On December 10, Ningde Times made an announcement stating that at the 11th meeting of its fourth board of directors, a proposal concerning the registration and issuance of bonds had been thoroughly reviewed and duly approved. The company has set its sights on issuing bonds with a total value not surpassing 10 billion yuan. These funds are earmarked for a variety of purposes, including project construction, bolstering working capital, settling interest-bearing liabilities, and other strategic financial needs. The bonds will come with a maturity period that does not extend beyond 5 years. Regarding the issuance approach, the company has opted for a public offering, with the underwriting institution committing to balance underwriting. Depending on the actual capital requirements and prevailing market conditions, the company retains the flexibility to issue the bonds either in a single tranche or across multiple tranches.