Summary by Futu AI
China Longyuan Power Group Limited ("China Longyuan") announced that it has completed the issuance of medium-term notes on September 20, 2024, with a total of two different types. Type one has a total issuance amount of 2 billion RMB, a term of 3 years, and a coupon rate of 2.12%; Type two has a total issuance amount of 1 billion RMB, a term of 10 years, and a coupon rate of 2.37%. The issuance is led by Shanghai Pudong Development Bank as the lead underwriter, with Industrial Bank, China Construction Bank, China Merchants Bank, HTSC as joint lead underwriters. The funds raised will be used to supplement working capital or repay interest-bearing debts of the company and its subsidiaries. This issuance is based on the voting results of the 2023 Annual Shareholders' Meeting and was approved by the shareholders on June 6, 2024. The executive directors of China Longyuan are Mr. Gong Yufei and Mr. Wang Liqiang, and the non-executive directors include Mr. Tang Chaoxiong, etc., with independent non-executive directors such as Mr. Wei Mingde.