It is understood that the bond is a fixed-rate bond with a term of three years and a total issuance of 250 million yuan. The raised funds are used to repay bank loans and the company's working capital. The bond lead underwriters are China Merchants Securities and Yili Securities. According to the issuance announcement, the value date of this bond is the issuance date, and the maturity date is August 8, 2022, with coupon rate accounting for 6.80%. For investors, it is necessary to comprehensively consider and accurately measure the risks and benefits of bond issuance, and at the same time pay attention to factors such as bond liquidity, credit risk and market conditions.