This announcement is made by the board of directors of Xinyi Solar Holdings Limited on a voluntary basis. The Board refers to the announcements of the Company dated 27 December 2024 and 17 March 2025 in relation to the proposed issuance of Panda Bonds by the Company in the People's Republic of China (the "PRC") 1 in the aggregate principal amount of not more than RMB 3.0 billion. Unless the context requires otherwise, the capitalised terms in this announcement shall be the same as in the Previous Announcements.
The Board announced that the issuance of the first tranche of Panda Bonds has been completed on 26 June 2025. Based on the bookbuilding and placement results, the total issuance size of the first tranche of Panda Bonds is RMB 800 million with a coupon rate of 2.1% per annum for a term of three years.
