Shanghai Dazhong Public Utilities : DAZHONG PUBLIC UTILITIES SELECTED AS CLASSIC CASES OF 2024 CHINA FINANCIAL MARKET

Recently, the 2025 Yangtze River Delta Financial Rule of Law Seminar, sponsored by the Law Research Institute of the Shanghai Academy of Social Sciences and the Shanghai International Service Trade Industry Association, and organized by the Shanghai International Business Law Research Association and the Bund Financial Innovation Pilot Zone Legal Research Center, supported by the Inter-Pacific Bar Association, was held in Shanghai. At the meeting, the renowned financial expert Zhang Ning made comments on the classic cases of the financial market in 2024. Shanghai Dazhong Public Utilities (Group) Co., Ltd. (hereinafter referred to as "Dazhong Public Utilities"), due to its excellent performance in the financial market in 2024, was selected as one of the "Winners of the Classic Cases of China Financial Market in 2024" along with Guotai Haitong Securities Co., Ltd. and Bright Dairy & Food Co., Ltd.

In 2024, Dazhong Public Utilities successfully established a multi-channel and comprehensive financing system with high credit ratings - AAA for main credit rating and AAA for bond credit rating. This financing channel not only balances equity and debt financing, but also optimizes long-term and short-term financing structures, effectively reducing financing costs and laying a solid foundation for achieving high-quality sustainable development. The Company has successfully obtained registration notices for RMB3.5 billion super-short-term commercial papers and RMB3.5 billion medium-term notes issued by the National Association of Financial Market Institutional Investors. And successfully issued the first tranche of RMB900 million corporate bonds in February 2024, with a new low interest rate since the Company issued corporate bonds in 2012.

At present, the Yangtze River Delta region is economically vibrant. Shanghai, as the leading city of the Yangtze River Delta, has entered the upgraded version of the construction of its international financial center. Guided by President Xi Jinping's latest important speech during his inspection in Shanghai before May Day, the Company will actively adapt to the new situation, the Company will actively adapt to the new situation, and adopt models such as transformation, innovation, and win-win cooperation. At the same time, it will actively embrace new technologies, empower the main business of public utilities with technological development, and provide support for promoting a new round of high-level reform and opening up and high-quality development in Shanghai.