products and timing [3][4] - The authorization will remain valid until the completion of the related matters [4] Approval Process - The proposal for the registration and issuance of bonds must be approved by the shareholders' meeting before implementation [4][5] Impact of Bond Issuance - The bond issuance is expected to diversify financing channels, meet the company's ongoing funding needs, lower financing costs, and support sustainable development in the new energy sector [5]

Core Viewpoint - Beijing Zhongke Runyu Environmental Technology Co., Ltd. plans to register and issue corporate bonds not exceeding RMB 2 billion, pending shareholder approval [1][2]. Group 1: Issuance Plan - The company intends to issue corporate bonds, which may include general corporate bonds, green corporate bonds (including carbon neutrality bonds), and technology innovation corporate bonds [1][2]. - The bonds will have a maximum term of 10 years, with the specific term determined based on the company's funding needs and market conditions [1][2]. - The total registered bond issuance scale is capped at RMB 2 billion, with the specific issuance scale to be decided based on the company's funding requirements and market conditions [2]. Group 2: Financial Terms - The bonds will have a fixed interest rate, determined through a market-based book-building process during the issuance phase [2]. - The proceeds from the bond issuance are intended for debt repayment, working capital, fixed asset investment, equity investment, fund contributions, and other legally permissible uses [2]. Group 3: Authorization and Governance - The board of directors seeks authorization from the shareholders' meeting to handle all matters related to the bond issuance, including the formulation and adjustment of the issuance plan and terms [3][4]. - The authorization will remain valid from the date of shareholder approval until the completion of the related matters [4].

Core Viewpoint - Zhejiang Provincial New Energy Investment Group Co., Ltd. plans to apply for the registration and issuance of bonds totaling no more than 12 billion yuan to support green development, reduce financing costs, and optimize capital structure [1][4]. Group 1: Bond Issuance Plan - The company intends to register and issue bonds not exceeding 12 billion yuan, with 2 billion yuan planned for issuance in 2025 [1][4]. - The bond registration will include short-term financing bonds and medium-term notes, with a maximum of 6 billion yuan registered, including 2 billion yuan for short-term financing bonds and 4 billion yuan for medium-term notes [1][3]. - The funds raised will primarily be used for repaying interest-bearing debts, supplementing liquidity, and other financial needs [1][3]. Group 2: Meeting Agenda - The meeting will include the introduction of attendees, reporting the number of shareholders present, and the election of vote counters [2]. - Shareholders will review and vote on the bond issuance proposal, followed by discussions and responses to shareholder inquiries [2]. - The meeting will conclude with the announcement of voting results and the reading of the legal opinion by the witnessing lawyer [2]. Group 3: Authorization and Efficiency - The board of directors seeks authorization from the shareholders to allow the management to handle specific bond issuance matters within the approved registration scope [4]. - The authorization will enable the management to determine the specific bond types, amounts, terms, and rates based on market conditions and company needs [4].

Meeting Details - The second meeting of the second board of directors of Zhejiang New Energy Investment Group Co., Ltd. was held on June 10, 2025, via telecommunication, with all 9 directors present [1] - The meeting was chaired by Chairman Zhang Jianqun, and the procedures complied with relevant laws and regulations [1] Resolutions Passed - The board approved a bond issuance plan with a total scale not exceeding 12 billion yuan, including 6 billion yuan registered with the interbank market and 6 billion yuan with the Shanghai Stock Exchange [1][2] - The interbank market issuance includes up to 2 billion yuan in super short-term financing bills and 4 billion yuan in medium-term notes, while the Shanghai Stock Exchange issuance includes up to 4 billion yuan in general corporate bonds and 2 billion yuan in renewable corporate bonds [1] - The board also agreed to issue bonds not exceeding 2 billion yuan in 2025, with specific amounts and types determined based on actual needs [2] - The board proposed to authorize the management to handle specific bond issuance matters within the approved registration and total amount, including determining the type, amount, term, interest rate, and timing of each issuance [2] Voting Results - The resolutions received unanimous approval with 9 votes in favor, 0 against, and 0 abstentions [2][3]