Xugong Machinery announced that the 20 billion yuan asset-backed note registration amount applied for by the company in 2022 is valid for 24 months and will expire in December 2024. In order to optimize the asset structure and improve asset operation efficiency, the company plans to issue asset securitization projects totaling no more than RMB 20 billion, including the Shenzhen Stock Exchange Market Asset Support Special Plan of 10 billion yuan and the interbank market asset support notes of 10 billion yuan. The distribution period is not more than 5 years. The specific period of validity is subject to the actual issuance period. Product hierarchies can be divided into priority and secondary levels, and priorities can be further grouped. The company's subscription sub-share is no more than 5% of the total issuance of asset securitization products.

Xugong Machinery announced that the 20 billion yuan asset-backed note registration amount applied for by the company in 2022 is valid for 24 months and will expire in December 2024. In order to optimize the asset structure and improve asset operation efficiency, the company plans to issue asset securitization projects totaling no more than RMB 20 billion, including the Shenzhen Stock Exchange Market Asset Support Special Plan of 10 billion yuan and the interbank market asset support notes of 10 billion yuan. The distribution period is not more than 5 years. The specific period of validity is subject to the actual issuance period. Product hierarchies can be divided into priority and secondary levels, and priorities can be further grouped. The company's subscription sub-share is no more than 5% of the total issuance of asset securitization products.