Group 1 - The core point of the article is that Lingyun Co., Ltd. has received a no-objection letter from the Shanghai Stock Exchange regarding the non-public issuance of exchangeable bonds by its controlling shareholder, Northern Lingyun Industrial Group [1] - Northern Lingyun Industrial Group plans to issue exchangeable bonds totaling no more than 500 million yuan, which will be underwritten by CITIC Construction Investment Securities Co., Ltd. [1] - The bonds will be issued in installments, and the issuance must be organized within 12 months from the date of the no-objection letter [1] Group 2 - As of the announcement date, Northern Lingyun Industrial Group holds 390 million shares of Lingyun Co., Ltd., accounting for 31.91% of the total share capital of the company [2]

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].