Zheng Quan Zhi Xing·2025-08-29 17:25Group 1 - The company, Shanghai Kaizhong Materials Technology Co., Ltd., is issuing convertible bonds to unspecified investors, with a total face value of RMB 100.00 per bond and a maturity period of six years from August 15, 2025, to August 14, 2031 [2][3][4] - The coupon rates for the bonds are set at 0.20% for the first year, 0.40% for the second year, 0.60% for the third year, and 1.00% for the fourth year, with annual interest payments [3][4][5] - The initial conversion price for the bonds is set at RMB 12.70 per share, which will be adjusted based on specific corporate actions such as stock dividends or capital increases [5][6][7] Group 2 - The bondholders have the right to convert their bonds into shares starting from February 23, 2026, until the maturity date [4][5] - The company has provisions for redeeming the bonds at 110% of the face value plus the last year's interest within five trading days after maturity, and can also redeem the bonds under certain conditions during the conversion period [9][10] - The company will not provide any guarantees for the bonds, and the credit rating for the bonds is AA- with a stable outlook [14][15] Group 3 - The company has made changes to its corporate governance structure by abolishing the supervisory board, with the responsibilities being transferred to the audit committee of the board of directors [16][17] - These changes are in compliance with the new Company Law and are not expected to adversely affect the safety of the bondholders' principal and interest or the company's debt repayment capacity [16][17]