Group 1 - The company has announced a repurchase price of 100.28 RMB per bond, including interest [1][6] - The repurchase period is set from March 2, 2026, to March 6, 2026, with funds to be disbursed on March 11, 2026 [1][7] - Holders of "Fuxin Convertible Bonds" can choose to sell part or all of their unconverted bonds, and this repurchase is not mandatory [1][3] Group 2 - The additional repurchase clause is activated if there are significant changes in the implementation of the fundraising projects compared to the commitments in the prospectus [2] - The interest for the current period is calculated to be 0.28 RMB per bond, leading to the total repurchase price of 100.28 RMB [2][6] - The repurchase application period is from March 2, 2026, to March 6, 2026, and applications must be submitted through the Shanghai Stock Exchange trading system [4][6] Group 3 - During the repurchase period, "Fuxin Convertible Bonds" will continue to trade but will stop converting into shares [8] - If the total face value of the convertible bonds falls below 30 million RMB due to repurchases, trading will still continue until the end of the repurchase period [8]

Core Viewpoint - The China Convertible Bond Index experienced a slight decline of 0.08%, closing at 528.32 points on February 13, indicating a mixed performance in the convertible bond market [1] Group 1: Market Performance - The following convertible bonds saw significant declines: Shuangliang Convertible Bond (-15.13%), Baichuan Convertible Bond 2 (-4.63%), Tianchuang Convertible Bond (-4.57%), Fuxin Convertible Bond (-3.84%), and Feng 21 Convertible Bond (-3.83%) [1] - Conversely, the following convertible bonds recorded notable gains: Weidao Convertible Bond (+12.55%), Fengyu Convertible Bond (+4.53%), Bairun Convertible Bond (+4.30%), Jingce Convertible Bond 2 (+4.21%), and Hangyu Convertible Bond (+4.14%) [1]

Core Viewpoint - Zhejiang Fulai New Materials Co., Ltd. has successfully completed a private placement of shares, raising approximately RMB 706.99 million, with net proceeds of about RMB 692.07 million after deducting issuance costs [4]. Group 1: Issuance Summary - The company issued 21,647,274 shares at a price of RMB 32.66 per share, with a par value of RMB 1.00 per share [4]. - The total amount raised from the issuance was RMB 706,999,968.84, with issuance costs amounting to RMB 14,929,246.89 [4]. - The funds have been deposited into a designated regulatory account as of February 6, 2026, and have been verified by Tianjian Accounting Firm [4]. Group 2: Fund Management and Agreements - The company has established a special account for the raised funds and signed tripartite and quadripartite regulatory agreements with relevant banks and the underwriter [5][8]. - The tripartite agreement involves Zhejiang Fulai New Materials, China Construction Bank, China Agricultural Bank, and the underwriter, Shenwan Hongyuan Securities [8]. - The quadripartite agreement includes Zhejiang Fulai New Materials, its wholly-owned subsidiary, and two banks, ensuring that the funds are used solely for the intended purposes [9]. Group 3: Fund Allocation - As of February 10, 2026, the balance in the special account at Jiaxing Bank was RMB 416,773,969.40, which includes RMB 196,273,969.40 for "supplementing working capital" and RMB 220,500,000.00 for the "electronic-grade functional materials expansion and upgrade project" [5][6]. - The company plans to use the funds for capital increase in its subsidiary, Zhejiang Ouren New Materials, for the aforementioned project, pending board approval [6].

Group 1 - The China Convertible Bond Index rose by 0.80% to 521.01 points on February 6 [1] - The top gainers included Baichuan Convertible Bond 2, Fuxin Convertible Bond, Yongji Convertible Bond, Shouhua Convertible Bond, and Tairui Convertible Bond, with increases of 11.58%, 11.06%, 8.88%, 8.12%, and 7.92% respectively [1] - The largest decliners were Xinzhi Convertible Bond, Titan Convertible Bond, Liyang Convertible Bond, Guanglian Convertible Bond, and Weidao Convertible Bond, with decreases of 10.94%, 7.44%, 4.88%, 1.98%, and 1.72% respectively [1]

Core Viewpoint - The China Convertible Bond Index rose by 0.68% to 521.83 points on January 21, indicating a positive market trend in convertible bonds [1] Group 1: Top Gainers - Tianchuang Convertible Bond increased by 20.00%, leading the gains [1] - Dazhong Convertible Bond rose by 10.55% [1] - Zhejiang Mining Convertible Bond saw an increase of 10.33% [1] - Weichip Convertible Bond grew by 9.69% [1] - Hongqiang Convertible Bond experienced a rise of 6.63% [1] Group 2: Top Losers - Huanxu Convertible Bond decreased by 2.77%, marking the largest drop [1] - Shentong Convertible Bond fell by 2.22% [1] - Libo Convertible Bond declined by 1.81% [1] - Fuxin Convertible Bond dropped by 1.14% [1] - Heshun Convertible Bond saw a decrease of 1.13% [1]

Core Viewpoint - The announcement details the conversion results of the convertible bonds issued by Zhejiang Fulai New Materials Co., Ltd., highlighting the total amount converted and the remaining unconverted bonds, along with the adjustments in conversion prices due to various corporate actions [2][11]. Group 1: Convertible Bond Issuance and Conversion - The company issued a total of 429.018 million convertible bonds with a total value of 429.018 million yuan, which began trading on February 7, 2023 [3][4]. - As of December 31, 2025, a total of 327,137,000 yuan of the convertible bonds have been converted into 24,232,811 shares, representing 13.78% of the total shares outstanding before conversion [2][11]. - The remaining unconverted bonds amount to 101,881,000 yuan, which is 23.75% of the total issuance [2][11]. Group 2: Conversion Price Adjustments - The initial conversion price was set at 14.02 yuan per share, which has been adjusted multiple times due to corporate actions, with the latest price being 9.56 yuan per share [5][10]. - Adjustments to the conversion price occurred due to cash dividends and the completion of stock repurchase plans, with specific adjustments detailed for various dates [6][9][10]. Group 3: Stock Changes and Incentive Plans - The company has implemented a stock incentive plan, with certain stocks becoming tradable after the lifting of restrictions, contributing to changes in the total share count [11]. - The first batch of restricted stocks under the 2023 incentive plan was released for trading on November 5, 2025 [11].

Key Points - The company, Zhejiang Fulai New Materials Co., Ltd., issued convertible bonds on January 4, 2023, with a total amount of 429.018 million bonds, each with a face value of 100 yuan, totaling 4.29018 billion yuan [1][2][3] - The bonds have a maturity period of 6 years, from January 4, 2023, to January 3, 2029, with interest rates increasing annually from 0.40% in the first year to 3.00% in the sixth year [2] - The bonds are listed on the Shanghai Stock Exchange under the name "Fuxin Convertible Bonds" with the code "111012" [3] - The initial conversion price for the bonds is set at 14.02 yuan per share, with the latest conversion price adjusted to 9.56 yuan per share [4] - Interest payments will be made annually, with the first payment scheduled for January 5, 2026, and the interest rate for the third year set at 1.20% [5][9] - The bondholders will receive interest based on their holdings as of the interest record date, which is December 31, 2025 [6][10] - The company has appointed China Securities Depository and Clearing Corporation Limited Shanghai Branch to handle the interest payments [11] - Individual investors are subject to a 20% tax on interest income, resulting in a net interest payment of 0.96 yuan per bond after tax [12]

Core Viewpoint - The announcement details the interest payment schedule for the convertible bonds issued by Zhejiang Fulai New Materials Co., Ltd., highlighting key dates and financial terms related to the bonds [2][10]. Group 1: Bond Issuance Overview - The company issued 4,290,180 convertible bonds on January 4, 2023, with a total value of 429.018 million yuan, each with a face value of 100 yuan [2][4]. - The bonds have a maturity period of 6 years, from January 4, 2023, to January 3, 2029, with a tiered interest rate structure [3]. Group 2: Interest Payment Details - The interest rates for the bonds are set at 0.40% for the first year, 0.60% for the second year, 1.20% for the third year, 1.80% for the fourth year, 2.50% for the fifth year, and 3.00% for the sixth year [3]. - The interest payment for the third year will be 1.20 yuan per bond (including tax), with the actual amount received by individual investors being 0.96 yuan after tax deductions [8][11]. Group 3: Key Dates - The bondholders' registration date for interest payment is December 31, 2025, with the interest payment and ex-dividend date both set for January 5, 2026 [2][10]. Group 4: Tax Implications - Individual investors are subject to a 20% tax on interest income, while resident enterprises are responsible for their own tax payments on the interest received [11]. - Non-resident enterprises will incur a 10% withholding tax on the interest income, which the company will deduct before payment [11]. Group 5: Contact Information - The announcement provides contact details for the issuer, Zhejiang Fulai New Materials Co., Ltd., and its underwriting institution, Shenwan Hongyuan Securities [12].

Group 1 - The company, Fule New Materials (605488.SH), announced that its convertible bonds issued on January 4, 2023, will start paying interest on January 5, 2026, due to January 4, 2026, being a non-trading day [1]

Group 1 - The China Convertible Bond Index opened up 0.04% on December 4, reaching 478.74 points [1][2] - The top gainers in convertible bonds included Yong02, Hongwei, Fuxin, Hengshuai, and Jincheng, with increases of 8.14%, 6.02%, 5.95%, 2.83%, and 2.13% respectively [1][2] - The largest decliners were Furong, Dongshi, Weidao, Zhenhua, and Shouhua, with decreases of 4.66%, 2.86%, 1.30%, 1.25%, and 1.05% respectively [1][2]