Youngsun Intelligent(SH:603901) Zheng Quan Zhi Xing·2025-09-01 10:19Core Points - The company, Hangzhou Yongchuang Intelligent Equipment Co., Ltd., is issuing convertible bonds with a total duration of 6 years from August 4, 2022, to August 3, 2028 [2][3] - The coupon rates for the bonds are structured to increase over the years, starting from 0.30% in the first year to 2.50% in the sixth year [3][5] - The initial conversion price for the bonds is set at 14.07 CNY per share, with the current conversion price adjusted to 9.69 CNY per share [5][6] Bond Details - The bonds are named "Yong 02 Convertible Bonds" and are managed by Guotai Junan Securities [4][6] - The bonds will pay interest annually, with the first interest payment occurring one year after the issuance date [5][6] - The bondholders will not receive interest for the current and future interest periods if they convert their bonds into shares before the interest payment date [5][6] Accounting Firm Change - The company has changed its accounting firm to Zhonghui Certified Public Accountants, effective from September 1, 2025, after a thorough review process [6][11] - Zhonghui CPA has a strong track record, with 694 registered accountants and a significant revenue from audit services [7][9] - The decision to change the accounting firm was made to enhance the independence and objectivity of the audit process [9][11] Cancellation of Supervisory Board - The company has decided to abolish its supervisory board, transferring its responsibilities to the audit committee of the board of directors [11][12] - This change aligns with the latest legal requirements and aims to improve corporate governance [11][12] - The cancellation of the supervisory board is not expected to adversely affect the company's daily operations or debt repayment capabilities [11][12]