Dongfeng Group (00489) completes the issuance of 1.6 billion yuan of technology innovation corporate bonds.

DONGFENG GROUP (00489) announces that, with the approval of the China Securities Regulatory Commission under "Approval No. [2023] 1245", Dongfeng Motor Group Co., Ltd. (hereinafter referred to as the "Issuer") has publicly issued corporate bonds to professional investors for an amount not exceeding RMB 10 billion (including 10 billion), with the issuance to be completed in stages. According to the "2025 Public Offering Announcement of Technological Innovation Corporate Bonds (New Energy and Intelligent Development High Growth Industry Bonds) (First Tranche) by Dongfeng Motor Group Co., Ltd.", the 2025 public offering of technological innovation corporate bonds (New Energy and Intelligent Development High Growth Industry Bonds) (First Tranche) by Dongfeng Motor Group Co., Ltd. is divided into two categories, with the first category having a term of 3 years and the second category having a term of 5 years. The total issuance size of this tranche will not exceed 2 billion yuan (including 2 billion). The issuance of this tranche of bonds was completed on January 16, 2025. The actual issuance size of the first category of bonds (Bond abbreviation: 25 Dongfeng K1, Code: 242297) was 1.6 billion yuan, with a final coupon rate of 1.70% and a subscription multiple of 4 times. The second category (Bond abbreviation: 25 Dongfeng K2, Code: 242298) was ultimately not issued. The underwriters of this tranche of bonds, CITIC SEC Co., Ltd. and China Securities Co., Ltd. and their affiliates collectively subscribed to 420 million yuan, with fair pricing, compliance with procedures, and no behavior that disrupts market order, such as accepting the commission or instructions of related parties in the bond issuance pricing or transferring benefits. The subscription is in compliance with relevant laws and regulations.