The 2024 corporate bond of Dazhong Public Utility (1st tranche 24 Gongyong 01) was successfully publicly issued on February 1, 2024. The issuance scale of this bond is RMB1 billion, with a maturity of 3 years, the main credit rating is AAA, and the bond rating is AAA. Through the joint efforts of the Company and the lead underwriter, the issuance scale of this bond is finally determined to be RMB900 million, with a coupon rate of 2.85%, which is the lowest interest rate since the Company has issued corporate bond in 2012.

The successful issuance of this bond is due to the continuous attention and accurate understanding of the company and financial institutions on the market capital and interest rate trend. The coupon rate is a record low, which fully reflects the high recognition by the capital market. This bond is the first phase of the issuance work in 2024, which has achieved a "good start" and played a positive role in reducing financing costs.

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.