Core Viewpoint - Poly Developments plans to issue convertible bonds to raise up to 500 million yuan for various real estate projects across multiple cities in China [1][2]. Group 1: Fundraising Details - The total amount to be raised through the issuance of convertible bonds is capped at 500 million yuan, which includes issuance costs [1]. - The company intends to allocate the raised funds to several projects, including Hangzhou Poly Tianyi (150 million yuan), Shijiazhuang Poly Yuhua Tianjun (75 million yuan), and Guangzhou Poly Chenyuan Hujing (55 million yuan) among others, totaling 2,222.067 million yuan in project investments [2]. Group 2: Bond Characteristics - The convertible bonds will be issued in a maximum quantity of 50 million units, with each bond having a face value of 100 yuan [2][3]. - The bonds will have a maturity period of six years from the date of issuance, and the interest rate will be determined through a bidding process [3]. Group 3: Issuance Process and Control - The issuance will target no more than 35 specific investors who meet the criteria set by the China Securities Regulatory Commission and the Shanghai Stock Exchange [3]. - The controlling shareholder of the company, Poly Group, holds 40.72% of the total shares, and the issuance will not change the control of the company [3]. Group 4: Previous Fundraising - In a previous issuance on May 15, 2025, the company raised 8.5 billion yuan through the issuance of 85 million convertible bonds, with a net amount of approximately 8.47875 billion yuan after deducting issuance costs [4][5].