Core Viewpoint - The company, Shuangle Pigment Co., Ltd., has convened its ninth meeting of the third board of directors to discuss and approve the issuance of convertible bonds to unspecified investors, which requires further approval from the shareholders' meeting [1][2][22]. Group 1: Board Meeting Details - The board meeting was held on March 25, 2025, with all nine directors present, confirming compliance with legal and regulatory requirements [1]. - The meeting included discussions on various proposals related to the issuance of convertible bonds, all of which received unanimous approval from the directors [2][3]. Group 2: Convertible Bond Issuance - The company plans to issue convertible bonds with a total amount not exceeding RMB 800 million, with the funds intended for specific projects [19][20]. - The bonds will have a face value of RMB 100 each, a maturity period of six years, and will be listed on the Shenzhen Stock Exchange [3][5]. - The interest rate for the bonds will be determined based on market conditions and will be paid annually [5][6]. Group 3: Terms and Conditions - The conversion period for the bonds will start six months after issuance and will last until the maturity date [6][7]. - The initial conversion price will be set based on the average trading price of the company's stock prior to the issuance [7][8]. - The company will adjust the conversion price in case of stock dividends, capital increases, or other corporate actions [8][9]. Group 4: Rights and Obligations of Bondholders - Bondholders will have rights to interest payments, conversion into shares, and the option to sell back the bonds under certain conditions [16][17]. - The company will hold meetings for bondholders to discuss significant changes affecting their rights [18]. Group 5: Future Plans and Governance - The company has prepared a three-year dividend return plan for shareholders from 2025 to 2027, emphasizing the importance of shareholder returns [25]. - The board has proposed to authorize the management to handle all matters related to the bond issuance, ensuring efficient execution [28].
双乐股份: 第三届董事会第九次会议决议公告