According to the plan previously disclosed by the company, the total amount of convertible bonds to be issued by changjiang securities this time does not exceed 5 billion yuan, and the term is six years from the date of issuance. After deducting the issuance expenses, all the raised funds will be used to supplement the company's working capital, and the holders of convertible bonds will increase the company's capital after conversion, so as to expand the business scale, optimize the business structure, and enhance the company's market competitiveness and anti-risk ability.