Core Viewpoint - The company, China Merchants Highway Network Technology Holdings Co., Ltd., is set to publicly issue a continuation of its 2025 technology innovation corporate bonds aimed at professional investors, which will be listed on the Shenzhen Stock Exchange starting August 11, 2025 [1] Group 1 - The bond issuance includes a total scale of 1.5 billion yuan for existing bonds, with a continuation issuance of 500 million yuan [1] - The full name of the bond is "China Merchants Highway Network Technology Holdings Co., Ltd. 2025 Technology Innovation Corporate Bonds (First Phase) for Professional Investors," with the abbreviation "25 Zhaolu K1" and the code "524252" remaining unchanged [1] - The trading methods for the bonds will include matched transactions, click transactions, inquiry transactions, competitive bidding, and negotiated transactions, specifically targeting institutional investors among professional investors [1]

Core Points - The company, China Merchants Highway Network Technology Holdings Co., Ltd., is issuing a new tranche of corporate bonds aimed at professional investors, with a total issuance limit of up to RMB 10 billion [1][2] - The bonds will have a face value of no more than RMB 500 million, with each bond priced at RMB 100, and the final issuance price will be determined through a book-building process [1][2] Summary by Sections - **Bond Issuance Details** - The company has received approval from the China Securities Regulatory Commission for the issuance of corporate bonds [1] - The bonds will be issued on August 5-6, 2025, with a maturity period of 3 years and a coupon rate of 1.92% [2] - The final issuance price was set at RMB 101.03 after consultations with underwriters [2] - **Investor Information** - The bonds are targeted at professional institutional investors, and specific subscription methods will be detailed in an announcement on August 1, 2025 [2]