Gian(SZ:300709) Zheng Quan Zhi Xing·2025-08-01 16:35Core Viewpoint - Jiangsu Jingyan Technology Co., Ltd. plans to issue convertible bonds to unspecified investors, aiming to raise a total of up to RMB 577.89 million for investment in precision MIM components and assemblies for new consumer electronics and data servers [2][16]. Group 1: Issuance Overview - The type of securities to be issued is convertible bonds that can be converted into the company's A-shares, which will be listed on the Shenzhen Stock Exchange's Growth Enterprise Market [2]. - The bonds will have a face value of RMB 100 each and will be issued at face value [3]. - The term of the bonds will be six years from the date of issuance [3]. Group 2: Financial Details - The total amount to be raised from the issuance is capped at RMB 577.89 million, which includes the principal amount [2][16]. - The interest rate for the bonds will be determined by the board of directors based on national policies, market conditions, and the company's specific situation [3]. - The bonds will pay interest annually and will repay the principal in a lump sum at maturity [3][4]. Group 3: Conversion and Redemption Terms - The conversion period for the bonds will start six months after issuance and will last until the maturity date [5]. - The initial conversion price will not be lower than the average trading price of the company's stock over the 20 trading days prior to the announcement of the prospectus [5]. - The company reserves the right to redeem the bonds if the stock price exceeds 130% of the conversion price for at least 15 trading days within any 30-day period [10]. Group 4: Use of Proceeds - The proceeds from the bond issuance will be primarily used for the new consumer electronics and data server precision MIM components and assemblies production project, with a total investment of RMB 588.42 million [16]. - If the actual funds raised are less than the planned amount, the company will use its own funds or other financing methods to cover the shortfall [16]. Group 5: Financial Performance - The company has undergone audits for its financial reports for the years 2022, 2023, and 2024, receiving unqualified opinions from the auditing firm [17]. - As of March 31, 2025, the company reported total assets of RMB 331.86 million, with current assets amounting to RMB 193.20 million [19].