GAC Group: Plans to apply for the registration of debt financing instruments not exceeding 15 billion yuan.

On August 3, GAC Group announced that the board of directors approved the proposal regarding the company's application to register and issue debt financing instruments. In order to further broaden financing channels, optimize debt structure, effectively reduce financing costs, and meet the funding needs of the company's production and operations, the company plans to apply to the National Association of Financial Market Institutional Investors to register uniformly and issue debt financing instruments with a total principal amount not exceeding 15 billion yuan, in accordance with relevant laws, regulations, and the companys articles of association.