Xingrong Environmental approved for RMB2.5 bn renewable bond issuance

Chengdu Xingrong Environmental Co., Ltd. (Xingrong Environmental) announced today that it has received approval from the China Securities Regulatory Commission to publicly issue renewable corporate bonds to professional investors. The total face value of the bonds will not exceed RMB2.5 billion. This approval follows the resolution passed at the company's 2024 annual shareholders' meeting on May 9, 2025.

The regulatory approval grants a validity period of 24 months from the date of consent for registration, allowing Xingrong Environmental to issue the bonds in tranches within this timeframe. The company is committed to adhering to all relevant laws, regulations, and the terms of the approval as it proceeds with the issuance.

Xingrong Environmental stated that it will diligently handle all related issuance matters and ensure timely disclosure of information to the market. This issuance is expected to provide the company with additional capital, enhancing its financial flexibility.