Hainan Jinpan Smart Technology (SH:688676) Shang Hai Zheng Quan Bao·2025-12-22 18:37Group 1 - The company, Hainan Jinpan Intelligent Technology Co., Ltd., is issuing convertible bonds totaling RMB 167,150 million, with each bond having a face value of RMB 100, resulting in a total of 1,671,500 hands (16,715,000 bonds) [20][25] - The bonds will be offered to existing shareholders on a priority basis, with the remaining bonds available to the public through online subscription [20][53] - The priority subscription for existing shareholders will occur on December 25, 2025, with the record date set for December 24, 2025 [51][62] Group 2 - The initial conversion price for the bonds is set at RMB 89.28 per share, which is based on the average trading price of the company's stock prior to the announcement [29] - The bonds have a maturity period of six years, from December 25, 2025, to December 24, 2031, with annual interest rates increasing from 0.10% in the first year to 2.00% in the sixth year [26][27] - The bonds will not have a holding period restriction, allowing investors to trade them on the first day of listing [22][55] Group 3 - The company has appointed Zheshang Securities Co., Ltd. as the lead underwriter for this bond issuance [20][16] - The bonds will be issued without any guarantees, and the company will manage the funds raised according to the commitments outlined in the prospectus [50][42] - The company will announce the results of the online subscription and priority placement on December 26, 2025 [8][26]