Red Sun recently received the Enterprise Foreign Debt Borrowing Review Registration Certificate issued by the National Development and Reform Commission, approving the company to issue offshore bonds of up to USD 158 million or equivalent. The registration certificate is valid for one year from the date of issuance. This offshore bond issuance has been approved by the company's tenth board of directors at its tenth meeting and by the first extraordinary general meeting of shareholders in 2026. Based on the company's strategic development needs for fine chemical capacity upgrades, industrial chain extension, and green chemical transformation, the company originally planned to issue offshore bonds of up to USD 200 million or equivalent with a term of no more than three years. The aim is to broaden diversified financing channels, optimize the debt structure, meet the needs of project investment, production and operation, and working capital turnover, and promote the company's sustained and steady development.
Nanjing Red Sun Co LtdNDRC approval to issue up to USD 158 million in offshore bonds, enabling financing for strategic projects.