Group 1 - The company, Longxing Technology Group Co., Ltd., has issued convertible bonds totaling RMB 754.75 million, with a net amount of RMB 745.32 million after deducting issuance costs [2][4][21] - The bonds will be traded on the Shenzhen Stock Exchange starting from March 6, 2024, under the name "Longxing Convertible Bonds" and code "127105" [2][4] - The funds raised will be primarily allocated to the Shanxi Longxing Carbon-Based New Materials Circular Economy Industry Project (Phase I), which has a total planned investment of RMB 1.60 billion [2][4][21] Group 2 - The convertible bonds have a face value of RMB 100 each and will be issued at par [2][4] - The interest rates for the bonds are structured to increase over the six-year term, starting at 0.20% in the first year and reaching 2.50% in the sixth year [6][21] - The company has a total A-share capital of 490.82 million shares, with original shareholders entitled to a priority subscription for the bonds [4][5] Group 3 - Longxing Technology is a leading enterprise in the carbon black industry, with a production capacity of 620,000 tons per year as of the end of 2024 [21] - The company has established strong partnerships with major tire manufacturers, including Windforce, Zhongce Rubber, Michelin, and Continental [21] - The company has received 110 national patent authorizations, focusing on core technologies in carbon black production [21] Group 4 - The company reported a net profit attributable to shareholders of RMB 142.09 million for 2024, representing a year-on-year increase of 28.70% [21] - Total assets increased by 15.97% to RMB 441.13 million, while net assets attributable to shareholders rose by 6.93% to RMB 184.10 million [21] - The company aims to enhance production automation and efficiency through significant investments in smart factory construction and advanced equipment manufacturing [21]