SINYUAN ZM(SZ:301398) Shang Hai Zheng Quan Bao·2025-11-04 18:52Group 1 - The company, Ningbo Xingyuan Zhuomai Technology Co., Ltd., is issuing convertible bonds totaling RMB 450 million [3][36] - The bonds will be convertible into A-shares and will be listed on the Shenzhen Stock Exchange [2][36] - The issuance includes 4.5 million bonds with a face value of RMB 100 each [4][5] Group 2 - The bonds have a maturity period of 6 years, from November 7, 2025, to November 6, 2031 [7][36] - The coupon rates are structured to increase over the years, starting at 0.20% in the first year and reaching 2.50% in the sixth year [7][36] - Interest will be paid annually, with the first payment occurring five trading days after the annual interest record date [9][36] Group 3 - The initial conversion price is set at RMB 52.30 per share [14][36] - The conversion period begins six months after the issuance and lasts until the maturity date [10][36] - The bonds are rated A+ by Zhongzheng Pengyuan Credit Rating Co., Ltd. [11][12] Group 4 - The bonds will be offered first to existing shareholders, with any remaining bonds available to the public [29][36] - The subscription date for existing shareholders is November 7, 2025 [26][36] - The public can subscribe through the Shenzhen Stock Exchange after the priority offering [29][36] Group 5 - The company will redeem the bonds at 114% of the face value plus the last interest payment within five trading days after maturity [20][36] - Conditional redemption can occur if the stock price exceeds 130% of the conversion price for a specified period or if the remaining bonds are below RMB 30 million [22][36] - Holders have the right to sell back the bonds under certain conditions if the stock price falls below 70% of the conversion price during the last two interest years [23][36]