Meeting Overview - The second meeting of the board of directors of Jiangsu Weidao Nano Technology Co., Ltd. was held on August 1, 2025, with all six directors present, ensuring compliance with relevant laws and regulations [1][2]. Key Resolutions - The board approved the proposal for issuing convertible bonds to unspecified objects, having received approval from the China Securities Regulatory Commission [1][3]. - The total amount of the proposed convertible bonds is RMB 1,170 million, with an issuance of 1,170,000 hands (11,700,000 pieces) [3][12]. - Each bond will have a face value of RMB 100 and will be issued at par [3][12]. - The bonds will have a term of six years, from August 6, 2025, to August 5, 2031 [3][12]. - The coupon rates are set at 0.20% for the first year, 0.40% for the second year, and will be determined for subsequent years [3][12]. Bond Conversion and Interest Payment - The bonds will pay interest annually, with the first payment occurring five trading days after the interest payment date [4][5]. - The initial conversion price is set at RMB 33.57 per share, based on the average trading price of the company's stock over the previous twenty trading days [6][12]. - The conversion period will start six months after the issuance and last until the bond maturity date [5][9]. Redemption and Buyback Provisions - Upon maturity, the company will redeem the bonds at face value plus any accrued interest [10][11]. - The company has the right to redeem the bonds if the stock price exceeds 130% of the conversion price for a specified period or if the unconverted bond balance is below RMB 30 million [10][11]. Shareholder Rights and Fund Management - Shareholders will have the right to participate in the bond issuance, with priority given to existing shareholders on the registration date [13][14]. - The company will establish a special account for the funds raised from the bond issuance and will sign a fund supervision agreement [16][17]. - The company’s credit rating for the bonds is AA, as assessed by a credit rating agency [12][19]. Capital Changes - The company’s registered capital will increase from RMB 457,678,129 to RMB 461,157,283 following the completion of a stock incentive plan [18][19].
微导纳米: 江苏微导纳米科技股份有限公司第二届董事会第二十四次会议决议公告