Financial Street (000402.SZ) applies to issue no more than RMB 8.7 billion in private placement corporate bonds.

Zhitong Finance APP news, Financial Street (000402.SZ) issued an announcement that the company held the second meeting of the eleventh Board of Directors on November 9, 2026, at which the proposal for the company to apply to issue private placement corporate bonds was reviewed and approved. The company plans to issue corporate bonds to no more than a total of RMB 8.7 billion through non-public issuance (hereinafter collectively referred to as the "private placement corporate bonds"). The proceeds from this private placement corporate bonds will be used for refinancing outstanding corporate bonds, and the final use of proceeds shall be subject to the approval of the shareholders' meeting and regulatory authorities.