Core Points - The company, Liaoning Chengda Co., Ltd., has announced the issuance of a second phase of ultra-short-term financing bonds for the year 2025, with a total amount of 6 billion RMB raised to repay interest-bearing debts [1][3][45]. - The company plans to issue exchangeable corporate bonds, subject to shareholder approval, to enhance its financial strength and broaden financing channels [3][45][68]. - The total scale of the exchangeable bonds is not to exceed 50 billion RMB, with the issuance method being non-public and targeted at professional institutional investors [8][45][48]. Group 1 - The company received a registration notice for ultra-short-term financing bonds with a registered amount of 5 billion RMB, valid for two years [1][3]. - The funds raised from the bond issuance will primarily be used to repay existing debts [1][3][45]. - The company has established a special account for the raised funds to ensure they are used solely for the intended purposes [57]. Group 2 - The company’s board has approved the issuance of exchangeable corporate bonds, which will be exchangeable for shares of GF Securities Co., Ltd. [6][47]. - The bonds will have a fixed interest rate and a maturity period of up to 5 years [10][49]. - The initial exchange price for the bonds will be determined based on the stock price prior to the announcement date [21][55]. Group 3 - The company will set up a pledge of GF Securities A-shares as collateral for the bond repayment [23][56]. - The issuance of the bonds is subject to approval at the upcoming shareholder meeting scheduled for May 6, 2025 [42][68]. - The company will apply for the bonds to be listed on the Shenzhen Stock Exchange after the issuance [59].