CSC (06066) announced that the company has received approval from the Shanghai Stock Exchange and registration from the China Securities Regulatory Commission (CSRC) under document No. [2025]1336 to issue up to 20 billion yuan in perpetual subordinated bonds (the "Bonds") to professional institutional investors. The Bonds will be issued in tranches, with the current tranche (the "Current Bonds") capped at 3 billion yuan (inclusive).