Core Viewpoint - The announcement details the results of the buyback period for the "Wanqing Convertible Bonds," indicating that no investors opted to sell their bonds back to the company during the specified period [1][3]. Group 1: Buyback Announcement - The company disclosed the buyback announcement for the "Wanqing Convertible Bonds" on December 10, 2025, in compliance with relevant regulations [2]. - The buyback price was set at 101.235 RMB per bond (including interest and tax), with the buyback period scheduled from December 16 to December 22, 2025 [2]. Group 2: Buyback Results - The buyback period concluded on December 22, 2025, with a total of 0 bonds submitted for buyback, resulting in a total buyback amount of 0 RMB [3]. - The lack of buyback submissions means the company will not need to process any payments to investors, and the buyback process is considered complete [3]. Group 3: Future Trading - The unredeemed "Wanqing Convertible Bonds" will continue to be traded on the Shenzhen Stock Exchange [4].

Group 1 - The company, Jiangxi Wannianqing Cement Co., Ltd., issued 10 million convertible bonds with a total value of 1 billion yuan, which were listed on July 2, 2020 [1] - Recently, the company received a notification that Xinhua Life Insurance Co., Ltd. transferred 1,027,330 bonds, accounting for 10.27% of the total issuance [1] - The bonds have a maturity period of 6 years, and the issuance was approved by the China Securities Regulatory Commission [1]

Core Points - Jiangxi Wannianqing Cement Co., Ltd. has received approval from the China Securities Regulatory Commission to publicly issue corporate bonds for professional investors, with a total issuance amount not exceeding RMB 15.95 billion [1] - The bonds will have a term of 5 years and include options for interest rate adjustment and redemption after the third year [1] - The actual issuance scale of the bonds is RMB 6 billion, with a final coupon rate of 2.00% and a subscription multiple of 4.5667 times [1][2] Summary by Sections - **Issuance Details** - The bond issuance is scheduled for June 18 and June 19, 2025, with a face value of RMB 100 per bond [1] - The main underwriter, CITIC Securities Co., Ltd., participated in the subscription with RMB 0.50 billion [2] - **Investor Compliance** - All investors participating in the bond issuance meet the requirements set forth in relevant regulations, including the Company Bond Issuance and Trading Management Measures and the Shenzhen Stock Exchange's bond market investor suitability management measures [2]