Gian(SZ:300709) Zheng Quan Zhi Xing·2025-08-01 16:35Core Viewpoint - The company plans to issue convertible bonds to unspecified investors, with a total amount not exceeding RMB 577.89 million, to support its financial needs and investment projects [2][19][20]. Meeting and Approval - The supervisory board held a meeting to review the proposal for issuing convertible bonds, with all members voting in favor (3 votes for, 0 against, 0 abstentions) [1][2][3]. - The proposal will be submitted to the shareholders' meeting for further approval [1][19]. Bond Issuance Details - The type of securities to be issued is convertible bonds that can be converted into the company's A-shares [1][2]. - The total amount of funds raised from the bond issuance will not exceed RMB 577.89 million, including the principal [2][17]. - Each bond will have a face value of RMB 100 and will be issued at face value [2][3]. - The bonds will have a term of six years from the date of issuance [2][3]. Interest and Repayment - The interest on the bonds will be calculated annually, with the principal repaid in full at maturity [3][4]. - The interest rate will be determined by the board based on market conditions and company specifics prior to issuance [2][3]. Conversion and Pricing - The conversion period for the bonds will start six months after issuance and end on the maturity date [3][5]. - The initial conversion price will be set based on the average trading price of the company's shares prior to the announcement [5][6]. - There are provisions for adjusting the conversion price in case of stock dividends, capital increases, or other corporate actions [5][6][7]. Redemption and Buyback - The company has the right to redeem the bonds at face value plus accrued interest under certain conditions, such as if the stock price exceeds 130% of the conversion price for a specified period [9][10]. - Bondholders 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 [10][11]. Fund Utilization - The raised funds will be allocated to specific projects, including the production of MIM components, with a total investment of RMB 588.42 million [17][18]. - The company will manage the funds in a dedicated account and may use its own funds for project implementation before the bond proceeds are available [17][18]. Governance and Compliance - The company will ensure compliance with relevant laws and regulations throughout the bond issuance process [19][20]. - The supervisory board has approved the necessary governance adjustments to facilitate the bond issuance [30][31].