<p>On October 29th, Xiexin Group's Taicang Port Xiexin Power Co., Ltd. received the &#34;Acceptance Registration Notice&#34; issued by the China Interbank Market Dealers Association, with a registered amount of asset-backed notes reaching 4.53 billion yuan. It is reported that this asset-backed note is based on the heating and electricity income generated by Xiexin Taidian's four 330,000-kilowatt units over the next seven years, with a maturity period not exceeding seven years</p>

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<p>On October 29th, Xiexin Group's Taicang Port Xiexin Power Co., Ltd. received the "Registration Acceptance Notice" issued by the National Association of Financial Market Institutional Investors, with a registered amount of asset-backed notes reaching 4.53 billion yuan. It is reported that this asset-backed note is based on the heating and electricity income generated by 4 units of 330,000 kilowatts from Xiexin Power over the next 7 years, with a maturity period not exceeding 7 years</p>

GCLET has implemented the largest scale ABN for power supply and heating assets in 2025