Ideal Car plans to issue a 3-year, 2 billion yuan science and technology innovation bond, with part of the funds raised intended to supplement the working capital of its subsidiaries.

Ideal Car Announcement: The company will publicly issue the first phase of technological innovation bonds for the year 2026 in the national interbank bond market, with a total issuance size of 2 billion yuan and a term of 3 years. This issuance of debt financing tools will be issued at face value, with a subscription range of 1.5% - 2.1%. The issuance date is June 16th. According to the prospectus, after deducting the first year issuance expenses of 750,000 yuan, 999.25 million yuan will be used to supplement the working capital of its subsidiary, Beijing Lidong Automobile Sales Co., Ltd. The remaining 1 billion yuan will be allocated, with 800 million yuan for Shanghai Ideal Car Technology Co., Ltd. and 200 million yuan for Beijing Che and Jia Automobile Technology Co., Ltd., to support the normal operation and long-term development of the above-mentioned technology-based subsidiaries.