On October 8, Gelonhui reported that Dashan Edu (09986.HK) intends to issue bonds to independent third-party investors. The proposed total principal amount of the bonds shall not exceed 0.15 billion Hong Kong dollars. The bonds may be issued in one or more batches. The net proceeds from the proposed bond issuance are intended to be used for the development of existing overseas education consulting services business, exploring new business opportunities (including but not limited to brand operation and management consulting services), and for general working capital.