Following the issue of medium-term notes with a maturity of 3 years at a new low rate on January 13, CNBM Ltd. made accurate predictions and seized market opportunities to successfully issue 2 billion yuan of renewable corporate bonds with a maturity of 3+N years on January 17, a subscription multiple exceeding 3, and a coupon rate of 2.99%, which is the lowest rate ever recorded for perpetual bonds of the same maturity in the entire market and for perpetual bonds issued by the company.