Zhongchuang Xinhang (03931.HK) announced that the board of directors has approved and resolved to present to shareholders for consideration and discretion to apply for the registration and issuance of debt financing instruments not exceeding 5 billion yuan from the China Association of Traders, with the issuance type being medium-term notes.

The term of the debt financing instruments shall not exceed 5 years. The raised funds will be used to supplement working capital, repay corporate debts, and other purposes that comply with legal and regulatory requirements, in accordance with relevant laws, regulations, and regulatory authority requirements.