The 2023 Corporate bond (1st tranche 23 Gongyong 01) was successfully publicly issued on March 9, 2023. The issuance scale of the bond is RMB1 billion, the term is 3 years, the main credit rating is AAA, and the bond rating is AAA. Through the joint efforts of the issuer and the lead underwriter, the coupon rate of the bond is finally determined to be 3.37%, which sets the lowest interest rate of corporate bond financing of all terms and varieties since the Company issued corporate bonds in 2012. The bond was oversubscribed by 1.83 times, demonstrating the investors' recognition and confidence in the Company's future development. The company would like to thank Haitong Securities for its contribution to the successful issuance of the bond, and also thank other institutions involved in the issuance for their support and help.