Huayang Lianzhong: Intends to raise 800 million yuan in perpetual bonds through targeted financing to controlling shareholders.

Huayang Lianzhong announced that the company plans to carry out an 800 million yuan non-standard perpetual debt financing with its controlling shareholder, Hunan Xiangjiang New District Development Group Co., Ltd. The two parties have signed a "Perpetual Debt Investment Agreement". The transaction constitutes a related party transaction and does not constitute a significant asset restructuring. Necessary internal decision-making and related party avoidance review procedures have been completed at this stage, and it still needs to be approved by a special resolution of the shareholders' meeting and approved by the competent authority of the state-owned asset management department. According to the agreement, the perpetual debt has no fixed maturity date, an annual interest rate of 4%, and the company has the right to renew, redeem, and defer interest. The proceeds from this financing will be used for debt repayment and supplementing liquidity, and the use of funds is legal and compliant.