| 证券代码：300986 | 证券简称：志特新材 | 公告编号：2025-083 | | --- | --- | --- | | 转债代码：123186 | 转债简称：志特转债 | | 江西志特新材料股份有限公司 关于提前赎回"志特转债"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。 10、根据安排，截至 2025 年 8 月 7 日收市后仍未转股的"志特转债"将按 照 100.36 元/张的价格被强制赎回，本次赎回完成后，"志特转债"将在深圳证 券交易所（以下简称"深交所"）摘牌。持有人持有的"志特转债"存在被质押 或被冻结的，建议在停止转股日前解除质押或解除冻结，以免出现因无法转股而 被强制赎回的情形； 特别提示： 1、可转债赎回价格：100.36 元/张（含当期应计利息，当期年利率为 1%， 且当期利息含税）。扣税后的赎回价格以中国证券登记结算有限责任公司深圳分 公司（以下简称"中登公司"）核准的价格为准； 2、可转债赎回条件满足日：2025 年 7 月 9 日； 3、可转债停止交易日：2025 年 8 月 5 日； 4、可转债赎回 ...

Investment Rating - The report rates the construction and decoration industry as "Overweight" [2][8] Core Viewpoints - The overall investment growth rate is weak, with infrastructure investment providing relative stability amidst pressures in manufacturing and real estate. Infrastructure investment (excluding electricity) grew by 5.6% year-on-year from January to May 2025, while total infrastructure investment increased by 10.4% [2] - The report predicts that corporate profits will face pressure in the first half of 2025 due to slowing fixed asset investment growth and a focus on project quality. The expected net profit growth rates for key companies are categorized into various ranges, with some companies projected to see declines [2][3] - The report suggests that low valuations of state-owned enterprises in the construction sector may recover due to ongoing economic stimulus policies and management's market value management methods. The current PE and PB ratios for the construction industry are at 11.2X and 0.76X, respectively, indicating a bottom position [2] - Investment recommendations include state-owned enterprises such as China Chemical, China Railway, and China Railway Construction, as well as private companies like Zhi Te New Materials and Shenzhen Ruijie [2] Summary by Relevant Sections Profit Growth Predictions - Companies with a net profit growth rate below -10%: China Railway, China Railway Construction, China Metallurgical Group, China Power Construction, Shanghai Construction, Honglu Steel Structure, Southeast Network Framework [3] - Companies with a net profit growth rate between -10% and 0%: China Communications Construction, Sichuan Road and Bridge [3] - Companies with a net profit growth rate between 0% and 10%: China Energy Engineering, China Steel International, Anhui Construction, Donghua Technology [3] - Companies with a net profit growth rate between 10% and 20%: China Chemical [3] - Companies with a net profit growth rate above 20%: Zhi Te New Materials, Shenzhen Ruijie [3] Valuation Table - The report includes a valuation table for key companies in the construction industry, detailing their stock prices, EPS, PE ratios, and projected net profit growth rates for 2024A, 2025E, and 2026E [3]

特别提示： 1、可转债赎回价格：100.36 元/张（含当期应计利息，当期年利率为 1%， 且当期利息含税）。扣税后的赎回价格以中国证券登记结算有限责任公司深圳分 公司（以下简称"中登公司"）核准的价格为准； | 证券代码：300986 | 证券简称：志特新材 | 公告编号：2025-082 | | --- | --- | --- | | 转债代码：123186 | 转债简称：志特转债 | | 江西志特新材料股份有限公司 关于提前赎回"志特转债"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。 4、可转债赎回登记日：2025 年 8 月 7 日； 5、可转债赎回日：2025 年 8 月 8 日； 6、可转债停止转股日：2025 年 8 月 8 日； 7、发行人资金到账日（到达中登公司账户）：2025 年 8 月 13 日； 2、可转债赎回条件满足日：2025 年 7 月 9 日； 3、可转债停止交易日：2025 年 8 月 5 日； 8、投资者赎回款到账日：2025 年 8 月 15 日； 9、赎回类别：全部赎回； 10、根据安排，截至 20 ...

Group 1 - The company held an emergency board meeting on July 9, 2025, to discuss the early redemption of its convertible bonds [1] - The stock price of the company has been above 130% of the conversion price for at least 15 out of the last 30 trading days, triggering the conditional redemption clause [1] - The board unanimously approved the decision to exercise the early redemption rights for the "Zhite Convertible Bonds" [2] Group 2 - The management has been authorized to handle all matters related to the redemption of the "Zhite Convertible Bonds" [2] - The decision was supported by the sponsor institution, Guosen Securities Co., Ltd., which provided a verification opinion on the proposal [2] - The voting results showed 9 votes in favor, with no opposition or abstentions [2]

Group 1 - The law firm Beijing Zhonglun (Shenzhen) has been commissioned by Jiangxi Zhite New Materials Co., Ltd. to provide legal advice regarding the early redemption of its convertible bonds [1][2] - The legal opinion is based on various laws and regulations, including the Company Law, Securities Law, and the Management Measures for Convertible Bonds [1][3] - The law firm confirms that all statements and documents provided by the company regarding the redemption are accurate and complete, with no false or misleading information [2][3] Group 2 - The issuance and listing of the convertible bonds were approved by the company's board and independent directors, and the application was approved by the Shenzhen Stock Exchange and the China Securities Regulatory Commission [4][5] - The convertible bonds were listed on April 21, 2023, with an initial conversion price of 41.08 yuan per share [6][14] - The company has met the redemption conditions as specified in the offering prospectus, including the stock price performance over a specified trading period [6][11] Group 3 - The company’s board has approved the early redemption of the convertible bonds, and the management has been authorized to handle all related matters [11][12] - The legal opinion concludes that the redemption process complies with relevant regulations and that the company must fulfill its information disclosure obligations [12][14]

Core Viewpoint - The company, Jiangxi Zhite New Materials Co., Ltd., has triggered the conditional redemption of its convertible bonds ("Zhite Convertible Bonds") due to the stock price meeting specific criteria, leading to the decision to exercise the redemption rights [2][9]. Group 1: Convertible Bond Redemption - The company announced the early redemption of "Zhite Convertible Bonds" after its stock price met the conditions set forth in the offering prospectus, specifically that the closing price was not less than the conversion price for at least 15 out of 30 consecutive trading days [2][6]. - The redemption price for the bonds is set at 100.36 CNY per bond, which includes accrued interest calculated based on the bond's face value and interest rate [8][7]. - The redemption will be executed on August 8, 2025, with the bonds being delisted from the Shenzhen Stock Exchange following the completion of the redemption process [8][9]. Group 2: Convertible Bond Issuance and Terms - The company issued convertible bonds totaling 614.033 million CNY on March 31, 2023, with a conversion period from April 7, 2023, to March 30, 2029 [2][3]. - The initial conversion price was set at 41.08 CNY per share, which has been adjusted to 8.86 CNY per share as of the announcement date [3][5]. - The bonds have a conditional redemption clause that allows the company to redeem them if the stock price remains above 130% of the conversion price for a specified period or if the unconverted balance falls below 30 million CNY [6][7]. Group 3: Shareholder Transactions and Compliance - The company confirmed that there were no transactions involving "Zhite Convertible Bonds" by major shareholders or executives in the six months leading up to the redemption condition being met [8][9]. - The company has complied with all necessary regulatory requirements and internal decision-making processes regarding the early redemption of the bonds [9][10].

| 证券代码：300986 | 证券简称：志特新材 | 公告编号：2025-080 | | --- | --- | --- | | 转债代码：123186 | 转债简称：志特转债 | | 江西志特新材料股份有限公司 2、可转债赎回日：2025 年 8 月 8 日； 3、可转债赎回登记日：2025 年 8 月 7 日； 4、可转债赎回价格：100.36 元/张（含当期应计利息，当期年利率为 1%， 且当期利息含税）。扣税后的赎回价格以中国证券登记结算有限责任公司深圳分 公司（以下简称"中登公司"）核准的价格为准； 5、发行人资金到账日（到达中登公司账户）：2025 年 8 月 13 日； 6、投资者赎回款到账日：2025 年 8 月 15 日； 7、可转债停止交易日：2025 年 8 月 5 日； 8、可转债停止转股日：2025 年 8 月 8 日； 关于提前赎回"志特转债"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、可转债赎回条件满足日：2025 年 7 月 9 日； 9、赎回类别：全部赎回； 10、最后一个交易日（2025 年 8 ...

北京市中伦（深圳）律师事务所 关于江西志特新材料股份有限公司 可转换公司债券提前赎回的 二〇二五年七月 法律意见书 北京市中伦（深圳）律师事务所（以下简称"本所"）接受江西志特新材料 股份有限公司（以下简称"志特新材"、"发行人"或"公司"）委托，担任志特 新材本次可转换公司债券提前赎回事项（以下简称"本次赎回"）的专项法律顾 问。根据《中华人民共和国公司法》（以下简称"《公司法》"）、《中华人民共和国 证券法》（以下简称"《证券法》"）、《可转换公司债券管理办法》（以下简称"《可 转债管理办法》"）、《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"《自律监管指引第 15 号》"）等法律、法规、规章、规范 性文件以及《江西志特新材料股份有限公司创业板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》"）的相关规定出具本法律意见书。 对本法律意见书的出具，本所及本所律师作出如下声明： 北京市中伦（深圳）律师事务所 关于江西志特新材料股份有限公司 可转换公司债券提前赎回的 法律意见书 致：江西志特新材料股份有限公司 1．本所及本所律师对本法律意见书所涉及的有关 ...

国信证券股份有限公司 关于江西志特新材料股份有限公司 提前赎回可转债的核查意见 国信证券股份有限公司（以下简称"保荐人"）作为江西志特新材料股份有 限公司（以下简称"志特新材"、"公司"）首次公开发行股票并在创业板上市 及向不特定对象发行可转换公司债券的保荐人，根据《证券发行上市保荐业务管 理办法（2025 年修正）》《深圳证券交易所创业板股票上市规则（2025（（（（》 及《深圳证券交易所上市公司自律监管指引第 13 号——保荐业务 （2025（（（（》《可转换公司债券管理办法（2025 年修 正）》等有关规定，审慎核查了志特新材提前赎回"志特转债"事项，核查的具体 情况如下： 一、可转换公司债券基本情况 （一）可转换公司债券发行上市情况 经中国证券监督管理委员会《关于同意江西志特新材料股份有限公司向不特 定对象发行可转换公司债券注册的批复》（证监许可〔2023〕543号）同意，公 司于2023年3月31日向不特定对象发行可转换公司债券 （以下简称"可转债"）614.033万张，发行价格为每张面值100元人民币，按面值 发行，募集资金共计人民币61,403.30万元。经深圳证券交易所同意，公司本次可 转债于 ...

| 证券代码：300986 | 证券简称：志特新材 公告编号：2025-081 | | --- | --- | | 转债代码：123186 | 转债简称：志特转债 | 江西志特新材料股份有限公司 第四届董事会第十三次会议决议公告 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。 1、审议通过了《关于提前赎回"志特转债"的议案》 自 2025 年 6 月 19 日至 2025 年 7 月 9 日，公司股票已连续三十个交易日中 至少有十五个交易日的收盘价不低于当期转股价格的 130%（含 130%，即 11.52 元/股），触发《江西志特新材料股份有限公司创业板向不特定对象发行可转换公 司债券募集说明书》中的有条件赎回条款。 结合当前市场及公司自身情况，经过综合考虑，公司董事会决定公司行使"志 特转债"的提前赎回权利，并授权公司管理层负责后续"志特转债"赎回的全部 相关事宜。 保荐机构国信证券股份有限公司对本议案出具了核查意见。 具体内容详见同日披露于巨潮资讯网（www.cninfo.com.cn）上的相关公告。 表决结果：同意 9 票，反对 0 票，弃权 0 票。 ...