Zheng Quan Zhi Xing·2025-07-21 16:33Core Viewpoint - China General Nuclear Power Corporation (CGN) is issuing convertible bonds to replace self-raised funds previously invested in projects and to cover issuance costs, with a total fundraising amount of RMB 490 million [7][10]. Group 1: Company Responsibilities - The company is responsible for preparing the special explanation regarding the replacement of self-raised funds with the proceeds from the convertible bonds, ensuring the information is true, accurate, and complete [2][11]. - The preparation of the special explanation is in accordance with the regulations set by the China Securities Regulatory Commission (CSRC) and the Shenzhen Stock Exchange [8][11]. Group 2: Fundraising Details - The company plans to issue 49 million convertible bonds with a face value of RMB 100 each, resulting in a total fundraising amount of RMB 490 million, after deducting issuance costs of RMB 2.1581 million [7][10]. - The net amount raised after costs is RMB 489.78419 million, which has been deposited into a designated account [7][10]. Group 3: Use of Proceeds - The net proceeds from the bond issuance will be used for specific investment projects as outlined in the fundraising plan [9][10]. - Prior to the bond proceeds being available, the company has already invested RMB 972.43963 million of its own funds into the projects from June 22, 2024, to July 14, 2025, with RMB 489.78419 million planned for replacement [10]. Group 4: Issuance Costs - The company has incurred issuance costs totaling RMB 0.2968 million, with a net amount of RMB 0.2685 million planned for replacement using the bond proceeds [10]. - The breakdown of issuance costs includes underwriting fees, legal fees, audit fees, and other related expenses [10]. Group 5: Verification and Conclusion - KPMG Huazhen LLP has conducted a verification of the fundraising and issued a report confirming that the special explanation reflects the situation accurately as of July 14, 2025 [6][11]. - The company asserts that the information disclosed complies with the relevant regulations and accurately reflects the use of self-raised funds [11].