The China Securities Regulatory Commission (CSRC) has requested Guangzhou Yuexiu Capital Holdings Group (000987.SZ) to submit more relevant information regarding the issuance of corporate bonds.

On March 18th, the China Securities Regulatory Commission (CSRC) issued an inquiry letter regarding the application file for Guangzhou Yuexiu Capital Holdings Group's public issuance of corporate bonds to professional investors. The CSRC requested the issuer to provide supplementary explanations on the financing plan arrangement, evaluate the impact of the specific business operations, operating activities, investment activities, and the method and period of return on its debt repayment capacity, detail the sources and arrangements for debt repayment funds, and carefully determine the scale of this bond issuance and the use of proceeds. The original text is as follows: Inquiry Letter Regarding the Application File of Guangzhou Yuexiu Capital Holdings Group's Public Issuance of Corporate Bonds to Professional Investors Guangzhou Yuexiu Capital Holdings Group: I have reviewed the examination opinions, registration application documents, and related review materials submitted by Shenzhen Stock Exchange regarding Guangzhou Yuexiu Capital Holdings Group's public issuance of corporate bonds to professional investors, and have formed the following opinions. According to the provisions of the "Administrative Measures on the Issuance and Trading of Corporate Bonds" (CSRC Order No. 222), please implement each item and submit a written response and electronic documents to Shenzhen Stock Exchange within three months. Failure to reply on time may result in a decision to terminate the review process. If the reply involves modifications to the prospectus, please use bold characters. March 18, 2024 Feedback Questions According to the application materials, the net cash flows generated from the issuer's operating activities during the reporting period were -52.07 billion yuan, -72.76 billion yuan, -13.41 billion yuan, and the net cash flows generated from investment activities were -194.03 billion yuan, -23.31 billion yuan, and -61.88 billion yuan. In addition, the issuer has outstanding corporate bonds within the scope of the consolidated financial statements totaling 189 billion yuan, registered but unissued corporate bonds totaling 40 billion yuan, a proposed registration of 100 billion yuan in this application, and a total of 50 billion yuan in other corporate bonds under review. Please provide supplementary explanations on the financing plan arrangement, evaluate the impact of the specific business operations, operating activities, investment activities, and the method and period of return on the issuer's debt repayment capacity, detail the sources and arrangements for debt repayment funds, and carefully determine the scale of this bond issuance and the use of proceeds. Please have the lead underwriter verify the above matters and issue a clear verification opinion. This article is adapted from the CSRC official website; GMTEight Editor: Ye Zhiyuan.