Hairong Cold Chain: The proceeds from the convertible bond issuance will be used to support the company's strategic layout and expansion of its core business.

Securities Daily Online News: On March 24, Hairong Cold Chain responded to investor questions on the interactive platform, stating that the funds raised from convertible bonds will be used to support the company’s strategic layout and main business development, which is beneficial for the company’s long-term stable growth.

(Editor: Yuan Guanlin)

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