SHANXI INSTALL (02520) has announced its intention to issue corporate bonds with a total principal amount not exceeding RMB 500 million and a maturity of two years. This issuance is designated as the first tranche of the company's 2026 public offering of corporate bonds targeted at professional investors. The bonds will not include any credit enhancement measures. The coupon rate for this bond issue has been set with an initial inquiry range of 2.00% to 2.70%, and the final rate will be determined through a book-building process. The issuance is expected to be completed by February 9, 2026.