Core Viewpoint - The company has successfully completed the issuance of its 2025 public offering of renewable company bonds aimed at professional investors, with a total issuance scale of 3 billion RMB [1][2]. Group 1: Bond Issuance Details - The company plans to issue a total of 3 billion RMB in bonds, divided into two types: Type One with a basic term of 3 years and Type Two with a basic term of 5 years [1]. - Type One bonds have a re-pricing cycle of every 3 years, while Type Two bonds have a re-pricing cycle of every 5 years, with options for extension or full repayment at the end of each cycle [1]. - The actual issuance of Type One bonds (referred to as 25华新Y5, code: 244027.SH) was completed on October 24, 2025, with a coupon rate of 2.19% [2]. Group 2: Additional Information - The relevant documents regarding the bond issuance have been announced on the Shanghai Stock Exchange website [3]. - The announcement was made by the company on October 28, 2025 [4].