Yuyuan Tourist Mart gets approval for bond issuance

Shanghai Yuyuan Tourist Mart Group (SSE: 600655) has received approval from the China Securities Regulatory Commission (CSRC) to register the issuance of corporate bonds targeted at professional investors. The CSRC's approval, document number [证监许可〔2025〕317号], greenlights the company to proceed with the issuance. The approval allows Yuyuan Tourist Mart to issue bonds with a total face value not exceeding RMB 1,213,000,000. The company must adhere to the prospectus submitted to the Shanghai Stock Exchange for the bond issuance. The approval is valid for 24 months from the date of registration, during which time the company can issue the bonds in tranches. The Board of Directors will handle related matters within the scope authorized by the shareholders' meeting and fulfill information disclosure obligations.