贵州燃气集团股份有限公司 公开发行可转换公司债券 第一次临时受托管理事务报告

Core Viewpoint - Guizhou Gas Group Co., Ltd. has issued convertible bonds totaling RMB 100 million, with significant details regarding the bond's terms, conditions, and management outlined in the report [2][3][4]. Group 1: Bond Issuance Details - The convertible bonds were approved by the board on June 15, 2020, and subsequently by the shareholders on July 1, 2020 [2]. - The total amount raised from the bond issuance is RMB 100 million, with net proceeds of RMB 99.24 million after deducting underwriting fees [3]. - The bonds were listed for trading on the Shanghai Stock Exchange on January 18, 2022 [4]. Group 2: Bond Characteristics - The bonds are convertible into A-shares, with a total issuance of 1 million units, each with a face value of RMB 100 [5]. - The bond has a six-year term, from December 27, 2021, to December 26, 2027 [6]. - The interest rates for the bonds are structured to increase over the term, starting at 0.30% in the first year and reaching 2.00% by the sixth year [7]. Group 3: Conversion and Redemption Terms - The conversion period for the bonds is from July 1, 2022, to December 26, 2027 [12]. - The initial conversion price is set at RMB 10.17 per share, subject to adjustments based on various corporate actions [13]. - The company has the right to redeem the bonds at 110% of the face value within five trading days after maturity [26]. Group 4: Management Changes - Recent changes in the board of directors include the resignation of two members and the election of two new directors, which aligns with the company's governance needs [34][35]. - The new directors bring diverse backgrounds in law and investment management, which may enhance the company's strategic direction [35][36]. Group 5: Impact Analysis - The personnel changes are deemed normal and are not expected to adversely affect the company's operations or debt repayment capabilities [37]. - The bond trustee, Hongta Securities, will continue to monitor the company's compliance with bond obligations and other significant matters affecting bondholders [37].