Core Viewpoint - The company, Xiangtan Electric Chemical, is issuing convertible bonds to raise funds for its lithium battery material project and to supplement working capital, with a total issuance amount of RMB 487 million [3][12]. Group 1: Bond Issuance Details - The total amount of the convertible bonds issued is RMB 487 million, with 4,870,000 bonds at a face value of RMB 100 each [3][4]. - The bonds will have a term of 6 years, from June 16, 2025, to June 16, 2031, with an annual interest rate that increases from 0.20% in the first year to 2.00% in the sixth year [4][9]. - The bonds will be listed on the Shenzhen Stock Exchange, and the net proceeds after deducting issuance costs will be used for specific investment projects [3][12]. Group 2: Use of Proceeds - The funds raised will primarily be allocated to the annual production of 30,000 tons of spinel lithium manganese oxide battery materials, with a total investment of RMB 487 million [11][12]. - The company has established a management system for the use of raised funds, ensuring that the funds are deposited in a special account designated by the board of directors [12]. Group 3: Management Changes - The company has appointed Cheng Xijun as the new general manager, succeeding Long Shaofei, who has transitioned to a different role within the company [13][14]. - The new general manager has a background in various managerial positions within the company and does not hold any shares in the company [14]. Group 4: Corporate Governance - The company has revised its articles of association and related documents to align with recent legal and regulatory changes, including the restructuring of the supervisory board [15][18]. - The revisions aim to enhance corporate governance and clarify the roles and responsibilities of the board and management [15][19].

Group 1 - The company plans to raise a total of RMB 487 million through the issuance of convertible bonds, with a net amount of RMB 479.64 million after deducting issuance costs [1][2] - The raised funds will be used for the "Annual Production of 30,000 Tons of Spinel Lithium Manganese Oxide Battery Material Project" and to supplement working capital [1][2] - The company will increase capital in its subsidiary Guangxi Lijin New Materials Co., Ltd. and subsequently in its wholly-owned subsidiary Xiangtan Lijin New Materials Co., Ltd. to implement the investment project [3][4] Group 2 - The capital increase in Guangxi Lijin will amount to RMB 477.64 million, with RMB 477.63 million allocated to registered capital and the remainder to capital reserves [4][6] - After the capital increase, the registered capital of Xiangtan Lijin will rise from RMB 150 million to RMB 627.63 million [4][5] - The capital increase aims to ensure the smooth implementation of the investment project and improve Guangxi Lijin's asset-liability ratio and profitability [5][6] Group 3 - The company has followed necessary approval procedures, with the board and supervisory committee approving the capital increase, which does not constitute a related party transaction or a major asset restructuring [6][7] - The company has established special accounts for the raised funds and signed regulatory agreements to ensure proper management and usage of the funds [5][6]

Core Viewpoint - Wuhu Sanlian Forging Co., Ltd. plans to issue convertible bonds to raise up to RMB 650 million for various investment projects, including precision forging and lightweight automotive components [5][16]. Group 1: Issuance Overview - The company intends to issue convertible bonds that can be converted into company shares, with a total fundraising amount not exceeding RMB 650 million [5]. - The bonds will have a face value of RMB 100 each and a term of 6 years from the issuance date [5][7]. - The interest rate will be determined based on market conditions and company specifics, with annual interest payments [5][6]. Group 2: Financial Information - As of June 30, 2025, the company's total assets amounted to approximately RMB 2.62 billion, showing a significant increase from RMB 1.31 billion in 2022 [21][22]. - The company's total liabilities were approximately RMB 1.02 billion, with a notable rise in short-term borrowings to RMB 598 million [22]. - The total equity attributable to shareholders reached approximately RMB 1.60 billion, reflecting growth from RMB 642 million in 2022 [22]. Group 3: Fund Utilization - The net proceeds from the bond issuance will be allocated to projects such as precision machining for new energy vehicle components and the production of lightweight forged automotive parts [16][17]. - The company has previously used excess funds from prior fundraising for working capital, with a portion of these funds now redirected to ongoing projects [17][18].

Core Viewpoint - The company plans to issue convertible bonds to unspecified investors, which may dilute immediate returns for existing shareholders, and has proposed measures to mitigate this impact [1][2][3] Group 1: Financial Impact Analysis - The issuance of convertible bonds is expected to dilute immediate returns based on various assumptions regarding the conversion of bonds into shares by June 30, 2026, and December 31, 2026 [2][4] - If all bonds are converted by June 30, 2026, the total share capital will increase to 252,432,226 shares, while if none are converted, it will remain at 222,185,600 shares [2][4] - The company has provided projections for net profit per share under different growth scenarios (0%, 10%, and 20% increases) for 2025 and 2026, indicating potential impacts on earnings per share [3][5] Group 2: Fundraising and Project Allocation - The total amount to be raised from the bond issuance is capped at 79,000 million yuan, with a net amount of up to 65,000 million yuan after deducting issuance costs [8][10] - The funds will be allocated to projects related to the company's existing business, including precision forging and automotive lightweight components [10][11] Group 3: Measures to Mitigate Dilution - The company has committed to implementing specific measures to ensure effective use of the raised funds and to mitigate the dilution of immediate returns for shareholders [15][16] - A detailed management system for the raised funds has been established, ensuring compliance with relevant laws and regulations [16][17] Group 4: Commitment from Management - The company's board of directors and senior management have made commitments to ensure the fulfillment of measures aimed at compensating for the dilution of immediate returns [18] - The controlling shareholders and actual controllers have also pledged not to interfere with the company's management and to uphold the interests of shareholders [18]

Group 1 - The company, Wuhu Sanlian Forging Co., Ltd., has announced a plan to issue convertible bonds to unspecified investors, which was approved during the sixth meeting of the third board of directors held on August 26, 2025 [1] - The announcement regarding the issuance of convertible bonds does not imply any substantive judgment, confirmation, approval, or registration by the reviewing or registration authorities [1] - The effectiveness and completion of the bond issuance are subject to approval by the company's shareholders' meeting, review by the Shenzhen Stock Exchange, and registration approval by the China Securities Regulatory Commission [1] Group 2 - The company emphasizes the importance of investors being aware of investment risks associated with this bond issuance [1]

Core Viewpoint - Shenzhen Mingyang Circuit Technology Co., Ltd. reported a significant increase in revenue and net profit for the first half of 2025 compared to the same period in the previous year, indicating strong operational performance. Financial Performance - The company's operating revenue for the reporting period reached approximately 881.67 million yuan, representing a year-on-year increase of 13.11% from 779.48 million yuan [2]. - The net profit attributable to shareholders was approximately 41.51 million yuan, marking a substantial increase of 32.60% compared to 31.30 million yuan in the previous year [2]. - The net profit after deducting non-recurring gains and losses was not specified but is implied to have improved alongside overall profitability [2]. - The net cash flow from operating activities was approximately 78.05 million yuan, a decrease of 26.29% from 105.89 million yuan in the previous year [2]. - Basic and diluted earnings per share both increased to 0.12 yuan, up 20.00% from 0.10 yuan [2]. Asset and Equity Position - Total assets at the end of the reporting period were approximately 3.48 billion yuan, a slight increase of 0.56% from 3.46 billion yuan at the end of the previous year [3]. - The net assets attributable to shareholders were approximately 2.41 billion yuan, reflecting a marginal increase of 0.24% from 2.40 billion yuan [3]. Shareholder Information - The largest shareholder, Fengxian Runjiaxi Enterprise Management Co., Ltd., holds 47.64% of the shares, totaling 163.87 million shares [4]. - Other significant shareholders include Fengxian Shengjian Enterprise Management Co., Ltd. with 1.90% and Xinyu County Shenggaoying Venture Capital Co., Ltd. with 1.75% [4]. Debt and Financial Ratios - The company's debt-to-asset ratio was reported at 30.43%, a slight improvement from 30.65% in the previous year [6]. - The interest coverage ratio was reported at 15.47, indicating strong capacity to meet interest obligations [6]. Important Events - The company decided not to distribute cash dividends or issue bonus shares for the reporting period [2]. - The company has not experienced any changes in its controlling shareholder or actual controller during the reporting period [5].

Core Viewpoint - The company announces the last trading day for the "Hao Peng Convertible Bonds" and urges investors to convert their bonds before the deadline, as unconverted bonds will be forcibly redeemed at a price of 100.34 CNY per bond after the deadline [1][10]. Group 1: Convertible Bond Details - The "Hao Peng Convertible Bonds" were issued on December 22, 2023, with a total of 11 million bonds and a maturity of 6 years [2]. - The initial conversion price was set at 50.65 CNY per share, which has been adjusted to 50.22 CNY per share [3][5]. - The company has triggered the conditional redemption clause as the stock price has been above 130% of the conversion price for at least 15 trading days [7][10]. Group 2: Redemption Process - The redemption price is set at 100.34 CNY per bond, which includes accrued interest calculated based on a 0.50% coupon rate [10][11]. - The redemption will occur on August 29, 2025, and the bonds will be delisted from the Shenzhen Stock Exchange after the redemption [1][11]. - Bondholders are advised to lift any pledges or freezes on their bonds before the conversion deadline to avoid forced redemption [1]. Group 3: Shareholder Transactions - The company's major shareholders, including the controlling shareholder and board members, have engaged in transactions involving the "Hao Peng Convertible Bonds" within six months prior to the redemption condition being met [11][12]. - Specific transaction details of major shareholders are disclosed, indicating their holdings and trading activities [11].

西部证券股份有限公司 关于 北京信安世纪科技股份有限公司 向不特定对象发行可转换公司债券 之 上市保荐书 保荐人（主承销商） （陕西省西安市新城区东新街319号8幢10000室） 二〇二五年八月 上市保荐书 声 明 本保荐人及保荐代表人根据《中华人民共和国公司法》 （以下简称"《公司法》"） 《中华人民共和国证券法》（以下简称"《证券法》"）《上市公司证券发行注册管 理办法》 （以下简称"《注册管理办法》"） 《上海证券交易所科创板股票上市规则》 《证券发行上市保荐业务管理办法》《上海证券交易所上市公司证券发行与承销 业务实施细则》等有关法律、行政法规和中国证券监督管理委员会、上海证券交 易所的规定，诚实守信，勤勉尽责，严格按照依法制定的业务规则和行业自律规 范出具上市保荐书，并保证所出具文件真实、准确、完整。 本上市保荐书中如无特别说明，相关用语具有与《北京信安世纪科技股份有 限公司向不特定对象发行可转换公司债券募集说明书》中的含义相同。 上市保荐书 目 录 三、本次证券发行的项目保荐代表人、项目协办人及项目组其他成员情况...... 22 上市保荐书 一、发行人概况 （一）发行人基本情况 中文名称 北京信 ...

Core Viewpoint - Beijing Xin'an Century Technology Co., Ltd. is planning to issue convertible bonds to unspecified objects, which has received necessary approvals from its board and shareholders, but still requires approval from the Shanghai Stock Exchange and registration with the China Securities Regulatory Commission [7][9][15]. Group 1: Issuance Details - The issuance of convertible bonds is aimed at raising a total of up to 498 million yuan, which will be used for projects related to key technology research and productization in commercial cryptography and data security [9][12]. - The company has obtained necessary internal approvals, including from its board of directors and shareholders, to proceed with the issuance [7][8]. Group 2: Financial Performance - The company's net profits for the last three years were reported as 163.92 million yuan, 11.22 million yuan, and a loss of 47.82 million yuan, with an average distributable profit of 42.44 million yuan [9][15]. - The average distributable profit is sufficient to cover the interest on the convertible bonds for one year, meeting the requirements set forth in the Securities Law [9][15]. Group 3: Compliance and Legal Framework - The issuance complies with the Company Law and Securities Law, and the company has established a sound organizational structure to fulfill its responsibilities [9][15]. - The legal opinion issued by Beijing Tongshang Law Firm confirms that the company has met all necessary legal requirements for the issuance of convertible bonds [4][15]. Group 4: Independence and Governance - The company operates independently from its controlling shareholders, with a clear separation in business operations, assets, and financial management [15][16]. - The governance structure includes a board of directors, supervisory board, and independent directors, ensuring compliance with relevant regulations [15][16]. Group 5: Major Assets and Investments - The company owns 221 patents, 89 registered trademarks, and 316 software copyrights, indicating a strong intellectual property portfolio [22][23]. - The company has no significant financial investments or liabilities that could impact its operational independence [18][24].

Core Viewpoint - Beijing Infosec Technologies Co., Ltd. is issuing convertible bonds to unspecified investors, with West Securities acting as the sponsor for this issuance [1][3]. Group 1: Issuer and Sponsor Information - The issuer is Beijing Infosec Technologies Co., Ltd., established on August 31, 2001, with a registered capital of 317.15 million RMB [4][5]. - West Securities Co., Ltd. is the sponsor for the issuance, with designated representatives Zhang Suxian and He Si overseeing the project [3][4]. Group 2: Issuance Details - The company plans to raise up to 498 million RMB through the issuance of convertible bonds, which will be used for key technology research and productization projects [15][20]. - The bonds will have a maturity of six years and will be issued at a face value of 100 RMB each [23][30]. Group 3: Compliance and Approval - The issuance complies with the relevant laws and regulations, including the Company Law and Securities Law, and has undergone necessary decision-making procedures [8][11]. - The company has confirmed that it meets the conditions for issuing convertible bonds, including having a sound organizational structure and sufficient average distributable profits to cover interest payments [10][12][18]. Group 4: Financial Health and Use of Proceeds - The average distributable profit over the last three years is reported to be 42.44 million RMB, sufficient to cover the interest on the bonds [10][17]. - The funds raised will strictly be used for the company's main business activities and will not be allocated for loss compensation or non-productive expenditures [16][20].