Core Viewpoint - The major shareholder, Zijin Mining Investment (Shanghai) Co., Ltd., plans to issue non-public exchangeable bonds backed by its shares in Jiangnan Chemical, having received a no-objection letter from the Shenzhen Stock Exchange [1][2]. Group 1: Shareholder Information - Zijin Mining Investment holds a total of 534,166,752 A-shares in Jiangnan Chemical, representing 20.17% of the company's total share capital [2]. - The issuance of the exchangeable bonds will not result in a change of control for Jiangnan Chemical [2]. Group 2: Bond Issuance Details - The non-public exchangeable bonds will have a maximum issuance value of 700 million RMB [2]. - The no-objection letter is valid for 12 months, during which Zijin Investment may choose to issue the bonds in phases or not at all, depending on its financial arrangements and market conditions [2].