Core Viewpoint - The Shanghai Stock Exchange has announced the listing of Zhangjiajie Tianmen Tourism Economic Investment Co., Ltd.'s third phase of non-public corporate bonds aimed at professional investors, set to begin trading on December 12, 2025 [1][2]. Group 1 - The bonds will be issued under the name "25 Tianmen 03" with the security code "280970" [2]. - The trading methods for these bonds include click transactions, inquiry transactions, competitive bidding transactions, and negotiated transactions [2].