YTL(SZ:000960) Zheng Quan Zhi Xing·2025-07-04 16:22Core Viewpoint - Yunnan Tin Company plans to issue a second phase of technology innovation perpetual bonds aimed at professional investors, with a focus on enhancing investor confidence and maintaining shareholder interests through a share buyback program [1][11]. Group 1: Bond Issuance Details - The bond code is 148747.SZ, and it is referred to as "24锡KY02" [1]. - The bond has a coupon rate of 2.78%, with the company having the option to defer interest payments and extend the bond term by one cycle (3 years) at the end of each period [1][3]. - Interest payments will be made annually on May 28 from 2025 to 2027 [3]. Group 2: Share Buyback Program - The company intends to use its own funds to repurchase part of its A-shares, which will be fully canceled to reduce registered capital [1][11]. - The buyback price will not exceed 21.19 RMB per share, with a total buyback amount between 100 million RMB and 200 million RMB [11]. - The estimated number of shares to be repurchased is approximately 4,719,207, accounting for about 0.57% of the total share capital [11]. Group 3: Meeting Details - The bondholders' meeting is scheduled to take place from July 8 to July 14, 2025, with voting allowed during this period [4][6]. - The meeting will be conducted online, and no registration is required for attendees [6][5]. - The main agenda item is to discuss a proposal not to require the company to repay debts early or provide additional guarantees [5][12].