On July 9th, ZGC Sci-tech Guarantee, a subsidiary of the ZGC Development Group, successfully issued the country's first corporate bonds to promote the healthy and high-quality development of the private economy in support of micro-, small-, and medium- enterprises.

These bonds raised a total of 200 million yuan, with a maturity term of three years and a coupon rate of 1.83%, once again the lowest interest rate for a three-year bond offering within the financing guarantee industry in China, fully demonstrating the high recognition of the brand and strength of the ZGC Sci-tech Guarantee by market investors.

The subscription multiple for this bond issuance has reached 4.85 times, reflecting the credibility and influence of the ZGC Development Group and ZGC Sci-tech Guarantee in the capital market.

This bond issuance has further expanded the company’s financing channels and methods, laying a solid foundation for better serving technology innovative firms and SMEs, supporting private companies, and effectively playing the role of credit enhancement and cost reduction in the future.