Core Viewpoint - The Shanghai Stock Exchange has announced the listing of Shudao Investment Group Co., Ltd.'s 2025 public issuance of technology innovation corporate bonds (Phase III) for professional investors, effective December 15, 2025 [1][2]. Group 1 - The bonds will be traded under the name "25 Shudao K4" with the security code "244341" [2]. - The trading methods for these bonds include matching transactions, click transactions, inquiry transactions, bidding transactions, and negotiated transactions [2]. - According to China Clearing rules, these bonds can participate in pledged repurchase transactions [2].