Xiamen Rail Group's 10 billion yuan small public bond application accepted by Shanghai Stock Exchange

The Shanghai Stock Exchange corporate bond project information platform shows that the status of Xiamen Rail Construction and Development Group Co., Ltd.'s RMB 10 billion small public offering bond project has been updated to "accepted," with an acceptance date of October 9, 2026. The draft prospectus filing shows that after deducting issuance expenses, the proceeds from this bond issuance are intended to be used as follows: no more than RMB 5.7 billion to repay the principal of maturing/puttable corporate bonds, no more than RMB 1 billion for fixed asset investment projects, no more than RMB 2.1 billion to repay interest-bearing debt, and no more than RMB 1.2 billion to supplement working capital.