YAXING CHEMICAL(SH:600319) Zheng Quan Zhi Xing·2025-05-12 13:51Core Viewpoint - The company has approved a plan for a non-public bond issuance aimed at professional investors, with a total scale not exceeding RMB 220 million, to be used for repaying debts and other legal purposes [1][2][3] Group 1: Bond Issuance Details - The bond will have a face value of RMB 100 per unit and can be issued in one or multiple phases [2] - The bond's term will not exceed 7 years, with the specific structure to be determined based on market conditions [2][3] - The funds raised will be used primarily for repaying interest-bearing debts and other purposes allowed by law [2][3] Group 2: Approval and Voting - All 9 attending directors voted in favor of the bond issuance plan, representing 100% of the voting rights [2][3][4] - The resolution for the bond issuance is subject to approval at the company's shareholders' meeting [2][4] Group 3: Management and Authorization - The board has been authorized to handle all matters related to the bond issuance, including regulatory approvals and the finalization of issuance terms [4][5] - The authorization is valid for 24 months from the date of shareholder approval [4] Group 4: Additional Financial Arrangements - The company has increased the borrowing limit from its controlling shareholder from RMB 200 million to RMB 250 million, with a loan term of up to 10 months at an annual interest rate of 6.9% [6][7] - The company will provide a guarantee for its wholly-owned subsidiary's financing lease business, with a limit of RMB 250 million [6][7] Group 5: Upcoming Shareholder Meeting - The company plans to hold its 2024 annual shareholder meeting on June 3, 2025 [7]