Poly Developments: Plans to issue corporate bonds not exceeding 15 billion yuan.

Poly Developments announced that the company plans to publicly issue corporate bonds with a total value not exceeding 15 billion yuan, with a face value of 100 yuan and a maturity of up to 10 years. The bond issuance will be conducted through a public offering, which can be either a one-time issuance or a phased issuance. The funds raised from the bond issuance are intended to be used for repaying interest-bearing debts, supplementing working capital, project construction, acquiring real estate projects, and other purposes permitted by applicable laws and regulations.