On December 13, Gelonghui reported that Xiangcai Co., Ltd (600095.SH) announced that the company recently received a letter from the Shanghai Stock Exchange regarding the non-public issuance of corporate Bonds by Xiangcai Co., Ltd (document number: [2024] 3401, hereinafter referred to as the 'No Objection Letter'). According to the No Objection Letter, the company's non-public issuance of corporate Bonds totaling no more than 1.1 billion yuan aimed at professional investors meets the listing and transfer conditions of the Shanghai Stock Exchange, and the Exchange has no objections to its listing and transfer. These corporate Bonds will be underwritten by Lianchu Securities Co., Ltd and Caida Securities Co., Ltd, and will be issued in installments. This No Objection Letter is valid for 12 months from the date of issuance.