CAPITAL ENV (03989) announced the issuance of up to RMB 2 billion (inclusive) in corporate bonds targeting professional investors for 2025 (First Tranche). Based on book-building results and thorough negotiation between the issuer and lead underwriters, the coupon rate for Bond Series 1 (bond abbreviation: 25CEHL01, code: 244387.SH) has been finalized at 2.00%. The entire allocation of Bond Series 2 (25CEHL02, code: 244388.SH) has been reallocated to Series 1.