Recently, Sunhold Law Firm assisted Taixing Zhiguang Environmental Protection Technology Co., Ltd. to issue the first phase of 2020 corporate bonds, of which the total project scale is estimated to be about 1.5 billion yuan. The first phase has a project size of 500 million yuan, an issue term of 3 years, and a stated interest rate of 6.5%, with Guoyuan Securities Co., Ltd serves as the lead underwriter and Sunhold Law Firm as the special legal counsel. The successful issuance of this debt reflects the affirmation of the issuer by the capital market and lays a solid foundation for the issuer to continuously optimize the debt structure.