Sanfeng Environment: Plans to apply for the registration and issuance of asset-backed commercial papers not exceeding 1 billion yuan

Sanfeng Environment announced that the company plans to apply for the registration and issuance of asset-backed commercial paper, with a scale not exceeding RMB 1 billion. The specific issuance scale will be determined based on the final registered amount, funding needs, and market conditions. The underlying assets are the rights to collect electricity fees for specific future periods enjoyed by the company and its subsidiaries. The issuance targets institutional investors in the national interbank bond market, with a term not exceeding 3 months. The issuance interest rate will be determined based on market inquiries, and the funds will be used to supplement working capital, invest in research and development, repay debts, etc. This issuance needs to be submitted for review by the shareholders' meeting