According to Zhitong Finance App News, China Railway Construction (01186) announced that the company plans to issue China Railway Construction Co., Ltd. on December 24, 2025 (T day) and December 25, 2025 (T+1 day) to publicly issue technological innovation renewable corporate bonds to professional investors in 2025 (issue 5). The current bond size is no more than RMB 4.5 billion (including RMB 4.5 billion). It is divided into two types, each with a face value of 100 yuan and an issue price of 100 yuan/sheet. All net capital raised will be used for productive expenses, including debt repayment, supplementary working capital, etc. that meet the requirements of laws and regulations.