HZIS(SH:600126) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-11-11 05:04Core Viewpoint - Hangzhou Iron and Steel Co., Ltd. (the "Company") announced that its controlling shareholder, Hangzhou Iron and Steel Group Co., Ltd. (the "Group"), plans to issue non-publicly offered exchangeable bonds backed by its A-share stock holdings, having received a no-objection letter from the Shanghai Stock Exchange [1][2]. Group 1 - The Group directly holds 1,527,508,156 A-shares, accounting for approximately 45.23% of the Company's total issued share capital [2]. - The proposed exchangeable bonds will have a term of 3 years and aim to raise no more than RMB 1 billion (including 1 billion) [2]. - Holders of the exchangeable bonds will have the right to exchange their bonds for the Company's A-shares during the exchange period, subject to certain conditions [2]. Group 2 - The issuance of the exchangeable bonds has received a no-objection letter from the Shanghai Stock Exchange, which is valid for 12 months [2]. - The Group will choose the timing for the bond issuance based on its financial arrangements and market conditions within the validity period of the no-objection letter [2]. - The Company and the Group will fulfill their information disclosure obligations regarding the bond issuance and subsequent developments as required by regulations [2].