Group 1 - The core point of the article is that Jiangnan Water Co., Ltd. has approved a proposal to issue corporate bonds not exceeding RMB 1 billion to optimize its debt structure and lower financing costs [33][34]. - The board meeting was held on January 20, 2026, with all 9 directors present, and the meeting was deemed legal and effective [2][3]. - The proposal to issue corporate bonds requires approval from the company's first extraordinary general meeting of 2026 [5][30]. Group 2 - The total amount of the corporate bonds to be issued is capped at RMB 1 billion, with the specific scale subject to regulatory approval [6][35]. - The bonds will be issued only to professional investors, as defined by relevant regulations [8][36]. - The issuance method will be through a book-building process, allowing for either a single issuance or multiple issuances [10][37]. Group 3 - The bonds will have a maximum term of 5 years, with specific terms determined based on market conditions at the time of issuance [12][38]. - The face value of each bond will be RMB 100, issued at par [13][39]. - The bonds will have a fixed interest rate, determined through a pricing inquiry process with the lead underwriter [15][39]. Group 4 - Interest will be calculated annually on a simple interest basis, with payments made once a year and the principal repaid at maturity [17][40]. - The method of guarantee for the bonds will be determined by the board of directors based on market conditions [19][41]. - The funds raised will be used for repaying interest-bearing debts, supplementing working capital, equity investments, fixed asset investments, or asset acquisitions [21][42]. Group 5 - The bonds will be underwritten by the lead underwriter on a firm commitment basis, and an application for listing and trading will be submitted to the Shanghai Stock Exchange after issuance [23][43]. - The resolution for the bond issuance will remain effective until approved by the shareholders' meeting and during the validity period of the regulatory approval [25][44]. Group 6 - The first extraordinary general meeting of 2026 is scheduled for February 5, 2026, to discuss the bond issuance and other related matters [31][52]. - The meeting will utilize a combination of on-site and online voting methods [53][54]. - Shareholders must register to attend the meeting, with specific procedures outlined for both individual and institutional shareholders [60][63].