Poly Developments: Approved for the public offering of corporate bonds to professional investors up to a maximum of 15 billion yuan.

Poly Developments announced that it has recently received approval from the China Securities Regulatory Commission to publicly issue corporate bonds to professional investors with a total face value not exceeding 15 billion yuan. This issuance must strictly adhere to the prospectus submitted to the Shanghai Stock Exchange, and the approval is valid for 24 months from the registration date and can be issued in installments. If any significant events occur during the period from registration approval to the end of issuance, the company must promptly report and handle them. The company will handle the issuance matters as required and fulfill its disclosure obligations.