Core Viewpoint - The report outlines the issuance of convertible bonds by Ningxia Xiaoming Agricultural and Animal Husbandry Co., Ltd., detailing the bond's approval, issuance amount, and management of bondholder rights [3][4][19]. Group 1: Bond Issuance Details - The company has been approved by the China Securities Regulatory Commission to issue convertible bonds totaling RMB 329 million, with a face value of RMB 100 per bond [3][4]. - The bonds are to be issued to unspecified investors, with the funds intended for the company's main business investment projects [5][6][19]. - The initial conversion price for the bonds is set at RMB 19.43 per share, based on the average trading price of the company's stock prior to the announcement [7][19]. Group 2: Bondholder Rights and Management - The bondholders will receive annual interest payments, with the first payment occurring within five trading days after the interest record date [5][11]. - The bond includes provisions for price adjustments based on corporate actions such as stock dividends or capital increases, ensuring fair treatment of bondholders [9][10][19]. - The bondholders have the right to sell their bonds back to the company under certain conditions, such as significant changes in the use of raised funds [12][19]. Group 3: Shareholder Changes - Significant shareholders, including Xiamen Chentou and its affiliates, have announced plans to reduce their holdings by up to 3% of the total share capital within three months [13][19]. - The election of a new employee representative director to the board has been completed, with no significant impact on the company's operations or debt repayment capabilities [17][19]. - The company has maintained normal operational status despite the changes in shareholder structure [19].
晓鸣股份: 宁夏晓鸣农牧股份有限公司向不特定对象发行可转换公司债券第六次临时受托管理事务报告（2025年度）