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On March 13, Visual China revealed its intention to apply to the National Association of Financial Market Institutional Investors for the registration and subsequent issuance of sci-tech innovation bonds, with a cumulative amount not surpassing 400 million yuan. The company plans to issue these bonds, within the approved quota and validity timeframe, either in a single tranche or multiple tranches. The timing of the issuance will be strategically chosen, taking into account the company's actual funding requirements and prevailing market conditions. Following the deduction of issuance-related expenses, the funds raised will be allocated to lawful uses, including project development, R&D investments, mergers and acquisitions, repayment of interest-bearing debts, and bolstering working capital within the realm of sci-tech innovation.
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