JTGROUP(SH:601609) Shang Hai Zheng Quan Bao·2025-09-24 21:00Group 1 - The company, Ningbo Jintian Copper Industry (Group) Co., Ltd., has been approved to issue convertible bonds totaling RMB 1,450,000,000 with a maturity of 6 years [2] - The net amount raised after deducting underwriting and other issuance costs is RMB 1,445,120,283.03, which was fully received by August 3, 2023 [2] - As of June 30, 2025, the company has invested a total of RMB 790,234,360.12 in the projects funded by the raised capital, with a remaining balance of RMB 655,941,895.75 [3] Group 2 - The company has signed a tripartite regulatory agreement for the storage of raised funds, involving the company, the bank, and the sponsor, Dongfang Securities [5][6] - A new special account for the raised funds has been opened at Bank of China, Ningbo Jiangbei Branch, specifically for the "450 copper alloy strip production line renovation and upgrade project" [5] - The company has also established a four-party regulatory agreement for another project involving its subsidiary, Ningbo Jintian High-Conductivity New Materials Co., Ltd. [6][10] Group 3 - The tripartite regulatory agreement stipulates that the special account can only be used for the designated projects and requires monthly account statements to be provided to the company and the sponsor [8][9] - The agreement includes provisions for the sponsor to supervise the use of funds and mandates that any withdrawals exceeding RMB 50 million must be reported [8][11] - The four-party agreement mirrors the tripartite agreement, ensuring that funds for the "annual production of 10,000 tons of ultra-fine copper conductors" project are also properly managed [10][12]