Core Viewpoint - The company, Spring Wind Power (603129.SH), has received approval from the Shanghai Stock Exchange's listing review committee for its application to issue convertible bonds to unspecified investors, pending final approval from the China Securities Regulatory Commission (CSRC) [1] Group 1: Convertible Bond Issuance - The proposed issuance of convertible bonds is capped at RMB 217,876.32 million, with net proceeds intended for various projects including the production of 3 million sets of motorcycles and electric vehicles, marketing network construction, information system upgrades, and working capital supplementation [2][3] - The total investment for the projects is RMB 467,000.00 million, with specific allocations for each project: RMB 145,876.32 million for the motorcycle and electric vehicle production project, RMB 45,000.00 million for marketing, RMB 12,000.00 million for information upgrades, and RMB 15,000.00 million for working capital [3] Group 2: Credit Rating and Sponsorship - The credit rating agency, Zhongzheng Pengyuan, has assigned an AA+ rating to the company and the convertible bonds, with a stable outlook [3] - The sponsoring institution for this bond issuance is Huatai United Securities Co., Ltd., with representatives Yang Junhao and Wang Yi overseeing the process [3]

Core Viewpoint - The company plans to issue convertible bonds totaling up to RMB 217,876.32 million to fund various projects, including motorcycle and electric vehicle production, marketing network construction, information system upgrades, and working capital supplementation [1] Fundraising Details - The total amount of convertible bonds to be issued is RMB 217,876.32 million, with the specific amount to be determined by the board of directors or authorized personnel [1] - The net proceeds from the fundraising, after deducting issuance costs, will be allocated to several projects [1] Project Allocations - RMB 145,876.32 million will be used for the construction of a new project with an annual production capacity of 3 million sets of motorcycles, electric vehicles, and core components [1] - RMB 45,000.00 million is allocated for marketing network construction [1] - RMB 12,000.00 million is designated for information system upgrade projects [1] - RMB 15,000.00 million will be used to supplement working capital [1]

Core Viewpoint - The controlling shareholder of Chuanfeng Power (603129.SH) plans to reduce its stake in the company through block trading, with a total reduction of up to 3,010,000 shares, amounting to approximately 836.99 million yuan based on the previous closing price [1][2]. Shareholder Reduction Plans - Chuanfeng Holdings intends to reduce its holdings by no more than 2,200,000 shares, accounting for 1.4419% of the total share capital [1]. - Chongqing Chuanfeng plans to reduce its holdings by no more than 600,000 shares, representing 0.3932% of the total share capital [1]. - Lin Axi plans to reduce by no more than 150,000 shares, or 0.0983% of the total share capital [1]. - Lai Xuehua plans to reduce by no more than 60,000 shares, which is 0.0393% of the total share capital [1]. Historical Shareholding and Reductions - As of the announcement date, Chuanfeng Holdings held 45,000,808 shares, representing 29.4937% of the total share capital [2]. - Chongqing Chuanfeng held 12,661,734 shares, accounting for 8.2986% of the total share capital [2]. - Lin Axi held 3,168,826 shares, which is 2.0769% of the total share capital [2]. - Lai Xuehua held 894,561 shares, representing 0.5863% of the total share capital [2]. Previous Reductions - Chuanfeng Holdings has cumulatively reduced its holdings by 2,061,500 shares since April 16, 2021, realizing approximately 300 million yuan [2]. - Chongqing Chuanfeng has reduced its holdings by 470,400 shares since September 8, 2022, with total cashing out of about 70.65 million yuan [3]. - Lin Axi has reduced its holdings by 871,800 shares since March 23, 2021, with total cashing out of approximately 139 million yuan [4]. Future Fundraising Plans - The company plans to issue convertible bonds to raise up to 250 million yuan, with proceeds allocated to various projects including the production of motorcycles and electric vehicles [6].