Yuexiu Capital: The company and its subsidiaries plan to issue debt and asset securitization products totaling no more than 35 billion yuan.

Yuexiu Capital announced that the 30th meeting of the 10th Board of Directors of the company on December 1st approved a proposal to issue corporate bonds, medium-term notes, perpetual notes, and accounts receivable asset-backed securities totaling not more than 35 billion RMB by the company and its subsidiaries, including the company's planned issuance of up to 7 billion RMB of corporate bonds and 6 billion RMB of medium-term notes. This matter still needs to be submitted to the 6th extraordinary general meeting of shareholders in 2025 for approval. The issuance is expected to help expand financing channels, optimize structure, and reduce costs, but the final proposal requires regulatory approval and there is uncertainty in the issuance.