Core Viewpoint - Jinli Permanent Magnet announced the successful issuance of a USD 117.5 million convertible bond, which is guaranteed unconditionally and irrevocably by the company [1] Group 1 - The bond will be convertible into the company's H-shares [1] - The issuance was completed by Jinli Permanent Magnet's wholly-owned subsidiary, Jinli Permanent Magnet Green Technology (Hong Kong) Limited [1] - The bond is expected to be listed and traded on the Hong Kong Stock Exchange on August 5, 2025 [1]

Group 1 - The company, Jiangxi Jinli Permanent Magnet Technology Co., Ltd., has successfully completed the issuance of a convertible bond worth 117.5 million USD, which can be converted into H-shares of the company [1] - The convertible bond was issued by the company's wholly-owned subsidiary, Jinli Permanent Magnet Green Technology (Hong Kong) Co., Ltd., and is guaranteed unconditionally and irrevocably by the company [1] - The issuance of the convertible bond was completed on August 4, 2025, and the approval for its listing and trading on the Hong Kong Stock Exchange is expected to take effect on August 5, 2025 [1] Group 2 - All preconditions in the subscription agreement for the convertible bond have been fulfilled [1] - The company will comply with the relevant filing procedures as required by the China Securities Regulatory Commission following the issuance of the convertible bond [1]

Core Viewpoint - Jiangxi Jinli Permanent Magnet Technology Co., Ltd. plans to issue convertible bonds worth up to 117.5 million USD to enhance its financial strength and competitiveness, with the bonds convertible into H shares listed on the Hong Kong Stock Exchange [1][2]. Group 1: Bond Issuance Details - The bonds will have a total principal amount not exceeding 117.5 million USD and will mature in 2030 [2]. - The issuer of the bonds is Jinli Permanent Magnet Green Technology (Hong Kong) Co., Ltd. [2]. - The company will provide unconditional and irrevocable guarantees for the bond issuance [2]. - The bonds will be offered to professional investors meeting the Hong Kong Stock Exchange listing rules [2]. - The bonds will be issued in registered form, with a minimum denomination of 200,000 USD [2]. - The interest rate for the bonds will not exceed 1.75% per annum [2]. Group 2: Conversion and Redemption Terms - Bondholders can exercise their conversion rights starting from the 41st day after issuance until ten working days before maturity [3]. - If the bonds are not redeemed, converted, or repurchased, the issuer will redeem them at maturity along with any accrued interest [3]. - The issuer has the option to redeem the bonds early under certain conditions, including if the total outstanding principal falls below 10% of the initial amount [3]. Group 3: Use of Proceeds - The proceeds from the bond issuance will be used for debt repayment, repurchase of H shares, general operating funds, and payment of operational expenses [3]. Group 4: Authorization and Validity - The authorization for the bond issuance is valid for twelve months from the date of board approval [4]. - If the shareholders' meeting revokes or changes the general authorization for issuing shares or debt financing tools, the validity of this issuance resolution will cease [4]. - The board approved the bond issuance proposal with unanimous support from all attending directors [5].