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]