Taien Technology: plans to issue convertible corporate bonds not exceeding 870 million yuan.

Taencon announcement, the company plans to issue convertible corporate bonds to raise funds of up to 870 million yuan from unspecified investors. The net proceeds of the funds raised, after deducting issuance expenses, are intended to be invested in innovative drug research and development projects, the industrialization project of innovative drugs and high-end topical preparations, the Huabokaiseng preparation production base project, and the construction project of the modern traditional Chinese medicine preparation production line in Bozhou Taencon.