中天火箭: 陕西中天火箭技术股份有限公司公开发行可转换公司债券第四次临时受托管理事务报告（2025年度）

Core Viewpoint - The report outlines the issuance and management of the convertible bond "Tianjian Convertible Bond" by Shaanxi Zhongtian Rocket Technology Co., Ltd, detailing its approval, terms, and conditions for bondholders [2][3][5]. Group 1: Bond Issuance Overview - The bond issuance was approved by the company's board meeting on January 19, 2022, and the shareholders' meeting on March 18, 2022, with a validity period until March 17, 2023 [2]. - The bond was officially approved by the China Securities Regulatory Commission (CSRC) on July 18, 2022, allowing the company to issue a total of 495 million RMB (49,500 million) in convertible bonds [2][3]. Group 2: Bond Details - The bond has a face value of 100 RMB per bond, with a total issuance of 4,950,000 bonds [3]. - The bond has a maturity period of 6 years, from August 22, 2022, to August 21, 2028, with annual interest rates starting at 0.2% in the first year and increasing to 2.0% in the sixth year [3][4]. - Interest payments will be made annually, with the first payment starting from the issuance date [4]. Group 3: Conversion Terms - The conversion period for the bonds starts on February 27, 2023, and ends on August 21, 2028 [4]. - The initial conversion price was set at 53.11 RMB per share, which has been adjusted to 52.90 RMB per share due to dividend distributions [4][7]. Group 4: Credit Rating and Guarantees - The bonds received a credit rating of AA+ from Dongfang Jincheng International Credit Rating Co., Ltd, with a stable outlook for the issuer [3][5]. - The bonds are backed by a full, unconditional, and irrevocable guarantee from the controlling shareholder, Aerospace Fourth Academy [5]. Group 5: Management Responsibilities - The management company, China International Capital Corporation (CICC), is responsible for monitoring significant matters affecting bondholders' rights and ensuring compliance with relevant regulations [2][6]. - CICC will continue to oversee the issuer's repayment obligations and other significant matters impacting bondholder interests [6].