TJSMW(SH:600577) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-07-31 23:18Group 1 - The company held its ninth board meeting on July 31, 2025, to discuss the issuance of convertible bonds [2][4][5] - The board approved several proposals related to the issuance of convertible bonds, including the revised plan and feasibility analysis [6][10][12] - The total amount to be raised through the issuance of convertible bonds has been adjusted from RMB 112,622 million to RMB 95,600 million [19][20] Group 2 - The funds raised will be used for projects including a 40,000-ton new energy copper-based electromagnetic wire project and a new energy vehicle flat wire industrialization project [31][33] - The company has a strong market position in the special electromagnetic wire industry, with a history of over 30 years and a leading role in domestic production [32][36] - The company has established a robust technical and sales team, ensuring the successful implementation of the fundraising projects [35][36] Group 3 - The company plans to implement measures to mitigate the dilution of immediate returns for shareholders, including maintaining business growth and enhancing profitability [37][38] - A rigorous management system for the raised funds will be established to ensure their effective and compliant use [39] - The company has committed to improving its governance structure to support sustainable development and protect shareholder rights [40][41]