Nanjing Public Utilities Development Co., Ltd. announced a private placement to issue not more than CNY 1,000,000,000 on July 21, 2022. The transaction will include participation from no more than 200 investors and the number of issuance objects. The specific issuance method is submitted to the general meeting of shareholders to authorize the board of directors and agree to the board of directors to authorize the company's management.

The issue of the corporate bonds is still subject to the deliberation and approval of the company's general meeting of shareholders, and the issuance approval of the Shenzhen Stock Exchange before it can be implemented. The company announced the transaction has been approved at the 18th meeting of the of the 11th Board of Directors of the company.