Core Viewpoint - The legal opinion letter issued by Beijing King & Wood Mallesons (Chengdu) Law Firm confirms the compliance of Guoke Tianceng Technology Co., Ltd. with the regulations for issuing convertible bonds to unspecified objects, detailing the necessary legal frameworks and procedures involved in the issuance [1][2][4]. Group 1: Legal Framework and Compliance - The law firm conducted its analysis based on various Chinese laws and regulations, including the Securities Law and Company Law, ensuring adherence to the legal standards required for the issuance of convertible bonds [2][3]. - The firm verified the authenticity and completeness of the documents provided by the issuer, ensuring that all materials were accurate and legally compliant [2][3]. Group 2: Issuance Details - The total amount of the convertible bonds to be issued is capped at RMB 880 million, with each bond having a face value of RMB 100 [12][13]. - The bonds will have a maturity period of six years, with interest paid annually, and the specific interest rate will be determined based on market conditions and company performance [13][14]. - The conversion period for the bonds will commence six months after issuance and will last until the maturity date [14][17]. Group 3: Conversion and Redemption Terms - The initial conversion price will be set based on the average trading price of the company's A-shares over the twenty trading days prior to the announcement, with provisions for adjustments in case of stock changes [15][16]. - The company reserves the right to redeem the bonds at face value plus accrued interest under certain conditions, such as when the stock price exceeds 130% of the conversion price for a specified period [19][19]. - Holders of the convertible bonds have the right to sell back their bonds to the company if the stock price falls below 70% of the conversion price during the last two interest years [19].
国科天成: 4-1 法律意见书