Core Viewpoint - The company plans to issue 4.87 million convertible bonds in 2025, raising a total of 487 million yuan for a lithium battery materials project and working capital [1] Group 1: Convertible Bond Issuance - The company will issue 4.87 million convertible bonds to unspecified investors, with a total fundraising amount of 487 million yuan [1] - The funds will be allocated to the "annual production of 30,000 tons of spinel-type lithium manganese oxide battery materials project" and to "supplement working capital" [1] Group 2: Shareholder Participation - The controlling shareholder, Electric Chemical Group, subscribed to 1,438,339 bonds, accounting for 29.53% of the total [1] - The indirect controlling shareholder, Zhenxiang Guotou, subscribed to 617,993 bonds, accounting for 12.69% of the total [1] Group 3: Shareholder Reduction - In 2026, Electric Chemical Group reduced its holdings by 208,339 bonds, representing 4.28% of the total [1] - Zhenxiang Guotou reduced its holdings by 617,993 bonds, maintaining its 12.69% stake until the reduction [1] - After these reductions, both shareholders no longer hold any convertible bonds, and the reductions do not negatively impact the company's debt repayment or operations [1]
湘潭电化:控股股东及间接控股股东减持“电化转债”