Group 1 - The company has received approval from the China Securities Regulatory Commission to issue corporate bonds totaling up to 18 billion yuan through its wholly-owned subsidiary, Wukuang Capital Holdings [1] - Wukuang Capital Holdings has successfully completed the issuance of its fourth phase of corporate bonds, with a total issuance scale of 1.5 billion yuan [2] - The bonds, referred to as "25 Wuzi 05" with bond code "243504," have a maturity of 3 years and a coupon rate of 2.30% [2]