Founder (601901.SH) is approved to issue corporate bonds of up to 30 billion yuan to professional investors.

Founder (601901.SH) announcement, the company recently received the approval from the China Securities Regulatory Commission on the public offering of corporate bonds by Founder Securities Co., Ltd. to professional investors. The approval allows the company to publicly issue corporate bonds with a total face value not exceeding 30 billion yuan to professional investors. The validity period is 24 months from the date of approval, and the company can issue the bonds in installments within the validity period.