Poly Developments gains approval for convertible bond issuance

Poly Developments & Holdings Group (SSE:600048) announced that it has received approval from the China Securities Regulatory Commission (CSRC) for its application to issue convertible corporate bonds to specific objects. The approval, referenced as document number 证监许可[2025]853号, allows the company to proceed with the issuance within 12 months from the date of registration approval. The company stated that it will adhere to the approved documents, relevant laws, regulations, and shareholder authorization to manage the bond issuance. Poly Developments also committed to fulfilling its disclosure obligations promptly and advised investors to be aware of investment risks.