First(SH:603806) Zheng Quan Zhi Xing·2025-06-27 16:31Group 1 - The company, Hangzhou Foster Applied Materials Co., Ltd., issued convertible bonds totaling RMB 3.03 billion, approved by the China Securities Regulatory Commission [1][6] - The bonds were issued on November 22, 2022, with a face value of RMB 100 each, and a maturity period of 6 years [1][6] - The initial conversion price for the bonds is set at RMB 65.07 per share, with provisions for adjustments based on corporate actions [2][4] Group 2 - The company reported a net profit attributable to shareholders of RMB 130.76 million for the year 2024, a decrease of 29.33% compared to the previous year [6] - Total assets as of December 31, 2024, amounted to RMB 2.12 billion, reflecting a 2.86% decrease from the beginning of the year [6] - The company's operating revenue for 2024 was RMB 1.91 billion, down 15.23% from 2023 [6] Group 3 - The funds raised from the convertible bonds are allocated for various projects, including a reduction in the scale of a photomask project and a shift in funding to new projects in Guangdong and Vietnam [4][6] - The company has established a dedicated account for managing the raised funds, ensuring compliance with regulatory requirements [4][6] - The bond trustee, Guotai Junan Securities Co., Ltd., has been monitoring the company's financial and operational status to protect bondholders' interests [5]