Core Viewpoint - Shenzhen Jingwang Electronics Co., Ltd. has successfully issued convertible bonds, raising a total of RMB 1.154 billion, with the bonds set to trade on the Shanghai Stock Exchange starting May 9, 2023 [3][4]. Group 1: Bond Issuance Details - The company issued 11.54 million convertible bonds, each with a face value of RMB 100, totaling RMB 1,154 million [3][4]. - The bonds have a maturity period of 6 years, from April 4, 2023, to April 3, 2029 [4]. - The coupon rates for the bonds are structured to increase over the years, starting at 0.30% in the first year and reaching 2.00% by the sixth year [4][5]. Group 2: Conversion and Interest Payment - The initial conversion price for the bonds is set at RMB 25.71 per share, with the current conversion price adjusted to RMB 24.71 per share [6]. - Interest payments will be made annually, with the first payment occurring one year after the issuance date [5]. - The bondholders will receive a cash dividend of RMB 0.80 per share for the 2024 fiscal year, which will affect the conversion price [6][7]. Group 3: Impact of Profit Distribution - The adjustment of the conversion price to RMB 23.91 per share is due to the cash dividend distribution, effective June 11, 2025 [7]. - The profit distribution is expected to support the company's stable development and aligns with relevant regulations [8].
景旺电子: 深圳市景旺电子股份有限公司2023年公开发行可转换公司债券2025年第一次临时受托管理事务报告