Group 1 - The actual controller of Jingda Co., Ltd. (精达股份) and its concerted action party have reduced their shareholding, with a total reduction of 25,202,600 shares, representing 1.17% of the company's total share capital [1] - Li Guangrong, the actual controller, decreased his shareholding from 3.60% to 2.91%, while the concerted action party, Tehua Investment, reduced its stake from 3.73% to 3.25% [1] - The weighted average price of Jingda Co., Ltd. shares during the reduction period was 10.366 yuan, leading to a total reduction amount of approximately 261 million yuan [1] Group 2 - Jingda Co., Ltd. plans to issue convertible bonds to raise up to 956 million yuan for various projects, including a 40,000-ton new energy copper-based electromagnetic wire project and other related initiatives [2] - The lead underwriter for the convertible bond issuance is Zhongyuan Securities, with specific issuance methods to be determined by the board of directors [2] - In the past five years, Jingda Co., Ltd. has raised a total of 1.0845 billion yuan through two fundraising events, including a public offering of convertible bonds in 2020 [3][4]

Core Viewpoint - Jingda Co., Ltd. announced an adjustment to the share reduction plan of its actual controller, Li Guangrong, who intends to reduce his holdings due to personal financial needs, with a total reduction of up to 64,300,000 shares, representing no more than 3% of the company's total share capital [1] Group 1: Share Reduction Plan - The share reduction plan's implementation subject has been changed from Li Guangrong to include his concerted action partner, Tehua Investment Holdings Co., Ltd., while the total number of shares to be reduced remains unchanged [1] - Tehua Investment currently holds 80,258,383 shares, accounting for 3.73% of the company's total share capital [1] - The reduction will occur through centralized bidding and block trading, with a maximum of 1% through centralized bidding and 2% through block trading, within three months after the announcement [1] Group 2: Financial Implications - As of the last trading day before the announcement, Jingda's share price was 10.76 yuan per share, leading to an estimated reduction amount of 692 million yuan for Li Guangrong [2] - Jingda plans to raise up to 956 million yuan through the issuance of convertible bonds, which will fund various projects including a 40,000-ton new energy copper-based electromagnetic wire project and working capital [2] Group 3: Previous Fundraising Activities - Over the past five years, Jingda has raised a total of 1.0845 billion yuan through two fundraising activities [3] - In 2020, the company issued 7.87 million convertible bonds at a face value of 100 yuan each, raising a total of 787 million yuan, with a net amount of approximately 776.75 million yuan after expenses [3] - In 2022, Jingda conducted a non-public offering of 83,333,333 shares at an issue price of 3.57 yuan per share, raising 297.5 million yuan, with a net amount of approximately 291.82 million yuan after expenses [4]

Core Viewpoint - The company plans to issue convertible bonds to raise up to 956 million yuan to support various projects, including the production of new energy copper-based electromagnetic wires and aluminum-based electromagnetic wires, as well as to supplement working capital [2][3][19]. Group 1: Necessity of the Issuance - The issuance of convertible bonds is necessary to meet the funding requirements for projects totaling 1.799733 billion yuan, which exceeds the company's current financial capacity [2][3]. - The projects funded by the issuance are capital expenditures requiring long-term financial support, and the bonds will have a six-year term, providing a suitable financing option compared to traditional loans [3]. - The expansion of the company's business has increased the demand for working capital, and the issuance will help improve liquidity and operational efficiency [3]. Group 2: Issuance Object and Appropriateness - The issuance will target unspecified investors, including individuals and institutions, with priority given to existing shareholders [5][6]. - The selection criteria for investors ensure they possess adequate risk recognition and financial capability, aligning with regulatory requirements [6]. Group 3: Pricing Principles and Methods - The pricing of the convertible bonds will be determined based on market conditions and company specifics, with the initial conversion price set at or above the average stock price over the previous twenty trading days [10][20]. - The pricing method and procedures comply with relevant regulations, ensuring transparency and fairness in the issuance process [10][11]. Group 4: Fairness and Reasonableness of the Issuance Plan - The issuance plan has been thoroughly reviewed and approved by the board, ensuring it benefits the company's growth and shareholder interests [29]. - The plan has undergone necessary disclosure procedures to protect shareholder rights and ensure informed decision-making [29]. Group 5: Impact on Shareholder Rights and Measures to Mitigate Dilution - The issuance may dilute immediate returns for existing shareholders, but the company plans to enhance profitability through business expansion and efficient project execution [30][32]. - Measures include maintaining sustainable business growth, improving operational efficiency, and ensuring proper management of raised funds to maximize shareholder returns [30][32].