YCXN(SZ:300080) Zheng Quan Zhi Xing·2025-08-25 17:26Core Viewpoint - The company, Henan Yicheng New Energy Co., Ltd., plans to issue non-public technology innovation renewable corporate bonds with a total scale not exceeding RMB 1.5 billion, pending approval from the upcoming shareholders' meeting [1][2][6]. Group 1: Bond Issuance Details - The bond issuance will be targeted at professional investors and will be conducted in a non-public manner [2][4]. - The total issuance scale is capped at RMB 1.5 billion, with the specific amount to be determined based on the company's funding needs and market conditions [2][3]. - The bonds will have a basic term of up to 5 years, with an option for renewal at the end of each term [2][3]. Group 2: Financial Terms - The bonds will be issued at a face value of RMB 100 and will be sold at par [3]. - A fixed interest rate will be applied, with annual interest payments unless the company opts for interest deferral [3][4]. - The initial interest rate will be determined through a book-building process with professional investors [3][4]. Group 3: Use of Proceeds - Proceeds from the bond issuance will be allocated for technology innovation-related R&D, acquisition of intellectual property, and other related projects [5][6]. - Funds may also be used to repay existing debts and supplement working capital [5][6]. Group 4: Approval and Authorization - The bond issuance plan has been approved by the company's board and will be submitted for further approval at the upcoming shareholders' meeting [6][7]. - The board will be authorized to handle all matters related to the bond issuance, including adjustments to the issuance terms based on regulatory and market conditions [6][7].