Group 1 - The company Guangdong Shunkong Development Co., Ltd. is planning to issue non-publicly offered exchangeable bonds based on its controlling shareholder Guangdong Shunde Holding Group Co., Ltd.'s shares [1] - The exchangeable bonds have been approved by the Shenzhen Stock Exchange, confirming compliance with listing conditions [1] - The actual issuance scale of the bonds is 700 million RMB, with a maturity period starting from the first trading day after six months from the issuance date [1] Group 2 - The company will continue to monitor the subsequent matters related to the exchangeable bonds and will disclose relevant information in a timely manner as required [2]