ORG Technology(SZ:002701) Zheng Quan Zhi Xing·2025-08-08 10:19Core Viewpoint - The company, Aorijin Technology Co., Ltd., plans to issue non-public exchangeable bonds to professional institutional investors, with a total issuance scale not exceeding RMB 1.25 billion, to support its development strategy and improve liquidity [1][2]. Group 1: Issuance Details - The bonds will be exchangeable for A-shares of Huangshan Yongxin Co., Ltd. (stock code: 002014.SZ) and will be issued at a face value of RMB 100 each [2]. - The issuance will be conducted non-publicly, with a maximum term of 3 years and a fixed interest rate to be determined based on market conditions [2][4]. - The bonds will be secured by a pledge of A-shares of Yongxin, ensuring the timely payment of principal and interest to bondholders [3]. Group 2: Fund Utilization - The funds raised will be used for repaying interest-bearing debts and supplementing working capital, with specific uses to be determined by the board of directors [4]. - A dedicated account will be established for the management of the raised funds, ensuring they are not misused [4]. Group 3: Governance and Authorization - The board of directors will seek authorization from the shareholders' meeting to manage all aspects of the bond issuance, including terms, scale, and other related matters [5][6]. - The decision-making process will include provisions for debt repayment guarantees and the establishment of a special working group to protect bondholders' interests [5].