SHANXI INSTALL (02520) announced that its board of directors has passed a resolution to submit a proposal to shareholders for review and approval regarding the issuance of domestic corporate bonds with a total principal amount not exceeding RMB 1.5 billion.

According to the announcement, issuing corporate bonds will help the company establish a positive image and reputation in the capital markets, gaining recognition and confidence from investors and upstream and downstream partners. The move will also open direct financing channels in the capital markets, laying a solid foundation for the company's future capital raising activities through capital markets.