Group 1 - The company plans to repurchase shares to enhance investor confidence and maintain shareholder interests, using its own funds through centralized bidding [5][6][9] - The total amount for the bond issuance is capped at 2 billion yuan, with the first phase of the bond issuance starting on April 25, 2024, and the second phase on May 27, 2024 [2][3] - The repurchase plan has been approved by the company's shareholders and is expected to reduce registered capital by canceling the repurchased shares [4][8] Group 2 - The repurchase is expected to involve approximately 9,438,414 shares, representing about 0.57% of the total share capital, with a maximum repurchase amount of 2 billion yuan [6][8] - The company’s total assets as of December 31, 2024, were approximately 36.64 billion yuan, with net assets of about 20.85 billion yuan, indicating sufficient capacity to fund the repurchase [9] - The repurchase will not adversely affect the company's governance, daily management, or debt repayment capabilities [9]

Core Viewpoint - Yunnan Tin Company plans to issue a second phase of technology innovation perpetual bonds aimed at professional investors, with a focus on enhancing investor confidence and maintaining shareholder interests through a share buyback program [1][11]. Group 1: Bond Issuance Details - The bond code is 148747.SZ, and it is referred to as "24锡KY02" [1]. - The bond has a coupon rate of 2.78%, with the company having the option to defer interest payments and extend the bond term by one cycle (3 years) at the end of each period [1][3]. - Interest payments will be made annually on May 28 from 2025 to 2027 [3]. Group 2: Share Buyback Program - The company intends to use its own funds to repurchase part of its A-shares, which will be fully canceled to reduce registered capital [1][11]. - The buyback price will not exceed 21.19 RMB per share, with a total buyback amount between 100 million RMB and 200 million RMB [11]. - The estimated number of shares to be repurchased is approximately 4,719,207, accounting for about 0.57% of the total share capital [11]. Group 3: Meeting Details - The bondholders' meeting is scheduled to take place from July 8 to July 14, 2025, with voting allowed during this period [4][6]. - The meeting will be conducted online, and no registration is required for attendees [6][5]. - The main agenda item is to discuss a proposal not to require the company to repay debts early or provide additional guarantees [5][12].

Group 1 - The company, Yunnan Tin Company Limited, is issuing two series of bonds, 24 Tin KY01 and 24 Tin KY02, aimed at professional investors, with a total issuance amount of 10 billion RMB for each series [1][2][3] - The first series of bonds (24 Tin KY01) has an interest rate of 3.50% and a maturity date of April 26, 2026, while the second series (24 Tin KY02) has an interest rate of 2.78% and matures on May 28, 2027 [2][3] - The bonds are structured with options for the issuer to extend the maturity or defer interest payments under certain conditions, which are not triggered during the reporting period [3][4][5] Group 2 - The company operates in the non-ferrous metal smelting and rolling processing industry, focusing on the exploration, mining, and processing of metals such as tin, zinc, copper, and indium [6][8] - The company has a comprehensive production model that includes geological exploration, mining, processing, and recycling, contributing to a circular economy [6][7] - The company holds a leading position in the tin and indium markets, with a domestic market share of 47.98% for tin and 7.35% for indium, and a global market share of 25.03% for tin and 5.01% for indium [10][11] Group 3 - The company's main business revenue for 2024 is reported at 41.795 billion RMB, showing a slight decrease of 1% compared to the previous year [10][11] - The company has a strong financial position, with a current ratio of 1.63 and a debt-to-asset ratio of 40.19%, indicating improved asset structure and debt management [19] - The company has maintained a stable credit rating of AA+ from China Chengxin International Credit Rating Co., Ltd., with a stable outlook [21]