Conch profile issue the financing certificate successfully

Conch profile has successfully issued the short-term financing certificate of 500 million yuan. The short-term financing certificate which was 365 days limit recommend in form of discounting in China Agriculture Bank. Actually, we have raised the 480 million yuan through it and the coupon rate is 4.15%.

Issuing the short-term financing certificate is a method to reduce the financial expenses. Through expanding the channel of financing and using this new-type financial instruments, we have optimized the financial structure and saved the financial expenses about 10 million yuan.