Core Viewpoint - Jiangsu Benchuan Intelligent Circuit Technology Co., Ltd. is in the process of responding to an inquiry from the Shenzhen Stock Exchange regarding its application to issue convertible bonds to unspecified investors, indicating ongoing regulatory scrutiny and the need for compliance with disclosure requirements [1][2]. Group 1: Company Actions - The company has received an inquiry letter from the Shenzhen Stock Exchange's listing review center concerning its application for issuing convertible bonds [1]. - In response to the inquiry, the company, along with relevant intermediaries, has conducted a thorough review and provided detailed replies to the questions raised [1]. - The company has supplemented and revised its application documents accordingly and will disclose the responses and updated application files through the Shenzhen Stock Exchange's system [1]. Group 2: Regulatory Process - The issuance of convertible bonds is subject to approval from the Shenzhen Stock Exchange and requires consent from the China Securities Regulatory Commission before implementation [2]. - There is uncertainty regarding whether the company will pass the review by the Shenzhen Stock Exchange and receive the necessary registration approval from the regulatory authority [2]. - The company commits to timely information disclosure in accordance with relevant laws and regulations as the situation progresses [2].

Core Viewpoint - Jiangsu Allfavor Intelligent Technology Co., Ltd. plans to issue convertible bonds to raise funds not exceeding 490 million yuan, with Northeast Securities acting as the sponsor for the listing on the Shenzhen Stock Exchange [1][2]. Company Overview - Jiangsu Allfavor Intelligent Technology Co., Ltd. was established on August 23, 2006, and listed on August 5, 2021, with a registered capital of 77.2983 million yuan [1]. - The company specializes in the research, production, and sales of printed circuit boards (PCBs), focusing on small batch production and has accumulated extensive industry experience and technical expertise [2][3]. Main Business and Products - The company offers a diverse range of PCB products, including high-frequency and high-speed boards, flexible boards, rigid-flex boards, HDI boards, and ceramic substrates, targeting mid-to-high-end applications in communication equipment, automotive electronics, and renewable energy [3][4]. - The product categories include double-sided boards, multilayer boards, rigid boards, flexible boards, metal substrates, thick copper boards, and HDI boards, each designed for specific applications and performance requirements [4][5]. Core Technologies and R&D Level - The company has developed several core technologies, including optical module PCB processing, pulse electroplating technology, and PTFE material processing technology, enhancing its competitive edge in the communication sector and high-frequency applications [6][7][8]. - R&D investment has been significant, with R&D expenses amounting to 30.864 million yuan in 2024, representing a research expense ratio of 5.18% [11]. Financial Data and Indicators - The company reported total assets of approximately 1.353 billion yuan and total liabilities of about 350 million yuan as of March 31, 2025 [13]. - The operating income for the first quarter of 2025 was approximately 170.49 million yuan, with a net profit of about 10.13 million yuan [14]. - Key financial ratios include a current ratio of 2.20 and a quick ratio of 1.85, indicating a strong liquidity position [14][15].

东北证券股份有限公司 关于 江苏本川智能电路科技股份有限公司 向不特定对象发行可转换公司债券 之 发行保荐书 （住所：长春市生态大街 6666 号） 二〇二五年八月 本保荐人及指定的保荐代表人根据《公司法》《证券法》《证券发行上市保 荐业务管理办法》《注册管理办法》《发行证券的公司信息披露内容与格式准则 第 27 号——发行保荐书和发行保荐工作报告》等法律法规和中国证券监督管理 委员会及深圳证券交易所的有关规定，保荐人及其保荐代表人诚实守信，勤勉尽 责，严格按照依法制定的业务规则、行业执业规范和道德准则出具本发行保荐书， 并保证本发行保荐书的真实性、准确性和完整性。 除非特别注明，本发行保荐书中如无特别说明，相关用语具有与《江苏本川 智能电路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》中相 同的含义。 本发行保荐书中部分合计数与各加数直接相加之和在尾数上有差异，或部分 比例指标与相关数值直接计算的结果在尾数上有差异，系四舍五入造成。 目 录 四、本次发行符合《注册管理办法》向不特定对象发行可转债的一般规定 .. 26 五、本次发行符合《注册管理办法》向不特定对象发行可转债的特殊规定 .. 30 ...

Core Viewpoint - Jiangsu Benchuan Intelligent Circuit Technology Co., Ltd. plans to issue convertible bonds to raise funds for production projects and working capital, aiming to enhance its production capacity and market competitiveness in the PCB industry [1][2][3]. Company Overview - Jiangsu Benchuan was established on August 23, 2006, and listed on August 5, 2021, with a registered capital of 77.2983 million RMB [17]. - The company specializes in the production and processing of various electronic components, including high-density interconnect boards and flexible printed circuit boards [17][18]. Fundraising Purpose - The funds raised will be used for the construction of production bases in Zhuhai and Thailand, aimed at increasing annual production capacity by 550,000 square meters [2][3]. - The company aims to improve production efficiency and precision through advanced automated production lines, thereby enhancing its ability to meet customer demands and reduce delivery times [24][25]. Market Context - The global PCB industry is projected to grow, with a total market value of 73.565 billion USD in 2024, reflecting a 5.8% increase from the previous year [18][19]. - China remains the largest PCB production base, accounting for 56% of the global market, while Southeast Asia is expected to grow rapidly, with a compound annual growth rate of 12.4% from 2024 to 2029 [19][20]. Industry Demand - The demand for PCBs is driven by the rapid growth of downstream industries such as electric vehicles and telecommunications, with significant increases in production and sales expected [20][21][22]. - The company is positioned to capitalize on emerging markets related to AI, low-altitude economy, and robotics, which are anticipated to create substantial demand for PCB products [22][23]. Financial Performance - The company has experienced fluctuations in net profit, with a reported net profit of 34.0522 million RMB in 2022, followed by a loss in 2023 [8][9]. - The gross profit margin has declined significantly, indicating potential challenges in maintaining profitability amidst increasing competition [7][8]. Risk Factors - The company faces risks related to project implementation, including potential underperformance of investment projects and challenges in capacity absorption due to market fluctuations [2][3][4]. - International trade disputes and changes in policies may impact the company's export performance, particularly in key markets like the US and Europe [4][5]. Profit Distribution Policy - The company has established a profit distribution policy that prioritizes cash dividends, aiming for a minimum of 30% of average distributable profits over the past three years to be distributed in cash [10][11]. - Recent profit distribution has included no cash dividends in 2022, a cash dividend of 22.8985 million RMB in 2023, and a proposed cash dividend of 7.6328 million RMB for the first half of 2024 [14][15].

Company Overview - The company did not experience any changes in its controlling shareholder or actual controller during the reporting period [3] - There are no preferred shareholders or related information regarding preferred shares during the reporting period [3] Financial Highlights - The company plans to repurchase its ordinary shares (A shares) with a total fund amounting to no less than RMB 50 million and no more than RMB 100 million, with a maximum repurchase price of RMB 18.00 per share [4] - As of August 18, 2025, the company has repurchased a total of 8.274 million shares, accounting for 2.05% of the total share capital, with a total expenditure of RMB 94.7017 million [4] Important Resolutions - The company approved a profit distribution plan to distribute a cash dividend of RMB 0.5 per 10 shares to all shareholders, based on a total share capital of 404,361,469 shares after deducting shares for repurchase [5] - The company has completed the repurchase and cancellation of 484,400 restricted shares from the 2024 incentive plan, resulting in a change in total shares from 404,845,869 to 404,361,469 [7] Corporate Governance Changes - The company has decided to abolish the supervisory board, transferring its powers to the audit committee of the board of directors, and will adjust the board structure by adding an employee director [8]

Core Viewpoint - The company, Shenglan Technology Co., Ltd., is issuing convertible bonds totaling RMB 450 million, approved by the China Securities Regulatory Commission, to raise funds for its operations and development [1][2][3]. Group 1: Issuance Details - The total amount of the convertible bonds is RMB 450 million, with a total of 4.5 million bonds issued at a face value of RMB 100 each [2][3]. - The bonds will have a maturity of 6 years, from August 28, 2025, to August 27, 2031, with annual interest rates starting at 0.20% in the first year and increasing to 2.30% in the sixth year [2][3][4]. - The initial conversion price is set at RMB 54.56 per share, which is based on the average trading price of the company's stock over the previous 20 trading days [4][5]. Group 2: Subscription and Allocation - Original shareholders will have priority in subscribing to the bonds, with the subscription period starting on August 27, 2025, and any remaining bonds will be offered to the public through the Shenzhen Stock Exchange [1][13]. - The maximum number of bonds that original shareholders can subscribe to is approximately 4,499,919, accounting for 99.9982% of the total issuance [14][15]. - Public investors can subscribe online, with a minimum subscription of 10 bonds (RMB 1,000) and a maximum of 10,000 bonds (RMB 1 million) per account [16][17]. Group 3: Redemption and Buyback Provisions - The company will redeem the bonds at 113% of the face value, including the last interest payment, within five trading days after maturity if they remain unconverted [9][10]. - If the stock price exceeds 130% of the conversion price for at least 15 trading days within a 30-day period, the company has the right to redeem the bonds [10][12]. - Holders of the convertible bonds have the right to sell back their bonds to the company at face value plus accrued interest under certain conditions, such as significant changes in the use of raised funds [12][10]. Group 4: Regulatory and Compliance - The bonds are rated AA- by China Chengxin International Credit Rating Co., Ltd., indicating a stable outlook [18]. - The issuance plan has been approved by the company's board and is valid for 12 months from the date of shareholder approval [18][19]. - The company will ensure compliance with all relevant regulations and will disclose necessary information through appropriate channels [1][19].

Group 1 - The company, Suzhou Sonavox Electronics Co., Ltd., is issuing convertible bonds to unspecified investors and plans to list them on the Sci-Tech Innovation Board [1][4] - The total amount of funds to be raised from this issuance is not to exceed 330 million RMB, with the net proceeds allocated to specific projects and working capital [23][24] - The company has a registered capital of 162.8472 million RMB and was established on June 27, 1992, with its stock listed on April 19, 2021 [4][12] Group 2 - The company specializes in manufacturing automotive speakers, audio systems, and various electronic components, indicating a focus on the automotive and electronics sectors [4][14] - The company has established a strong presence in the automotive acoustic product supply chain, collaborating with well-known automotive manufacturers [14][19] - The company’s financial health is supported by its average distributable profits over the last three years, which are sufficient to cover the interest on the convertible bonds [16][18] Group 3 - The underwriting institution, Dongwu Securities, has conducted thorough due diligence and confirmed that the issuance complies with relevant laws and regulations [10][15] - The convertible bonds will have a face value of 100 RMB each and will be issued at par value, with specific terms regarding conversion and redemption outlined [25][28] - The bonds will be rated A+ by Zhongceng Pengyuan, indicating a stable credit outlook [25][26]

证券代码：300843 证券简称：胜蓝股份 公告编号：2025-048 胜蓝科技股份有限公司 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 一、董事会会议召开情况 胜蓝科技股份有限公司（以下简称"公司"）第四届董事会第二次会议经全 体董事一致同意豁免会议通知期限要求，现场及通讯发出会议通知，于2025年8 月25日在广东省东莞市东坑镇横东路225号公司会议室以现场与通讯相结合的 方式召开。本次会议由董事长黄雪林先生召集并主持，应出席董事7人，实际出 席董事7人（其中：谭小平女士、赵连军先生、苏文荣先生以通讯表决方式出席 会议），公司高级管理人员列席本次会议。本次会议的召开和表决程序符合《中 华人民共和国公司法》等法律、法规、规范性文件和《胜蓝科技股份有限公司 章程》的有关规定，会议合法、有效。 二、董事会会议审议情况 与会董事对本次会议需审议的议案进行了充分讨论，审议通过了以下议案： （一）逐项审议通过《关于进一步明确公司向不特定对象发行可转换公司 债券方案的议案》 公司已收到中国证券监督管理委员会出具的《关于同意胜蓝科技股份有限公 司向不特定对象发行可转换 ...

Core Viewpoint - The company, Suzhou Kema Materials Technology Co., Ltd., plans to issue convertible bonds to raise funds for expanding its business operations and enhancing its competitive edge in the market [1][2]. Group 1: Necessity of the Issuance - The issuance of convertible bonds is deemed necessary to meet the company's funding needs and to support projects that will enhance its core competitiveness and sustainable development capabilities [2]. - The projects funded by the issuance have been carefully evaluated and are expected to contribute positively to the company's growth [2]. Group 2: Selection of Issuance Objects - The issuance will target a wide range of investors, including individuals, corporations, and investment funds, who hold accounts with the China Securities Depository and Clearing Corporation [3][4]. - Original shareholders will have priority in the allocation of the bonds, with specific ratios to be determined based on market conditions [3]. Group 3: Pricing Principles and Methods - The pricing of the convertible bonds will be determined based on market conditions, with the initial conversion price set at or above the average trading price of the company's shares over the previous twenty trading days [6][7]. - The company will adjust the conversion price in response to corporate actions such as stock dividends or capital increases, ensuring fair treatment for bondholders [6][7][22]. Group 4: Feasibility of the Issuance - The company meets the legal requirements for issuing convertible bonds, including having a sound organizational structure and sufficient average distributable profits to cover interest payments on the bonds [9][12]. - The funds raised will be used for projects closely related to the company's main business, including the expansion of advanced ceramic components and silicon carbide materials for semiconductor equipment [10][18]. Group 5: Fairness and Reasonableness of the Issuance Plan - The issuance plan has been carefully reviewed and approved by the board of directors, and its implementation is expected to enhance the company's business scale and profitability, benefiting all shareholders [19][20].

Core Viewpoint - Xiamen Jindawei Group Co., Ltd. has received approval from the China Securities Regulatory Commission to issue convertible bonds totaling approximately 1.29 billion yuan, with the bonds named "Jinwei Convertible Bonds" [1][2]. Group 1: Issuance Details - The total scale of the convertible bond issuance is 1,292,394,800 yuan, with a face value of 100 yuan per bond, amounting to 12,923,948 bonds issued at par value [2]. - The original shareholders were given priority to subscribe to the bonds, with a total of 10,790,785 bonds subscribed, amounting to 1,079,078,500 yuan, which represents 83.49% of the total issuance [2]. - The remaining bonds after the original shareholders' subscription were made available for public investors through the Shenzhen Stock Exchange [2]. Group 2: Underwriting and Subscription Results - The underwriter, GF Securities, will underwrite any bonds that were not subscribed by online investors or were invalid due to insufficient funds, totaling 35,237 bonds, amounting to 3,523,700 yuan, which is 0.27% of the total issuance [3]. - The subscription process for online investors concluded on August 22, 2025, and notifications were sent to those who successfully subscribed [2][3].