Dazhong Transportation secures approval for debt instruments totaling CNY 4.5 bn

Dazhong Transportation (Group) Co., Ltd. announced the successful registration of debt financing instruments. The company received notification from the National Association of Financial Market Institutional Investors (NAFMII) approving the registration of super short-term commercial papers totaling CNY 3 billion. This registration is valid for two years from the notification date, with Shanghai Bank, Ningbo Bank, Shanghai Rural Commercial Bank, and Shanghai Pudong Development Bank serving as joint lead underwriters.

Additionally, NAFMII approved the registration of CNY 1.5 billion in medium-term notes for Dazhong Transportation. This registration also holds a two-year validity from the notification date, with the same consortium of banks acting as joint lead underwriters. The company plans to issue both instruments in tranches during their respective registration periods.

The decision to pursue this financing was approved by the company's board of directors on March 27, 2025, and by shareholders on May 23, 2025. Dazhong Transportation pledges to adhere to all disclosure requirements as stipulated by relevant rules and guidelines for non-financial corporate debt financing instruments.