Zhitong Finance App News, Huafang Co., Ltd. (600448.SH) issued an announcement. In order to broaden financing channels, optimize debt structure, reduce financing costs, replace high-cost short-term stock debts with long-term low-cost capital, supplement working capital, and enhance the company's operating efficiency, the company plans to privately issue no more than RMB 500 million (inclusive) of corporate bonds. The funds raised by the bonds are intended to repay interest-bearing debts.

Zhitong Finance App News, Huafang Co., Ltd. (600448.SH) issued an announcement. In order to broaden financing channels, optimize debt structure, reduce financing costs, replace high-cost short-term stock debts with long-term low-cost capital, supplement working capital, and enhance the company's operating efficiency, the company plans to privately issue no more than RMB 500 million (inclusive) of corporate bonds. The funds raised by the bonds are intended to repay interest-bearing debts.