Zheng Quan Zhi Xing·2025-07-09 04:10Group 1 - The company, Zhengyuan Wisdom, has issued convertible bonds totaling RMB 35,073 million, with a net amount of RMB 34,227.42 million after deducting issuance costs [22][23]. - The convertible bonds are set to mature in six years, with an annual interest rate starting at 0.20% in the first year and increasing to 0.40% in the second year [4][6]. - The initial conversion price for the bonds is set at RMB 32.85 per share, which is based on the average trading price of the company's stock prior to the announcement [7][8]. Group 2 - The funds raised will primarily be used for the "Integrated Cloud Platform Project for Basic Education Management and Services," with a total investment of RMB 44,673 million [22][24]. - The project aims to enhance educational services through technology, including IoT and AI applications, to provide comprehensive management solutions for schools [25][27]. - Due to market changes, the project timeline has been extended to December 25, 2026, to ensure better implementation and alignment with company interests [24][25]. Group 3 - The company plans to redirect some of the raised funds to a new project focused on "Integrated Platform for University Operations and Services," which aligns with its strategic goals [28][29]. - The market for university services is expanding, with a steady increase in the number of universities and students, indicating a growing demand for operational support [28][29]. - The subsidiary, Nipton Technology, will manage this new project, leveraging its expertise in campus services and established client relationships [29][30].