中证鹏元资信评估股份有限公司 中证鹏元公告【2025】243 号 中证鹏元关于关注宁波博汇化工科技股份有限公司 2025 年 一季度业绩亏损、实际控制人变更事项进展及博汇转债募集 资金用途确定变更的公告 中证鹏元资信评估股份有限公司（以下简称"中证鹏元"）对宁 波博汇化工科技股份有限公司（以下简称"博汇股份"或"公司"， 股票代码：300839.SZ）及其发行的下述债券开展评级。除评级委托 关系外，中证鹏元及评级从业人员与公司不存在任何足以影响评级行 为独立、客观、公正的关联关系。 | 债券简称 | 上一次评级时间 | | | | 上一次评级结果 | | --- | --- | --- | --- | --- | --- | | | | 主体等级 | 评级展望 | | 债项等级 | | 博汇转债 | 2025 年 4 月 18 | A/列入观察名 | A/列入观察名 - | 日 | | | | | | 单 单 | | | 针对以上事项，中证鹏元向公司了解相关情况： 1）2024 年下半年以来，公司整体处于经营转型期，于 2025 年 3 月基本确定了产品结构调整方案，过程中公司整体生产、销售均受到 影响，因此 ...

Group 1 - The core viewpoint of the article highlights the increasing trend of private equity (PE) institutions acquiring listed companies to achieve strategic synergies, with notable activity observed since the beginning of 2025 [2] - Recent cases of PE acquisitions include Qiming Venture Partners acquiring Tianmai Technology and Wuxi State-owned Assets acquiring Bohui Shares, indicating a growing frequency of capital operations between PE and listed companies [2] - The article discusses a closed-door seminar organized by Guohao Law Firm to explore the collaborative development paths and opportunities between PE institutions and listed companies, featuring executives from various financial and investment institutions [2][6] Group 2 - The seminar commenced on May 16, 2025, with a welcome address by Guohao Shanghai partner, Lawyer Zou Jing, who introduced the event and attendees [6] - A keynote speech was delivered by Guohao Shanghai partner, Lawyer Zhang Zechuan, focusing on recent PE acquisition cases and the types of funds involved in PE and listed company collaborations [10] - Interactive discussions among attendees addressed practical challenges such as control balance, capital cooperation, and investment logic, leading to diverse viewpoints and new ideas for collaborative development [11]

| 证券代码：300839 | 证券简称：博汇股份 | 公告编号：2025-071 | | --- | --- | --- | | 债券代码：123156 | 债券简称：博汇转债 | | 宁波博汇化工科技股份有限公司 关于"博汇转债"回售的第二次提示性公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 特别提示： 风险提示：投资者选择回售等同于以 100.82 元/张（含息、税）卖出持有的 "博汇转债"。截至本公告发出前的最后一个交易日，"博汇转债"的收盘价高 于本次回售价格。投资者选择回售可能会带来损失，敬请投资者注意风险。 一、回售条款概述 （一）导致回售条款生效的原因 宁波博汇化工科技股份有限公司（以下简称"公司"）于 2025 年 4 月 22 1、债券代码：123156；债券简称：博汇转债 2、回售价格：100.82 元/张（含息、税） 3、回售申购期：2025 年 5 月 15 日至 2025 年 5 月 21 日 4、发行人资金到账日：2025 年 5 月 26 日 5、回售款划拨日：2025 年 5 月 27 日 6、投资者回售款到账日：20 ...

Core Viewpoint - The successful completion of the first domestic high-sulfur fuel oil futures delivery in China marks a significant step in breaking the reliance on imported fuel and enhancing the domestic supply chain for ship fuel [1][3]. Group 1: Industry Significance - The introduction of domestically produced high-sulfur fuel oil for futures contracts is expected to stabilize the supply environment for quality ship fuel, which is crucial for the international shipping industry [3][4]. - The rising oil prices have made fuel oil costs the largest expense for shipping companies, making the use of heavy oil a necessary choice for cost savings and increased profitability [3][4]. - The establishment of a fuel oil futures market in China will provide a transparent pricing mechanism and risk management tools for domestic producers, traders, and end-users [4][5]. Group 2: Company Overview - Bohui Co., as the sole domestic producer of high-sulfur fuel oil in the private sector, is actively exploring and attempting to meet market demands in collaboration with oil traders and logistics companies [6][7]. - The company has a production capacity of nearly one million tons annually and is positioned in a key chemical park, benefiting from advantageous logistics and a complete industrial chain [6][7]. - Bohui Co. aims to adapt its business philosophy to focus on specialization and precision, aligning with international standards to enhance its competitiveness in the global market [7]. Group 3: Future Outlook - The company is optimistic about future business prospects, with several clients already expressing interest in collaboration, indicating a positive market response to its new product offerings [7].

Group 1 - The company held its 22nd meeting of the fourth board and the 16th meeting of the fourth supervisory board on April 22, 2025, where it approved a proposal to change part of the raised funds' usage to permanently supplement working capital and repay bank loans [1] - The company is required to grant convertible bondholders a right to sell back their bonds within 20 trading days after the shareholders' meeting approval, as per relevant regulations [1] - A notice regarding the first repurchase of "Bohui Convertible Bonds" was disclosed on the same day [1] Group 2 - The company applied to the Shenzhen Stock Exchange to suspend the conversion of "Bohui Convertible Bonds" during the repurchase application period, which will last for five trading days [2] - The suspension of conversion will end on May 22, 2025, when the conversion will resume [2] - During the suspension period, "Bohui Convertible Bonds" will continue to trade normally [2]

Core Viewpoint - The legal opinion letter from Shanghai Jintiancheng Law Firm confirms that Ningbo Bohui Chemical Technology Co., Ltd.'s convertible bond repurchase complies with relevant regulations and the terms outlined in the offering prospectus [1][11]. Group 1: Approval and Authorization - The company has passed several resolutions regarding the issuance of convertible bonds, including the feasibility analysis report and the authorization for the board to handle related matters [4][5][6]. - The application for issuing convertible bonds was approved by the Shenzhen Stock Exchange on May 27, 2022, and received registration approval from the China Securities Regulatory Commission on July 20, 2022 [6][7]. Group 2: Listing and Repurchase Details - The company issued 397 million yuan of convertible bonds, which began trading on the Shenzhen Stock Exchange on September 2, 2022, under the name "Bohui Convertible Bonds" with the code "123156" [7]. - The offering prospectus includes specific provisions for bondholders to repurchase their bonds if there are significant changes in the use of raised funds, as recognized by regulatory authorities [8][9]. Group 3: Implementation of Repurchase - The company held board and shareholder meetings in April and May 2025 to approve changes in the use of raised funds, allowing bondholders to exercise their repurchase rights within 20 trading days after the shareholder meeting [10]. - The company is required to follow legal procedures for announcing the repurchase and its results as per relevant laws and the offering prospectus [11].

| 证券代码：300839 | 证券简称：博汇股份 | 公告编号：2025-069 | | --- | --- | --- | | 债券代码：123156 | 债券简称：博汇转债 | | 宁波博汇化工科技股份有限公司 关于"博汇转债"回售的第一次提示性公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 特别提示： 风险提示：投资者选择回售等同于以 100.82 元/张（含息、税）卖出持有的 "博汇转债"。截至本公告发出前的最后一个交易日，"博汇转债"的收盘价高 于本次回售价格。投资者选择回售可能会带来损失，敬请投资者注意风险。 一、回售条款概述 （一）导致回售条款生效的原因 宁波博汇化工科技股份有限公司（以下简称"公司"）于 2025 年 4 月 22 1、债券代码：123156；债券简称：博汇转债 2、回售价格：100.82 元/张（含息、税） 3、回售申购期：2025 年 5 月 15 日至 2025 年 5 月 21 日 4、发行人资金到账日：2025 年 5 月 26 日 5、回售款划拨日：2025 年 5 月 27 日 6、投资者回售款到账日：20 ...

关于"博汇转债"回售期间暂停转股的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 特别提示： 1、债券代码：123156；债券简称：博汇转债 2、转股起止时间：自 2023 年 2 月 22 日起至 2028 年 8 月 15 日 3、暂停转股时间：2025 年 5 月 15 日至 2025 年 5 月 21 日 | 证券代码：300839 | 证券简称：博汇股份 | 公告编号：2025-070 | | --- | --- | --- | | 债券代码：123156 | 债券简称：博汇转债 | | 宁波博汇化工科技股份有限公司 根据《深圳证券交易所创业板股票上市规则》《深圳证券交易所上市公司自 律监管指引第 15 号——可转换公司债券》以及公司《募集说明书》的规定，经 股东会批准变更募集资金投资项目的，上市公司应当在股东会通过后 20 个交易 日内赋予可转债持有人一次回售的权利。具体内容详见公司同日披露的《关于"博 汇转债"回售的第一次提示性公告》（公告编号：2025-069）。 根据《深圳证券交易所上市公司自律监管指引第 15 号——可转换公司债券》 ...

上海市锦天城律师事务所 关于宁波博汇化工科技股份有限公司 可转换公司债券回售的 法律意见书 地址：上海市浦东新区银城中路 501 号上海中心大厦 9/11/12 层 电话：021-20511000 传真：021-20511999 邮编：200120 上海市锦天城律师事务所 法律意见书 上海市锦天城律师事务所 关于宁波博汇化工科技股份有限公司 可转换公司债券回售的 法律意见书 致：宁波博汇化工科技股份有限公司 上海市锦天城律师事务所（以下简称"锦天城"或"本所"）接受宁波博汇 化工科技股份有限公司（以下简称"公司"或"发行人"）的委托，根据《中华 人民共和国公司法》《中华人民共和国证券法》《可转换公司债券管理办法》（以 下简称《管理办法》）、《公司债券发行与交易管理办法》《深圳证券交易所公 司债券上市规则》《深圳证券交易所上市公司自律监管指引第 15 号—可转换公 司债券》（以下简称《监管指引》）等法律法规、规范性文件以及《宁波博汇化 工科技股份有限公司向不特定对象发行可转换公司债券募集说明书》（以下简称 《募集说明书》）、《宁波博汇化工科技股份有限公司向不特定对象发行可转换 公司债券之债券持有人会议规则》（以 ...

国联民生证券承销保荐有限公司 1 二、回售条款概述 （一）导致回售条款生效的原因 公司于 2025 年 4 月 22 日召开第四届董事会第二十二次会议及第四届监事会 第十六次会议，于 2025 年 5 月 13 日召开 2024 年度股东大会，于 2025 年 5 月 7 日至 2025 年 5 月 13 日以简化程序召开"博汇转债"2025 年第一次债券持有人 会议，审议通过了《关于变更部分募集资金用途并永久补充流动资金、偿还银行 贷款的议案》。具体参见《关于变更部分募集资金用途并永久补充流动资金、偿 还银行贷款的公告》（公告编号：2025-058）。 关于宁波博汇化工科技股份有限公司可转换公司债券回售有关事项 的核查意见 国联民生证券承销保荐有限公司（以下简称"国联民生保荐"或"保荐人"） 作为宁波博汇化工科技股份有限公司（以下简称"博汇股份"或"公司"）向不 特定对象发行可转换公司债券持续督导的保荐人，根据《证券发行上市保荐业务 管理办法》《深圳证券交易所创业板股票上市规则》《深圳证券交易所上市公司 自律监管指引第 2 号——创业板上市公司规范运作》《深圳证券交易所上市公司 自律监管指引第 15 号—— ...