TZTEK(SH:688003) Shang Hai Zheng Quan Bao·2026-01-30 20:29Group 1 - The company has received approval from the China Securities Regulatory Commission to issue convertible bonds totaling RMB 872 million, with a net amount of RMB 862.28 million after deducting issuance costs [2][11] - The bonds have a six-year term and a face value of RMB 100 each, with a total issuance of 872,000 bonds [2][11] - The funds from the bond issuance are intended for temporary liquidity support, with a limit of RMB 20 million to be used within 12 months [3][4] Group 2 - A tripartite supervision agreement for the management of the raised funds has been signed between the company, Ningbo Bank Suzhou Branch, and Huatai United Securities [3][5] - The special account for the raised funds has been established, and as of January 22, 2026, the account balance was zero, indicating no funds have been withdrawn yet [5][6] - The agreement stipulates that the funds can only be used for business-related operations and requires monthly reconciliation statements from the bank [5][6] Group 3 - The convertible bonds will be convertible into company shares starting from June 18, 2026, following a six-month period post-issuance [11][13] - Investors must meet the suitability requirements for trading on the Sci-Tech Innovation Board to convert their bonds into shares, otherwise, they will not be able to do so [11][12] - The company has provided detailed information regarding the bond issuance in its prospectus available on the Shanghai Stock Exchange website [14]