Contemporary Amperex Technology plans to issue up to 10 bn yuan in bonds

Contemporary Amperex Technology Co., Ltd. announced a plan to register and issue bonds totaling up to 10 billion yuan. The bond issuance, with a term not exceeding five years, is intended to support project construction, supplement working capital, and repay interest-bearing liabilities. The company's board of directors approved this proposal, which will proceed to a shareholder meeting for final approval.

The board has proposed that the general manager, or an authorized delegate, be granted full authority to handle all matters related to the bond issuance. This includes determining specific terms, engaging intermediaries, and fulfilling disclosure requirements. This authorization will be effective from the date of shareholder approval for 24 months.

Shareholders will vote on this proposal during the second extraordinary general meeting of 2025, scheduled for December 25. The meeting, which will include both in-person and online voting, also includes other significant proposals.