Core Viewpoint - Jiangsu Huachen Transformer Co., Ltd. has successfully issued convertible bonds amounting to 460 million yuan, with a significant portion allocated to existing shareholders and a small portion available for public investors [1][4]. Summary by Sections Issuance Details - The company has received approval from the China Securities Regulatory Commission for the issuance of convertible bonds, with the bond code being "113695" and the name "Huachen Convertible Bonds" [1]. - The total amount of the convertible bonds issued is 460 million yuan, with an issuance price of 100 yuan per bond [4]. Subscription Results - The preferential allocation to existing shareholders resulted in 432,311,000 yuan being allocated, which accounts for approximately 93.98% of the total issuance [4]. - The public subscription resulted in 27,689,000 yuan being allocated, representing about 6.02% of the total issuance, with a low online winning rate of 0.00034920% [4][5]. Subscription Process - The subscription process involved a total of 7,956,328 valid applications, with an effective subscription amount of approximately 7.93 billion yuan [5]. - The company and the lead underwriter will conduct a lottery draw for the allocation results on June 23, 2025, with results to be announced on June 24, 2025 [5]. Underwriting and Allocation - The lead underwriter, Yongxing Securities, will underwrite any shortfall in subscription amounts, with a maximum underwriting amount capped at 138 million yuan, which is 30% of the total issuance [3]. - If the total subscription does not meet 70% of the issuance amount, the company and the underwriter may consider suspending the issuance [2][3].

Group 1 - The company announced an adjustment to the conversion price of its convertible bonds due to a cash dividend distribution [1][2] - The adjustment formula for the conversion price is based on changes in the company's equity, including stock dividends, capital increases, and cash dividends [1][2] - The new conversion price will be set at 13.27 RMB per share, down from the previous price of 13.39 RMB per share, effective from June 27, 2025 [2] Group 2 - The company plans to distribute a cash dividend of 1.239999 RMB for every 10 shares based on its total share capital of 216,041,091 shares [2] - The adjustment to the conversion price will be communicated through official announcements in accordance with regulatory requirements [2] - The company will ensure that any future changes affecting the rights of convertible bondholders will be handled fairly and in compliance with relevant laws and regulations [2]

Group 1 - The company Shanghai Haoyuan Chemexpress Co., Ltd. is issuing convertible bonds amounting to 822.35 million yuan with a maturity of 6 years, starting from December 4, 2024, to November 27, 2030 [3][4][22] - The bond has a face value of 100 yuan per bond, with a tiered interest rate starting at 0.20% in the first year and increasing to 2.00% in the sixth year [5][22] - The initial conversion price for the bonds is set at 40.73 yuan, which may be adjusted based on specific corporate actions such as stock dividends or capital increases [7][9] Group 2 - The company reported a revenue of 227.02 million yuan for the year, reflecting a 20.75% increase compared to the previous year [22] - The total assets of the company reached 550.49 million yuan, marking a 31.31% increase year-over-year [22] - The company has a net profit attributable to shareholders of 0.96 yuan per share, which is a 57.38% increase from the previous year [22] Group 3 - The company focuses on providing CRO and CDMO services for the pharmaceutical and biopharmaceutical industries, with a strong emphasis on small molecule drug development [20][21] - It has established a comprehensive service platform covering the entire drug development process from starting materials to commercial production [21] - The company has approximately 13,000 global partners, showcasing its extensive network and market reach [20]

Core Viewpoint - Zhejiang Southeast Network Framework Co., Ltd. has maintained its credit rating of "AA" with a stable outlook for both the company and its convertible bonds, indicating consistent financial health and creditworthiness [1][2]. Group 1: Company Credit Rating - The company’s previous credit rating was "AA" with a stable outlook, and this rating has been reaffirmed in the latest assessment [1][2]. - The tracking rating report was issued by Shanghai New Century Credit Rating Co., Ltd. on June 19, 2025, confirming no changes in the credit rating since the last evaluation [2]. Group 2: Convertible Bonds - The convertible bonds issued by the company, referred to as "Southeast Convertible Bonds," also retained a credit rating of "AA" in the latest report [2]. - The previous rating for the Southeast Convertible Bonds was established on June 13, 2024, and has remained unchanged in the latest assessment [1][2].

Core Viewpoint - The company is convening its third extraordinary general meeting of shareholders in 2025 to discuss key proposals, including the downward adjustment of the conversion price for its convertible bonds and the remuneration for the board of directors and senior management [1][10]. Group 1: Meeting Details - The extraordinary general meeting will take place on July 4, 2025, at 14:00, with both on-site and online voting options available [1]. - The meeting will be presided over by Chairman Zhang Baizhong, and will include the reading of the meeting agenda, shareholder speeches, voting on proposals, and the announcement of results [1][2]. Group 2: Proposal for Downward Adjustment of Conversion Price - The company proposes to adjust the conversion price of its "Qibin Convertible Bonds" due to the closing price being below 85% of the current conversion price for 15 consecutive trading days [4][9]. - The initial conversion price was set at 13.15 yuan per share, and it has been adjusted multiple times, with the latest adjustment bringing it down to 6.16 yuan per share [5][6]. - The adjustment requires approval from at least two-thirds of the voting rights held by shareholders present at the meeting [10]. Group 3: Remuneration for Directors and Senior Management - The company aims to enhance governance effectiveness and attract international talent by proposing a new remuneration scheme for its board of directors and senior management [12]. - Non-independent directors will have their salaries based on performance evaluations, while independent directors will receive fixed annual allowances [12][13]. - The new remuneration standards will take effect from June 1, 2025, and will be disclosed in the annual report [14].

Core Viewpoint - Tianyang Hongye Technology Co., Ltd. is set to redeem its convertible bonds early, having met the necessary conditions as outlined in its offering documents and relevant regulations [11][12][13]. Group 1: Redemption Conditions - The company has issued a total of 975 million yuan in convertible bonds, with a face value of 100 yuan each, which began trading on April 18, 2023 [4][5]. - The redemption conditions specified in the offering document include scenarios where the company's stock price remains above 130% of the conversion price for at least 15 out of 30 consecutive trading days [6][11]. - The initial conversion price was set at 14.92 yuan per share, which was later adjusted to 11.71 yuan per share due to various corporate actions [7][10]. Group 2: Legal Compliance and Approval - The legal opinion confirms that the company has complied with the necessary legal frameworks, including the Securities Law and the Company Law, in executing the redemption [2][12]. - The company has conducted the required internal approvals and disclosures, ensuring that all procedures align with the self-regulatory guidelines [12][14]. - The company is obligated to continue disclosing relevant information to the market regarding the redemption process as per regulatory requirements [12][13].

Group 1 - The company has decided not to adjust the conversion price of its convertible bonds, "Yonggui Convertible Bonds," despite triggering conditions for a downward adjustment [1][5] - The next period for potential adjustment will start from September 23, 2025, and the board will decide on any future adjustments based on relevant regulations [1][5] - The initial conversion price was set at 18.29 CNY per share, which was adjusted to 18.23 CNY per share effective from June 4, 2025 [2][5] Group 2 - The convertible bonds were issued on March 13, 2025, with a total face value of 980 million CNY and a maturity period of 6 years [1][2] - The conversion period for the bonds is from September 19, 2025, to March 12, 2031 [2] - The company has triggered the downward adjustment clause due to stock prices being below 85% of the conversion price for at least 15 trading days within a 30-day period [4][5]

债券代码：127084 债券简称：柳工转2 广西柳工机械股份有限公司 证券代码：000528 证券简称：柳 工 公告编号：2025-48 关于柳工转 2 转股价格调整的公告 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有虚假记载、 误导性陈述或重大遗漏。 重要内容提示： 一、 可转换公司债券转股价格调整依据 经中国证券监督管理委员会《关于核准广西柳工机械股份有限公司公开发行可转换 公司债券的批复》（证监许可〔2023〕128 号）核准，广西柳工机械股份有限公司（以下 简称"公司"）于 2023 年 3 月 27 日成功向不特定对象发行 3,000 万张可转换公司债券， 每张面值 100 元，发行总额 30.00 亿元，期限 6 年。本期可转换公司债券于 2023 年 4 月 20 日起在深圳证券交易所挂牌交易 ，债券简称 "柳工转 2 "， 债券代码 "127084.SZ"。 第 1 页，共 4 页 柳工董事会公告 根据公司《向不特定对象发行可转换公司债券募集说明书》（以下简称"《募集说明 书》"）"转股价格的调整方式及计算方式"条款规定， 在"柳工转 2"发行之后，若公司发 生派送红股、转增 ...

Core Viewpoint - The company, Zhuzhou Qibin Group Co., Ltd., has maintained its credit ratings for both the company and its convertible bonds, indicating stable financial health and outlook [1][2]. Group 1: Credit Ratings - Previous credit rating for the company was "AA+" with a stable outlook, and the bond "Qibin Convertible Bond" had a credit rating of "AA" [1]. - The current credit rating remains "AA+" for the company and "AA+" for the bond, showing no change from the previous assessment [2]. - The tracking rating report was issued by New Century Rating on June 20, 2025, after a comprehensive analysis of the company's operational status and industry conditions [2]. Group 2: Regulatory Compliance - The company conducted the rating in accordance with regulations from the China Securities Regulatory Commission and the Shanghai Stock Exchange [1][2]. - The detailed tracking rating report is available on the Shanghai Stock Exchange website for investors to review [2].

Core Viewpoint - The report outlines the issuance and management of the convertible bonds by Industrial Bank Co., Ltd., detailing the financial performance, bond terms, and the use of raised funds for business development and capital supplementation [1][2][3]. Section 1: Bond Issuance Details - The issuance of A-share convertible bonds was approved by the board on May 21, 2021, and by the shareholders on June 11, 2021, with a maximum issuance limit of 50 billion RMB [2][3]. - On December 27, 2021, the bank issued 50 million convertible bonds at a face value of 100 RMB each, raising a total of 50 billion RMB, with a net amount of approximately 49.92 billion RMB after deducting issuance costs [3][4]. Section 2: Key Terms of the Bonds - The bonds have a term of 6 years, from December 27, 2021, to December 26, 2027, with a face value of 100 RMB [4]. - The coupon rates are structured to increase over the years, starting at 0.2% in the first year and reaching 3.0% in the sixth year [4][5]. Section 3: Financial Performance - For the year 2024, the bank reported total operating income of 212.23 billion RMB, a slight increase of 0.66% from 2023 [14]. - The total profit reached 87.12 billion RMB, reflecting a growth of 3.31% compared to the previous year [14]. - The net profit attributable to shareholders was 77.21 billion RMB, showing a marginal increase of 0.12% from 2023 [14]. Section 4: Use of Raised Funds - The funds raised from the bond issuance have been fully utilized to support the bank's business development and will be used to supplement core tier one capital after bondholders convert their bonds into shares [16]. Section 5: Bondholder Rights and Management - The bondholders have the right to redeem their bonds at 109% of the face value plus the last interest payment if certain conditions are met, such as the stock price exceeding 130% of the conversion price for a specified period [11][12]. - The bond trustee, CITIC Securities, has been monitoring the bank's financial health and compliance with the bond management agreement [12][18]. Section 6: Adjustments to Conversion Price - The initial conversion price was set at 25.51 RMB per share, which has been adjusted down to 22.25 RMB due to dividend distributions [19][20].