CHINA RAIL CONS (01186) announced that the company will issue the 2025 Science and Technology Innovation Perpetual Corporate Bonds (Fourth Tranche) for professional investors on December 17, 2025 (T Day) and December 18, 2025 (T+1 Day). The bond issuance size is capped at RMB 4 billion (inclusive), with each bond having a face value of RMB 100 and an issuance price of RMB 100 per bond. The proceeds from the bond issuance, after deducting issuance expenses, will be fully allocated for productive expenditures, including debt repayment, working capital replenishment, and other legally compliant purposes.