China Securities Co., Ltd. (hereinafter referred to as "China Securities") is the sponsor, lead underwriter, and trustee for the publicly issued convertible corporate bonds of Shanxi Meijin Energy Co., Ltd. (hereinafter referred to as "Meijin Energy," "the Company," or "the Issuer") in 2022. China Securities continuously monitors matters that have a significant impact on the rights and interests of bondholders.
In accordance with the "Measures for the Administration of Corporate Bond Issuance and Trading," the "Code of Practice for Trustees of Corporate Bonds," the "Measures for the Administration of Convertible Corporate Bonds," and the "Trustee Agreement" for "Meijin Convertible Bonds," as well as the "Regulatory Supervision Letter" disclosed by the Issuer on June 12, 2026, and the "Announcement on the Company and Related Responsible Persons Receiving the Decision on Administrative Supervision Measures from the Shanxi Securities Regulatory Bureau" disclosed on June 13, 2026, a report on major matters concerning "Meijin Convertible Bonds" is as follows:
I. Approval Status of This Bond Issuance
According to the "Approval Regarding Shanxi Meijin Energy Co., Ltd.'s Public Offering of Convertible Corporate Bonds" (Securities Regulatory License [2022] No. 374) issued by the China Securities Regulatory Commission, the Company is approved to publicly issue 35,900,000 convertible corporate bonds, with each bond having a face value of RMB 100.00. The bonds are issued at face value, with a total issuance amount of RMB 3,590,000,000.00.
The total amount of capital raised by the Company in this issuance is RMB 3,590,000,000.00. After deducting the underwriting and sponsorship fees of RMB 31,896,226.42 (excluding tax) (of which RMB 471,698.11 (excluding tax) was for sponsorship fees, which the Company prepaid to the designated account of China Securities Co., Ltd. in advance), the actual amount received is RMB 3,558,575,471.70. After deducting external expenses directly related to the issuance of these convertible corporate bonds, such as legal fees, accounting fees, credit rating fees, and issuance disclosure fees, amounting to RMB 1,466,037.74 (excluding tax), the net proceeds from the issuance are RMB 3,556,637,735.85. The capital raised has been verified by the "Capital Verification Report" (Jing Shi Xing Yan Zi No. 02000005) issued by Beijing Xinghua Certified Public Accountants (Special General Partnership) in [2022].
II. Main Terms and Related Matters of This Bond Issuance
(I) Issuer: Shanxi Meijin Energy Co., Ltd. (II) Bond Name: Meijin Convertible Bonds (III) Bond Code: 127061 (IV) Bond Type: Convertible Corporate Bonds (V) Issuance Size: RMB 3,590,000,000 (VI) Face Value of Bonds: The convertible corporate bonds issued in this offering are issued at face value, with each bond having a face value of RMB 100. (VII) Bond Term: The term of the convertible corporate bonds issued in this offering is 6 years from the date of issuance. (VIII) Coupon Rate: 0.30% for the first year, 0.40% for the second year, 0.80% for the third year, 1.60% for the fourth year, 2.50% for the fifth year, and 3.00% for the sixth year. (IX) Interest Payment Period and Method
- Calculation of Annual Interest Annual interest refers to the current interest that a holder of convertible corporate bonds can receive for every full year from the issuance date of the convertible corporate bonds, based on the total face value of the convertible corporate bonds held. The formula for calculating annual interest is:
I = B × i
Where: I: Annual interest amount; B: The total face value of convertible corporate bonds held by the holder of convertible corporate bonds on the interest payment record date in the calculation year (hereinafter referred to as "current year" or "each year"); i: The face interest rate of the convertible corporate bonds for the current year.