
Core Viewpoint - Jiangnan Chemical (002226) announced that its major shareholder, Zijin Investment, plans to issue non-publicly offered exchangeable bonds backed by a portion of its A-share holdings in the company, aiming to raise up to RMB 700 million [1] Group 1: Exchangeable Bonds - The proposed exchangeable bonds will have a term of no more than 5 years [1] - Holders of the exchangeable bonds will have the right to convert their bonds into A-shares of the company during the exchange period, subject to certain conditions [1] Group 2: Shareholding Structure - Zijin Investment and its concerted parties, including Zijin Mining (601899) and Zijinan (Xiamen) Investment Partnership, collectively hold 562 million shares of the company, accounting for 21.23% of the total share capital [1] - The issuance of these exchangeable bonds will not result in a change of the company's controlling shareholder or actual controller [1]