Shengquan Group(SH:605589) Zheng Quan Zhi Xing·2025-08-18 16:30Group 1 - The company plans to issue convertible bonds to meet funding needs, enhance competitiveness, and improve profitability [1][2][29] - The convertible bonds will be convertible into the company's common stock and will be listed on the Shanghai Stock Exchange [1][2] - The issuance is authorized by the shareholders' meeting and will target a wide range of investors, including individuals and institutions [2][3][4] Group 2 - The company will prioritize existing shareholders in the bond issuance, allowing them to waive their rights [3][4] - The selection criteria for investors include risk awareness and financial capability, complying with relevant regulations [4][5] - The pricing of the bonds will be determined based on market conditions and company specifics, ensuring it meets legal requirements [5][8] Group 3 - The company has a solid organizational structure and has generated sufficient average distributable profits over the last three years to cover bond interest [9][12] - The total amount to be raised through the bond issuance will not exceed RMB 2.5 billion, and the funds will be used for projects aligned with national policies [9][10][18] - The company has maintained a reasonable asset-liability structure and normal cash flow, ensuring it can meet its debt obligations [12][13] Group 4 - The bond issuance plan has been carefully reviewed by the board and is expected to enhance the company's business scale and profitability [29][30] - Measures will be implemented to mitigate the dilution of existing shareholders' immediate returns, including improving project execution and governance [30][31] - The issuance is deemed fair and reasonable, aligning with the interests of all shareholders and complying with legal requirements [29][31]