SRBC(SH:600039) Zheng Quan Zhi Xing·2025-06-27 16:32Core Viewpoint - Sichuan Road and Bridge Construction Group Co., Ltd. announced that its controlling shareholder, Shudao Investment Group Co., Ltd., completed the issuance of exchangeable bonds amounting to RMB 2 billion, with a term of 3 years, and the exchange period will begin on July 3, 2025, and end on January 2, 2028 [1][2]. Group 1 - The actual issuance scale of the bonds is RMB 2 billion, and the bonds are referred to as "24 Shudao EB" with the code "137192" [1]. - The exchange period for the bonds will start 6 months after the issuance date, specifically from July 3, 2025, to January 2, 2028 [2]. - As of the announcement date, Shudao Group and its concerted parties hold 6,932,169,419 shares, accounting for 79.59% of the company's total issued share capital [2]. Group 2 - The exchange of bonds into shares may lead to a reduction in the shares held by Shudao Group, but it is estimated that even if all bondholders exchange their bonds for shares, Shudao Group will still remain the controlling shareholder [2]. - The bond exchange will not result in changes to the company's controlling shareholder or actual controller, nor will it significantly impact the company's governance structure or ongoing operations [2]. - The company will closely monitor the bond exchange situation and fulfill its information disclosure obligations in accordance with relevant regulatory requirements [2].