Huagong Tech issues second tranche of short-term commercial paper

Huagong Tech Company Limited announced the successful issuance of its 2025 second tranche of short-term commercial paper (science and innovation bond). This follows resolutions from its board meeting on May 16, 2025, and a shareholders' meeting on June 3, 2025, which approved the application to issue short-term commercial paper and medium-term notes. The company received approval from the National Association of Financial Market Institutional Investors on July 21, 2025, to register short-term commercial paper up to 2 bn yuan and medium-term notes up to 2 bn yuan, valid for two years.

The current issuance, termed "25 Huagong Tech CP002 (Science and Innovation Bond)," has an issue code of 042580559. It has a principal amount of 500 million yuan, a term of 365 days, and an issuance price of 100 yuan per 100 yuan. The coupon rate for this tranche is 1.67%.

The value date for this tranche is October 27, 2025, with the repayment date set for October 27, 2026. China CITIC Bank served as the lead underwriter and bookrunner, with Industrial Bank acting as the co-lead underwriter.