Recently, JIC Leasing studied the capital market trends and seized the opportunity to successfully release the third issue of corporate bonds. This issue of corporate bonds has a total amount of RMB 1.1 billion, with a term of four years. Two kinds of two-way call-back options are set up, with an option to adjust the coupon rate and an investor call-back option attached after the second and third years respectively. Final book-keeping issuance results: the offering size of corporate bonds for 2+2 years is RMB 800 million, with an interest rate of 3.73%; the offering size of corporate bonds for 3+1 years is RMB 300 million, with an interest rate of 4.02%, lower than the average interest rate of the industry in recent years, which has been widely recognized by the market.

The interest rate of this issue is 22BP lower than the valuation of the same term bonds of the company during the period of existence, which reduces the financing cost of the company, optimizes debt structure and lowers liquidity risk by setting options of different terms.

The Company will continue to carry out in-depth research on the macro capital market, expand financing channels, strengthen close communication with cooperative banks, seize the financing point, reduce financing costs, and provide strong financial guarantees for better serving the real economy.