According to CoinMeta, Pran Co., Ltd. announced that at the twelfth meeting of its third board of directors, multiple resolutions were approved: First, the company plans to apply to the China Interbank Market Trade Association for the registration and issuance of medium-term notes with a maximum amount of 1.25 billion yuan and an issuance period of no more than 3 years. This matter still needs to be submitted to the shareholders' meeting for review. Second, the company is planning to issue overseas shares (H shares) and list them on the Hong Kong Stock Exchange Limited. Currently, discussions are underway with relevant intermediary institutions regarding the specific implementation details, which have not yet been determined. This H-share listing will not result in any change to the company's controlling shareholders or actual controllers. Subsequent plans will need to be reviewed by the board of directors and the shareholders' meeting and approved by relevant regulatory authorities. Third, the company agreed to establish a management system for the disclosure of information on debt financing instruments, open a special account for raised funds, and sign regulatory agreements.