Fangzheng Securities: Approved to publicly issue corporate bonds to professional investors in an amount not exceeding 30 billion yuan.

Fangzheng Securities Announcement: The company recently received approval from the China Securities Regulatory Commission for the public issuance of corporate bonds to professional investors. The approval allows the company to issue corporate bonds to professional investors with a total face value not exceeding 30 billion yuan, valid for 24 months from the date of registration approval. The company can issue the bonds in installments within the registration period.