China Longyuan completed the issuance of commercial paper on November 22, 2024, with a total amount of 1.8 billion yuan, a term of 178 days, and a face interest rate of 1.98%. This commercial paper was underwritten by China Citic Bank Corporation as the lead underwriter, and Shanghai Pudong Development Bank as the joint lead underwriter for public sale. The funds raised will be mainly used to repay interest-bearing debts of the company and its subsidiaries, as well as to supplement working capital. The interest on this commercial paper will start to accrue from November 25, 2024. This measure is based on the resolution approved at the 2023 Shareholders' Meeting to issue debt financing instruments. The announcement emphasizes that this issuance does not constitute a solicitation or invitation to purchase or subscribe to any securities. Chairman Gong Yufei, on behalf of the Board of Directors, issued this announcement and signed it in Beijing on November 25, 2024.

China Longyuan completed the issuance of commercial paper on November 22, 2024, with a total amount of 1.8 billion yuan, a term of 178 days, and a face interest rate of 1.98%. This commercial paper was underwritten by China Citic Bank Corporation as the lead underwriter, and Shanghai Pudong Development Bank as the joint lead underwriter for public sale. The funds raised will be mainly used to repay interest-bearing debts of the company and its subsidiaries, as well as to supplement working capital. The interest on this commercial paper will start to accrue from November 25, 2024. This measure is based on the resolution approved at the 2023 Shareholders' Meeting to issue debt financing instruments. The announcement emphasizes that this issuance does not constitute a solicitation or invitation to purchase or subscribe to any securities. Chairman Gong Yufei, on behalf of the Board of Directors, issued this announcement and signed it in Beijing on November 25, 2024.