CFT(SH:603685) Zheng Quan Zhi Xing·2025-07-15 09:15Group 1 - The company Zhejiang Chenfeng Technology Co., Ltd. issued convertible bonds totaling 415 million yuan, approved by the China Securities Regulatory Commission [2][15] - The bonds were issued on August 23, 2021, with a face value of 100 yuan per bond, and began trading on the Shanghai Stock Exchange on September 17, 2021 [2][4] - The initial conversion price for the bonds is set at 13.06 yuan per share, which is based on the average trading price of the company's stock prior to the announcement [4][5] Group 2 - The bonds have a fixed annual interest rate of 2.5% for the first five years and 3.0% for the sixth year, with interest paid annually [3][8] - The company has the right to redeem the bonds at 115% of the face value plus the last year's interest within five trading days after the bond matures [8][9] - Holders of the convertible bonds can convert their bonds into shares during the conversion period, which starts six months after the issuance [4][6] Group 3 - The company has implemented a pledge guarantee for the bonds, with shares held by a major shareholder as collateral [14] - The company has received a credit rating of A for both the issuer and the bonds, with a stable outlook [15][16] - The company plans to use the raised funds for various projects, including the construction of production lines and upgrading technology [13][19] Group 4 - The company has undergone a board member change, with a non-independent director resigning and a new director being appointed, which does not affect the company's operations [17][18] - The company has approved an increase in the guarantee limit for its subsidiaries, totaling 95.6 million yuan, to support their financing needs [18][19] - The company has provided guarantees totaling 86.76 million yuan, which is 73.98% of its latest audited net assets [20]