Zheng Quan Zhi Xing·2025-07-25 16:14Core Viewpoint - Jiangsu Apac Lightweight Alloy Technology Co., Ltd. has issued convertible bonds totaling RMB 1,159 million, with a focus on funding projects related to automotive and aerospace components [3][12]. Group 1: Bond Issuance Details - The total amount of the convertible bonds issued is RMB 115,900,000, with 11,590,000 bonds at a face value of RMB 100 each [3][5]. - The net amount raised after deducting underwriting and other issuance costs is RMB 1,150,674,168.81 [3]. - The bonds have a maturity period of six years, from March 9, 2023, to March 8, 2029 [4]. Group 2: Interest and Payment Terms - The coupon rates for the bonds are structured as follows: 0.30% for the first year, 0.50% for the second year, 1.00% for the third year, 1.50% for the fourth year, 1.80% for the fifth year, and 2.00% for the sixth year [5]. - Interest payments will be made annually, and the principal will be repaid at maturity [5]. Group 3: Conversion and Redemption Terms - The initial conversion price is set at RMB 6.46 per share, subject to adjustments based on corporate actions such as stock dividends and capital increases [6][14]. - The conversion period starts six months after the issuance and lasts until the maturity date [6]. - The company has the right to redeem the bonds at 112% of the face value plus the last interest payment if certain conditions are met [9]. Group 4: Use of Proceeds - The funds raised will be allocated to several projects, including the production of high-strength aluminum components for new energy vehicles and high-performance aluminum profiles for automotive applications, with total investments of RMB 148 million [12][23]. - Specific projects include a production capacity of 200,000 sets of automotive components and 1,200 million lightweight aluminum parts [12]. Group 5: Corporate Governance and Compliance - The issuance and management of the bonds comply with relevant regulations and have been approved by the company's board and shareholders [2][3]. - The company has established a clear framework for adjusting the conversion price in response to changes in share capital and other corporate actions [13][14].