Zheng Quan Zhi Xing·2025-07-17 16:20Core Viewpoint - Nanjing Julong Technology Co., Ltd. has issued convertible bonds to unspecified investors, raising a total of RMB 218.5 million, with the bonds set to trade on the Shenzhen Stock Exchange starting August 17, 2023 [3][4][18] Group 1: Issuance Details - The company issued 2,185,000 convertible bonds at a face value of RMB 100 each, with a total issuance amount of RMB 21,850 million [3][4] - The bonds have a maturity period of six years, from July 26, 2023, to July 25, 2029, with an annual interest rate that increases progressively from 0.3% in the first year to 3.0% in the sixth year [4][5] - The net proceeds from the bond issuance, after deducting issuance costs of RMB 6,745,683.94, will be used for specific projects, including the construction of production lines for special engineering plastics and carbon fiber composite materials [15][16] Group 2: Bond Terms and Conditions - The initial conversion price for the bonds is set at RMB 18.27 per share, which will be adjusted to RMB 18.02 per share following the company's 2024 annual equity distribution [6][18] - The bondholders will receive interest annually, and the interest calculation is based on the bond's face value and the applicable interest rate for that year [5][10] - The company has outlined conditions under which the conversion price may be adjusted, including stock dividends and capital increases [7][8] Group 3: Rights and Obligations of Bondholders - Bondholders have the right to receive interest, convert their bonds into shares, and exercise a buyback option under certain conditions [13][14] - The company is obligated to adhere to the terms outlined in the bond issuance documents and to ensure timely payment of interest and principal [14] - In the event of significant changes to the use of raised funds, bondholders may have the right to sell their bonds back to the company [12][15]