Group 1 - The company held its 8th (temporary) meeting of the 11th Supervisory Board on April 2, 2025, with all five supervisors present, including one by proxy and three via video conference [1] - The Supervisory Board approved a proposal to establish asset-backed notes based on the electricity fee receivables of its subsidiary, Tianjin Teda Environmental Protection Co., Ltd., with a financing amount not exceeding 750 million RMB [2] - The proposal aims to broaden financing channels and promote the company's stable development, pending approval from the shareholders' meeting and registration or review by the China Interbank Market Dealers Association [2]

Group 1 - The company plans to issue green asset-backed notes (ABN) with a maximum amount of 750 million RMB to broaden financing channels and optimize its debt structure [1][2][3] - The issuance will be conducted by Tianjin TEDA Environmental Protection Co., Ltd., a subsidiary of the company, using future electricity fee receivables as the underlying asset [1][2] - The expected issuance period is up to 5 years, with proceeds intended for liquidity support and debt repayment [2][3] Group 2 - The ABN will be structured into senior and subordinated tranches, with the total scale not exceeding 750 million RMB [2] - The interest rate for the issuance will be determined based on market conditions [2] - The proposal requires approval from the shareholders' meeting and registration or review by the China Interbank Market Dealers Association before implementation [1][3]