Core Viewpoint - Zhejiang Haikong Nanke Huatie Smart Technology Co., Ltd. is preparing to issue corporate bonds to enhance its financing structure and meet business development needs, with a proposed issuance amount of up to RMB 2 billion [2][6]. Group 1: Bond Issuance Proposal - The company plans to issue corporate bonds with a total fundraising amount not exceeding RMB 2 billion, which will be determined based on the company's funding needs and market conditions [2][4]. - The bonds will have a face value of RMB 100 and will be issued at par [2][4]. - The issuance will target professional investors and will not prioritize existing shareholders for allocation [2][4]. Group 2: Bond Characteristics - The proposed bond term will not exceed 10 years, with flexibility for single or multiple maturities based on market conditions [3][4]. - The bonds will be fixed-rate, with interest calculated annually using simple interest [4]. - The specific interest rate will be determined based on market conditions and discussions with the lead underwriter [4]. Group 3: Fund Utilization and Security - Proceeds from the bond issuance will be used to repay existing debt and supplement working capital, with specific allocations to be determined by the board [4][5]. - The bonds will be issued without collateral, and the company will implement measures to ensure timely repayment [5][6]. Group 4: Authorization and Governance - The company seeks authorization from the shareholders' meeting for the board to manage all aspects of the bond issuance, including adjustments to terms and conditions as necessary [7][8]. - The authorization will be valid for 24 months from the date of approval by the shareholders' meeting [8].

Core Viewpoint - The company, Zhejiang Haikong Nanke Huate Smart Technology Co., Ltd., has convened its 12th meeting of the 5th Supervisory Board to discuss the issuance of corporate bonds, which aims to optimize its debt structure and expand financing channels [1][2]. Meeting Details - The meeting was held on July 1, 2025, with all three supervisors present, and the procedures followed legal and regulatory requirements [1][2]. Bond Issuance Proposal - The Supervisory Board approved a proposal for the company to issue corporate bonds not exceeding RMB 2 billion (including RMB 2 billion) aimed at professional investors [2][3]. - The bonds will have a face value of RMB 100 and will be issued at par [2]. Bond Characteristics - The proposed bond term will not exceed 10 years, with the possibility of single or multiple maturities [3]. - The bonds will be fixed-rate, with interest calculated annually, and the specific interest rate will be determined based on market conditions [3]. Fund Utilization - Proceeds from the bond issuance will be used to repay interest-bearing debts and supplement the company's working capital [3][4]. Creditworthiness and Management Plans - The company has a good credit standing and plans to implement measures to ensure timely and full repayment of the bonds [4]. - The bonds will be underwritten by a lead underwriter through a balance underwriting method [4]. Company Performance and Recognition - The company has shown good operational performance and profitability, being recognized multiple times as a high-tech enterprise and included in the list of "Specialized and Innovative" small and medium-sized enterprises in Zhejiang Province [5]. - The company’s innovative products, such as the "Qingtian System" and "Dahuangfeng T-BOX," are supported by regulatory authorities for issuing technology innovation bonds [5]. Decision Validity - The resolution for the bond issuance is valid for 24 months from the date of approval by the shareholders' meeting [5].