Shandong Molong Petroleum Machinery (002490.SZ) plans to privately issue corporate bonds not exceeding 200 million yuan.

Shandong Molong Petroleum Machinery (002490.SZ) announced that, in order to further expand financing channels, improve debt structure, prevent financial risks, and considering the actual situation of the company, the company plans to privately issue no more than 200 million yuan (including 200 million yuan) corporate bonds to professional investors. The funds raised from this bond issuance, after deducting necessary issuance expenses, are intended to be used to repay interest-bearing debts of the company and its subsidiaries, as well as for other purposes permitted by laws and regulations. The specific use of funds will be determined within the above-mentioned scope based on the company's financial needs before the issuance.