Core Points - The company has successfully completed the issuance of its second phase of corporate bonds aimed at professional investors, with a total issuance scale of 1 billion yuan [2] - The bonds have a maturity period of 3 years and a coupon rate of 2.12% [2] - The issuance process was conducted through offline inquiries and allocations to professional institutional investors [2] Summary by Sections - **Announcement of Bond Issuance**: The company announced the issuance of technology innovation corporate bonds to support the western development strategy, with the board and all directors ensuring the accuracy and completeness of the announcement [1] - **Details of the Bond Issuance**: The bond issuance was capped at 1 billion yuan, with a face value of 100 yuan per bond, and the issuance was completed on November 20, 2025 [2] - **Company Governance**: The board of directors held meetings to approve the bond issuance and received regulatory approval from the China Securities Regulatory Commission [1][2]