TJSMW(SH:600577) Zheng Quan Zhi Xing·2025-06-25 16:15Core Viewpoint - The company, Tongling Jingda Special Electromagnetic Wire Co., Ltd., is planning to issue convertible bonds to unspecified investors, which requires legal opinions to ensure compliance with relevant laws and regulations [1][2][3]. Group 1: Issuance Details - The company has obtained necessary internal approvals for the issuance of convertible bonds, including various resolutions related to the issuance plan and the use of raised funds [6][7][8]. - The total amount to be raised from the issuance is not exceeding 1.12622 billion yuan, which will be used for several projects including a 40,000-ton new energy copper-based electromagnetic wire project and an 80,000-ton new energy copper material project [12][16]. Group 2: Legal Compliance - The issuance complies with the Company Law and Securities Law, with the company having a sound organizational structure and fulfilling its obligations [10][11][14]. - The company has confirmed that the raised funds will not be used for loss compensation or non-productive expenditures, adhering to national industrial policies [16][17]. Group 3: Company Background - The company is a legally established joint-stock limited company with its shares publicly traded on the Shanghai Stock Exchange since September 11, 2002 [10][19]. - The company has maintained continuous profitability over the past three years, indicating a stable operational status [25]. Group 4: Shareholder Structure - As of the reporting period, the major shareholders include Huazhong Insurance and Qiao Xiaohui, with no single shareholder holding more than 50% of the shares, ensuring no dominant control [22][23]. - The actual controller, Li Guangrong, holds a total of 9.28% of the shares through various entities, maintaining a diversified ownership structure [22][24]. Group 5: Independence and Operations - The company operates independently from its major shareholders and has a complete production and sales system, ensuring operational autonomy [19][20]. - The company has not faced any significant legal or regulatory issues, and its business activities align with national industrial policies [25].