Carthane(SH:603037) Zheng Quan Zhi Xing·2025-08-12 13:14Group 1 - The company held its 24th meeting of the 4th Supervisory Board on August 12, 2025, with all three supervisors present [1] - The Supervisory Board approved the proposal for issuing convertible bonds to unspecified objects, with a total fundraising amount of RMB 308.447 million, issuing 308,447 lots (3,084,470 bonds) [2][8] - The convertible bonds will have a face value of RMB 100.00 each and a term of 6 years, from August 15, 2025, to August 14, 2031 [2][3] Group 2 - The annual interest rates for the convertible bonds are set at 0.20% for the first year, increasing to 1.80% by the sixth year, with interest paid annually [2][3] - The initial conversion price for the bonds is set at RMB 12.70 per share, based on the average trading price of the company's A shares [5] - The company will redeem any unconverted bonds at 110% of the face value plus the last interest payment within 5 trading days after maturity [5][6] Group 3 - The company will establish a special account for the funds raised from the convertible bond issuance and sign a fund supervision agreement [8][9] - The company plans to cancel the Supervisory Board and amend its Articles of Association accordingly, transferring the supervisory responsibilities to the Audit Committee of the Board [9][10] - The proposal to cancel the Supervisory Board requires approval from the company's shareholders' meeting to take effect [9]