Hangzhou Jizhi Mechatronic (SZ:300553) Zheng Quan Zhi Xing·2025-06-11 08:22Core Viewpoint - Hangzhou Jizhi Electromechanical Co., Ltd. is issuing convertible bonds to unspecified objects, with a total fundraising amount of RMB 254.60 million, after deducting related issuance costs of RMB 6.83 million [2][3]. Summary by Sections Bond Approval and Scale - The company has received approval from the China Securities Regulatory Commission to issue 2.546 million convertible bonds at a face value of RMB 100 each, totaling RMB 25.46 million [2]. Main Terms of the Convertible Bonds - The bonds will have a credit rating of A, with a stable outlook. The company will redeem the bonds at 115% of the face value within five trading days after maturity [3]. - Conditional redemption rights exist if the company's stock price exceeds 130% of the conversion price for 15 out of 30 trading days or if the remaining convertible bonds are less than RMB 30 million [3]. Major Events - The company plans to distribute dividends by increasing capital reserves, with a plan to convert every 10 shares into 3 additional shares based on a total share capital of 85,381,695 shares [4]. - The conversion price of the bonds will be adjusted from RMB 23.54 to RMB 18.11 per share due to the capital increase [5]. Impact Analysis - The dividend distribution aligns with the company's profit distribution conditions and is expected to support long-term development without adversely affecting financial stability or debt repayment capabilities [6].