000669SZSE
🚨 Material Event

2015 Corporate Bond Trustee Management Report of PetroChina Jinhong Energy Investment Co., Ltd. (2025 Annual)

ST Jinhong Co., Ltd.··38 pages

✨ AI Summary

This report details the trustee management of the 2015 corporate bonds issued by PetroChina Jinhong Energy Investment Co., Ltd. The bonds, which defaulted in 2018, remain in a state of accelerated maturity. The report outlines the issuer's financial status, compliance, and the ongoing debt repayment situation as of 2025. It serves as a formal disclosure to bondholders regarding the issuer's continued inability to meet original payment obligations.

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Full Translation

AI Translation· gemini_document

Bond Abbreviation: 15 Jinhong Bond

Bond Code: 112276.SZ

PetroChina Jinhong Energy Investment Co., Ltd.

2015 Corporate Bond Trustee Management Report

(2025 Annual)

Issuer

Jinhong Holding Group Co., Ltd.

(Address: Building 4, No. 88 Liangliang Avenue, Hejiang Street, Shigu District, Hengyang City, Hunan Province)

Bond Trustee

Bohai Securities Co., Ltd.

(Address: 101 Office Building, No. 42 Second Avenue, Tianjin Economic-Technological Development Area)

June 2026

Important Statement

This report is prepared by the bond trustee, Bohai Securities Co., Ltd. (hereinafter "Bohai Securities" or "Trustee"), in accordance with the "Administrative Measures for the Issuance and Trading of Corporate Bonds," "Code of Conduct for Corporate Bond Trustees," "Shenzhen Stock Exchange Corporate Bond Listing Rules (2023 Revision)," the "Corporate Bond Trustee Management Agreement for the Public Issuance of 2015 Corporate Bonds by PetroChina Jinhong Energy Investment Co., Ltd. and Bohai Securities Co., Ltd.," and other relevant information disclosure documents and materials provided by Jinhong Holding Group Co., Ltd. (hereinafter "Issuer" or "Company"). The content and information in this report are sourced from the Issuer's publicly disclosed "Jinhong Holding Group Co., Ltd. 2025 Annual Report," other relevant public information, materials provided by the Issuer, and professional opinions issued by third-party intermediary agencies.

This report does not constitute a recommendation for investors to engage or refrain from engaging in any specific behavior. Investors should make independent judgments regarding relevant matters and should not treat any content in this report as a commitment or statement made by Bohai Securities. Under no circumstances, without the written consent of Bohai Securities, may this report be used for any other purpose.

Table of Contents

Chapter 1 Overview of the Current Corporate Bond

Chapter 2 Trustee's Performance of Duties

Chapter 3 Issuer's 2025 Annual Operating and Financial Status

Chapter 4 Inspection of Issuer's Use of Proceeds, Disclosure, and Special Account Operations

Chapter 5 Inspection of Issuer's Fulfillment of Information Disclosure Obligations

Chapter 6 Analysis of Issuer's Willingness and Ability to Repay Debt

Chapter 7 Analysis of the Effectiveness of Credit Enhancement Measures

Chapter 8 Principal and Interest Repayment Status of Corporate Bonds

Chapter 9 Convening of Bondholders' Meetings

Chapter 10 Credit Rating Status of the Current Corporate Bond

Chapter 11 Changes in Personnel Responsible for Matters Related to the Current Bond

Chapter 12 Major Events Affecting the Issuer's Debt Repayment Ability and Trustee's Response Measures and Effectiveness

  1. Approval Documents and Approval Scale

The issuance of this bond was approved by the "Proposal on the Issuance of Corporate Bonds" passed at the 7th Board of Directors' 2014 First Meeting held on March 27, 2014, and the 2013 Annual General Meeting held on April 18, 2014. On August 12, 2015, the China Securities Regulatory Commission approved the public issuance of corporate bonds with a total face value not exceeding 800 million RMB to qualified investors (CSRC Permit [2015] No. 1940).

  1. Basic Information of the Current Bond

  2. Bond Name: PetroChina Jinhong Energy Investment Co., Ltd. 2015 Corporate Bonds (hereinafter "Current Bond").

  3. Bond Abbreviation: 15 Jinhong Bond.

  4. Bond Code: 112276.SZ.

  5. Issuance Scale: The total amount of this bond issuance does not exceed 800 million RMB (inclusive).

  6. Issuance Date and Interest Commencement Date: August 27, 2015.

  7. Face Value and Issuance Price: Face value of 100 RMB, issued at par.

  8. Bond Maturity: 5 years, with an issuer coupon rate adjustment option and an investor put option at the end of the 3rd year (extended to June 30, 2024, through the debt repayment plan).

  9. 2025 Year-end Bond Balance: 167.8282 million RMB.

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