Company Bond Basic Information
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Bond Name: TUS Environment Co., Ltd. 2019 Publicly Issued Green Corporate Bonds (for Qualified Investors) (First Tranche) (hereinafter referred to as "This Bond").
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Bond Abbreviation and Code: 19 TUS G2, 112978.
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Issuer: TUS Environment Co., Ltd. (hereinafter referred to as "the Issuer" or "TUS Environment").
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Issuance Scale: RMB 500 million.
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Bond Balance: The outstanding balance of this bond is RMB 125.9 million.
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Bond Guarantee Status: This bond is an unsecured bond.
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Bond Principal and Interest Payment and Interest Rate Adjustment Arrangements: The Issuer has paid the interest for the period from September 26, 2023, to September 25, 2024, on September 24, 2024. After negotiation with all bondholders, the maturity date of this bond will be settled within 36 months from September 26, 2024 (hereinafter referred to as the "Maturity Adjustment Period"). From the date of extension, the bond's coupon rate will be adjusted from 6.50% to 5%. In addition to annual interest, all other interest will be paid along with the principal. The settlement arrangement for the principal and interest remaining unpaid during the Maturity Adjustment Period will be paid according to the extension and settlement plan. The payment method for principal and interest will be adjusted to direct payment by the Issuer to the bondholders, and will no longer be handled by the Shenzhen Branch of China Securities Depository and Clearing Corporation Limited.
Litigation Involving Wholly-Owned Subsidiary
TUS Environment's wholly-owned subsidiary, Hecaton New Energy Vehicle Co., Ltd. (hereinafter referred to as "Hecaton New Energy"), has received a "Notice" ((2026) E 12 Po Shen 19) from the Intermediate People's Court of Xianning City, Hubei Province.
(I) Specific Content of the "Notice"
- (2026) E 12 Po Shen 19
Hecaton New Energy, a wholly-owned subsidiary of TUS Environment, recently received a "Notice" ((2026) E 12 Po Shen 19) from the Intermediate People's Court of Xianning City, Hubei Province. The specific content is as follows:
On February 12, 2026, Anshan Boiler Factory Co., Ltd., citing Hecaton New Energy's inability to repay due debts and its obvious lack of solvency, applied for bankruptcy liquidation of Hecaton New Energy in accordance with Article 2 of the "Enterprise Bankruptcy Law of the People's Republic of China" and Article 4 of the "Several Provisions of the Supreme People's Court on the Application of the Enterprise Bankruptcy Law of the People's Republic of China (1)".
On July 2, 2026, Jiangsu Huaxing Oriental Power Environmental Protection Technology Co., Ltd., citing Hecaton New Energy's inability to repay due debts and its obvious lack of solvency, applied for bankruptcy reorganization of Hecaton New Energy in accordance with the relevant provisions of the "Enterprise Bankruptcy Law of the People's Republic of China".
According to the provisions of Article 10, Paragraph 1 of the "Enterprise Bankruptcy Law of the People's Republic of China", if Hecaton New Energy has any objection to the application, it shall submit a written objection to the Intermediate People's Court of Xianning City, Hubei Province, within seven days of receiving this notice, along with relevant evidence.