SINOLINK SECURITIES(SH:600109) Zheng Quan Zhi Xing·2025-06-06 08:15Group 1 - The company, Henan Jindan Lactic Acid Technology Co., Ltd., has issued 7,000,000 convertible bonds with a total fundraising amount of RMB 700 million, net proceeds amounting to RMB 689.61 million [1][2] - The bonds, named "Jindan Convertible Bonds" with code "123204," began trading on the Shenzhen Stock Exchange on August 2, 2023 [2] - The company has decided to postpone the completion date of its fundraising project related to the annual production of 75,000 tons of polylactic acid biodegradable materials from August 2025 to June 2026 due to various factors including project complexity and market conditions [4][6] Group 2 - The total investment for the fundraising project is RMB 1.03 billion, with RMB 700 million planned to be raised from the current bond issuance [4] - As of May 31, 2025, the cumulative investment in the project is RMB 689.61 million, with RMB 612.31 million already invested [4][5] - The company is a leading player in the domestic lactic acid industry, focusing on the production, sales, and research of lactic acid and its derivatives for 40 years, and is expanding its biodegradable materials circular industry chain [5][6]