Core Viewpoint - Zhonglian Heavy Industry successfully issued convertible bonds in Hong Kong, raising 6 billion RMB to support its R&D and global business expansion strategies [1][2] Group 1: Convertible Bond Details - The issuance scale of the convertible bonds is 6 billion RMB, with a maturity of 5 years and a coupon rate of 0.70% [1] - The funds raised will be allocated 50% to support the company's global development strategy and 50% to drive high-quality innovation [1] Group 2: Strategic Importance - The issuance aligns with Zhonglian Heavy Industry's ongoing strategies of globalization, diversification, greening, intelligence, and digitization [2] - The successful bond issuance reflects strong recognition from international investors across multiple countries, indicating confidence in the company's growth prospects and governance [2] Group 3: Industry Context - The machinery equipment industry is undergoing significant changes, with trends towards globalization, green transformation, and technological innovation [2] - Zhonglian Heavy Industry is positioned as a representative enterprise in China's manufacturing sector, exemplifying the move towards higher value chains globally [2]

Core Viewpoint - Zhonglian Heavy Industry successfully issued HK convertible bonds, marking a significant milestone in its international capital operations, with funds aimed at enhancing R&D and overseas business development [1][2]. Group 1: Issuance Details - The issuance scale of the convertible bonds reached 6 billion RMB, with a 5-year term, a coupon rate of 0.70%, and a conversion price of 10.02 HKD [2]. - The issuance received strong interest from global institutional investors, reflecting confidence in the company's long-term growth prospects and credit quality [2]. Group 2: Investor Participation - The bond issuance attracted participation from renowned international investment institutions across various countries, including China, the US, UK, Germany, France, Switzerland, Ireland, and Singapore, indicating broad recognition of the company's development strategy and financial health [3]. - In a context of global economic uncertainty, the company has maintained investor trust through a clear development strategy and strong financial performance [3]. Group 3: Strategic Context - The company is navigating a transformative industry landscape characterized by globalization, green transition, and technological innovation, aligning its strategies with these trends [4]. - Funds raised will be allocated 50% to support global development initiatives and 50% to drive innovation in new technologies such as robotics and renewable energy [4]. Group 4: Future Outlook - The full conversion of the bonds will enhance the liquidity of the company's H-shares and improve its international capital image, supporting its global development strategy [5]. - The successful issuance serves as a model for Chinese manufacturing firms aiming to ascend the global value chain, with the company committed to sustainable development and high standards of corporate governance [5].

Group 1 - The company plans to issue RMB 60 billion convertible bonds maturing in 2031 based on special authorization [1] - The bonds will be issued at a fixed exchange rate, approximately equivalent to HKD 67.452 billion [1] - The underwriters have agreed to subscribe to the bonds under specific terms outlined in the subscription agreement [1] Group 2 - The convertible bonds can be converted into H-shares at an initial conversion price of HKD 10.02 per share [2] - If fully converted, the bonds will result in approximately 673,188,000 H-shares, representing about 43.36% of the company's issued H-shares as of the announcement date [2] - After full conversion, the newly issued shares will account for 30.25% of the enlarged total issued H-shares [2]

每经AI快讯，1月29日，中联重科在港交所公告，公司与经办人订立《认购协议》，据此，本公司已经 同意向经办人或按其指示发行可换股债券，而经办人已经各别（并非共同）同意按《认购协议》若干条 款，认购本金人民币60亿元（按固定汇率换算，约等同67.45亿港元）可换股债券并支付其价款，或促 使认购人认购可换股债券并支付其价款。 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 本公告僅供參考，不構成提出收購、購買或認購證券的邀請或要約，也不構成訂立協議以進行 該等事宜的邀請，亦不應視為提出收購、購買或認購任何證券的邀請。 本公告不得直接或間接分派於或予美國境內（包括其領地和屬地、美國任何州和哥倫比亞特 區）。本公告及其所載的資料不構成或成為在美國購買、認購或出售證券的要約、邀請或邀 約的一部份。本公告所述的證券既沒有、也不會根據《1933年美國證券法》（經修訂）（「《證券 法》」）登記，除非獲豁免遵守《證券法》的登記規定，或交易不受制於該等登記規定，否則不得 在美國境內發售或出售該等證券。本公告所述的證券依據《證券法》的《S規例》在美國境外發售 及出售。在美國或其他被限制或禁止公開發售本公告所述證券的司法管轄區，不會且將不會進 行該等發售。本公告或其所載的資料不應被視為徵收任何資金、證券或其他對價的邀請，如果 發送資金、證券或任何對價以回應本公告或其所載的資料，將不被接受。 ...

假设可换股债券全部按每股H股10.02港元的初始转股价格进行转换，可换股债券将可转换为约 673,188,000股H股，约相当于本公司于本公告日期的已发行H股总数43.36%及已发行股本总数7.78%， 以及本公司于可换股债券全数转换后经扩大的已发行H股总数30.25%及经扩大的已发行股本总数 7.22%。 1月29日早间，中联重科在港交所公告，公司与经办人订立认购协议，据此，公司已经同意向经办人或 按其指示发行可换股债券，而经办人已经各别（并非共同）同意认购本金人民币6,000,000,000元可换股 债券并支付其价款，或促使认购人认购可换股债券并支付其价款。可换股债券可以依据其条款及条件所 载的情况转换为H股，初始转股价格为每股H股港元10.02（可予调整）。 ...

Core Viewpoint - Zhonglian Heavy Industry (01157.HK) has entered into a subscription agreement to issue convertible bonds worth RMB 6 billion (approximately HKD 6.745 billion) with underwriters including Huatai International, HSBC, and Morgan Stanley [1] Group 1: Convertible Bonds Issuance - The company has agreed to issue convertible bonds to the underwriters, who will subscribe to the bonds under specific terms outlined in the subscription agreement [1] - The final terms of the convertible bonds, including principal amount and initial conversion price, were determined after the underwriters conducted book building on January 28, 2026 [1] Group 2: Conversion Details - If the convertible bonds are fully converted at the initial conversion price of HKD 10.02 per share, they will convert into approximately 673 million H-shares, representing about 43.36% of the company's total issued H-shares and 7.78% of the total issued share capital as of the announcement date [1] - The initial conversion price of HKD 10.02 per share is at a premium of approximately 18.58% compared to the last trading price of HKD 8.45 per share on the Hong Kong Stock Exchange [1] Group 3: Fundraising Expectations - The net proceeds from the issuance of the convertible bonds are expected to be approximately RMB 59.42 billion (around HKD 66.80 billion) [1]

智通财经APP讯，中联重科(01157)发布公告，2026年1月29日(交易时段前)，公司与经办人订立《认购 协议》，据此，公司已经同意向经办人或按其指示发行可换股债券，而经办人已经各别(并非共同)同意 按《认购协议》若干条款，认购本金人民币60亿元(按固定汇率换算，约等同67.45亿港元)可换股债券并 支付其价款，或促使认购人认购可换股债券并支付其价款。 可换股债券可以依据其条款及条件所载的情况转换为H股，初始转股价格为每股H股港元10.02(可予调 整)。 假设可换股债券全部按每股H股10.02港元的初始转股价格进行转换，可换股债券将可转换为约6.73亿股 H股，约相当于(i)公司于本公告日期的已发行H股总数43.36%及已发行股本总数7.78%，以及(ii)公司于 可换股债券全数转换后经扩大的已发行H股总数30.25%及经扩大的已发行股本总数7.22%。转换股份将 属缴足及在所有方面与公司于相关登记日期时的已发行H股享有同等地位。 经办人于2026年1月28日(交易时段后)进行簿记建档后，厘定了可换股债券的最终条款，包括但不限于 本金额与初始转股价格。 ...

可换股债券可以依据其条款及条件所载的情况转换为H股，初始转股价格为每股H股港元10.02(可予调 整)。 假设可换股债券全部按每股H股10.02港元的初始转股价格进行转换，可换股债券将可转换为约6.73亿股 H股，约相当于(i)公司于本公告日期的已发行H股总数43.36%及已发行股本总数7.78%，以及(ii)公司于 可换股债券全数转换后经扩大的已发行H股总数30.25%及经扩大的已发行股本总数7.22%。转换股份将 属缴足及在所有方面与公司于相关登记日期时的已发行H股享有同等地位。 中联重科（000157）(01157)发布公告，2026年1月29日(交易时段前)，公司与经办人订立《认购协 议》，据此，公司已经同意向经办人或按其指示发行可换股债券，而经办人已经各别(并非共同)同意按 《认购协议》若干条款，认购本金人民币60亿元(按固定汇率换算，约等同67.45亿港元)可换股债券并支 付其价款，或促使认购人认购可换股债券并支付其价款。 经办人于2026年1月28日(交易时段后)进行簿记建档后，厘定了可换股债券的最终条款，包括但不限于 本金额与初始转股价格。 ...

Group 1 - During the "14th Five-Year Plan" period, Hunan's capital market has achieved significant breakthroughs in nurturing listed companies, optimizing sector structure, gathering innovative momentum, and fulfilling social responsibilities, thereby injecting strong vitality into the province's economic and social development [1] - The number of A-share listed companies in Hunan increased from 116 at the end of 2020 to 146 by the end of 2025, with a total market value reaching 1.89 trillion yuan, a 7.5% increase from 2020 [2] - In 2024, Hunan's listed companies generated operating income of 899.77 billion yuan, accounting for 16.9% of the provincial GDP, and achieved a net profit of 42.01 billion yuan, representing 19.2% of the industrial profits in the province [2] Group 2 - By the end of 2024, there were 93 manufacturing listed companies in Hunan, accounting for nearly 70% of the total number of listed companies, with a total tax contribution of 27.036 billion yuan [3] - The capital market structure in Hunan has been continuously optimized, with strategic emerging industries becoming new growth engines, as evidenced by 13 out of 14 newly listed companies belonging to these sectors [4] - The "Changsha-Zhuzhou-Xiangtan" urban agglomeration remains the core area for listed companies, with Changsha leading with 86 companies, nearly 60% of the total [4] Group 3 - Hunan's listed companies have actively expanded overseas, achieving overseas revenue of 157.573 billion yuan in 2024, which accounts for 17.51% of total revenue, marking an 86.85% increase since 2020 [5] - R&D investment by Hunan's listed companies reached 32.34 billion yuan in 2024, with an overall R&D intensity of 3.6%, surpassing the national average of 2.1% [6] - The number of patents held by Hunan's listed companies reached 44,312 by the end of 2024, a 48.4% increase from 29,860 in 2020, with significant achievements in key sectors [7] Group 4 - Hunan's listed companies have actively fulfilled social responsibilities, with 88 companies implementing cash dividends totaling over 22.7 billion yuan in 2024, a 130% increase from 2020 [8] - The disclosure of ESG reports by Hunan's listed companies increased by 182.35%, with over half publishing independent reports in 2024 [8] - Hunan's capital market has experienced leapfrog development during the "14th Five-Year Plan," with listed companies enhancing their core competitiveness and contributing to high-quality economic development [9]