Guangzhou Restaurant Group (603043.SH) plans to issue convertible bonds to raise no more than 1 billion yuan for expanding production and technological renovation projects, etc.

Guangzhou Restaurant (603043.SH) disclosed the preplan of issuing convertible corporate bonds to unspecified targets. The total amount of funds to be raised through the issuance of convertible bonds is not more than 1 billion yuan (including), with the net amount of funds raised after deducting issuance expenses planned to be invested in the following projects: 470 million yuan for food manufacturing base capacity expansion and technological renovation project, 290 million yuan for expansion into markets outside the province and the construction of food retail network project, 125 million yuan for the group's digital transformation project, and 113 million yuan for the research and development project of key technologies for the new generation of healthy food.