Non Publicly Registered Bonds Of Zhejiang Chaosheng: RMB 35.2 Billion

On July 10, 2010, Zhejiang Longsheng (600352. SH) announced that on July 10, 2020, the company received the "reply on approving Zhejiang Longsheng Group Co., Ltd. to publicly issue corporate bonds to professional investors" (zjxk [2020] No. 1380) issued by China Securities Regulatory Commission (CSRC), and approved the company to publicly issue corporate bonds with total face value no more than 10 billion yuan to professional investors apply.

The company's bonds will be issued in installments. The first issue will be completed within 12 months from the date of approval for registration; the remaining issues will be completed within 24 months from the date of approval for registration.

The reply shall be valid within 24 months from the date of approval of registration.