Leadmicro(SH:688147) Zheng Quan Zhi Xing·2025-08-03 16:18Meeting Overview - The second meeting of the second supervisory board of Jiangsu Weidao Nano Technology Co., Ltd. was held on August 1, 2025, with all three supervisors present, ensuring the legality and validity of the meeting [1][2]. Key Resolutions - The meeting approved the proposal for issuing convertible corporate 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]. - The bonds will have a face value of RMB 100 each and will be issued at par [3][12]. - The term of the bonds is 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]. Conversion and Redemption Terms - 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 [5][6]. - The conversion period will start six months after the issuance and last until the maturity date [5][9]. - 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 less than RMB 30 million [10][11]. Fund Management - The company will establish a special account for the funds raised from the bond issuance and sign a fund supervision agreement to ensure proper management and usage of the funds [15][16]. - The management team is authorized to handle all matters related to the issuance, including listing, trading, and interest payments [15][16]. Shareholder Rights - Shareholders will have priority in subscribing to the bonds based on their holdings as of the record date, with a maximum total of 1,170,000 hands available for priority subscription [13][14]. - The bonds will be listed on the Shanghai Stock Exchange after issuance [15][16].