WENZHOU HONGFENG(SZ:300283) Zheng Quan Zhi Xing·2025-05-12 11:46Core Viewpoint - The report summarizes the sponsorship work of Zhongde Securities for Wenzhou Hongfeng Electric Alloy Co., Ltd.'s issuance of convertible bonds to unspecified objects, highlighting the completion of the sponsorship period and compliance with regulatory requirements [1][2]. Group 1: Sponsorship Overview - Zhongde Securities served as the sponsor for Wenzhou Hongfeng's issuance of convertible bonds, with the sponsorship period ending on December 31, 2024 [1]. - The company has a total share capital of 437,282,403 shares and is listed on the Shenzhen Stock Exchange under the code 300283.SZ [1]. - The issuance of convertible bonds was successfully completed, with the bonds listed on April 8, 2022 [1]. Group 2: Due Diligence and Continuous Supervision - During the due diligence phase, Zhongde Securities conducted thorough investigations and coordinated with various intermediaries to prepare application documents [1]. - In the continuous supervision phase, the sponsor provided verification opinions, ensured compliance with regulations, and conducted training for the company's major shareholders and actual controllers [2]. Group 3: Major Events and Responses - Zhongde Securities faced regulatory actions, including fines and warnings from the China Securities Regulatory Commission (CSRC) due to past compliance issues, which have since been addressed [3][4]. - The company reported a net profit decline of 33.64% due to high costs associated with its copper foil and semiconductor projects, indicating challenges during its growth phase [4]. Group 4: Company Cooperation and Compliance - Wenzhou Hongfeng provided timely and accurate information to the sponsor, facilitating the due diligence process and ensuring compliance with legal requirements [5][6]. - The company adhered to regulations regarding the management and use of raised funds, maintaining proper storage and designated usage of the funds [6]. Group 5: Remaining Sponsorship Matters - As of the report date, the funds raised from the issuance of convertible bonds have not yet been fully utilized, and the sponsor will continue its supervisory obligations regarding the remaining funds [6].