Libert(SH:605167) Zheng Quan Zhi Xing·2025-06-30 16:21Core Viewpoint - Jiangsu Libert INC. is issuing convertible bonds to unspecified investors, aiming to raise funds for its business expansion and enhance its market position [1][2]. Group 1: Bond Issuance Details - The company is issuing convertible bonds that have been rated AA by Zhongceng Pengyuan Credit Rating Co., Ltd., with a stable outlook [2]. - The bonds will not be secured, which may increase risk if significant negative events impact the company's operations and debt repayment ability [3]. Group 2: Profit Distribution Policy - The company has a proactive cash or stock dividend distribution policy, prioritizing cash dividends when conditions allow [3][4]. - Cash dividends will be distributed if the company has positive earnings and sufficient cash flow to meet operational needs, with a minimum of 10% of distributable profits allocated for cash dividends [3][6]. - In the last three years, the company distributed a total of 84.85 million yuan in cash dividends, representing 44.83% of the average annual distributable profits [10]. Group 3: Risk Factors - The company acknowledges potential risks related to macroeconomic fluctuations, operational performance declines, and procurement price volatility, which could adversely affect its financial stability [11][12][13]. - The company emphasizes the importance of effective management of its projects and resources to mitigate risks associated with order fulfillment and site resource allocation [12]. Group 4: Commitment to Shareholder Returns - The company commits to maintaining its dividend policy and ensuring reasonable returns to investors, particularly small shareholders, following the issuance of convertible bonds [15]. - Major shareholders and executives have pledged not to participate in the bond issuance if they have recently reduced their stock holdings, ensuring alignment with shareholder interests [16][18].