CFMOTO(SH:603129) Zhong Guo Jing Ji Wang·2025-11-20 06:52Core Viewpoint - The company, Spring Wind Power (603129.SH), has received approval from the Shanghai Stock Exchange's listing review committee for its application to issue convertible bonds to unspecified investors, pending final approval from the China Securities Regulatory Commission (CSRC) [1] Group 1: Convertible Bond Issuance - The proposed issuance of convertible bonds is capped at RMB 217,876.32 million, with net proceeds intended for various projects including the production of 3 million sets of motorcycles and electric vehicles, marketing network construction, information system upgrades, and working capital supplementation [2][3] - The total investment for the projects is RMB 467,000.00 million, with specific allocations for each project: RMB 145,876.32 million for the motorcycle and electric vehicle production project, RMB 45,000.00 million for marketing, RMB 12,000.00 million for information upgrades, and RMB 15,000.00 million for working capital [3] Group 2: Credit Rating and Sponsorship - The credit rating agency, Zhongzheng Pengyuan, has assigned an AA+ rating to the company and the convertible bonds, with a stable outlook [3] - The sponsoring institution for this bond issuance is Huatai United Securities Co., Ltd., with representatives Yang Junhao and Wang Yi overseeing the process [3]