Bond Abbreviation and Code
Bond Abbreviation: Southeast Convertible Bond
Bond Code: 127103
Important Statement
This report is prepared by Kaiyuan Securities Co., Ltd. (registered address: 5th Floor, Block B, Urban Gate, No. 1 Jinye Road, High-tech Zone, Xi'an, Shaanxi Province) based on the "Management Measures for Convertible Corporate Bonds," "Management Measures for Corporate Bond Issuance and Trading," "Code of Conduct for Corporate Bond Trustees," the entrusted management agreement between Zhejiang Southeast Space Frame Co., Ltd. (as the issuer) and Kaiyuan Securities Co., Ltd. (as the trustee), and the relevant public disclosure documents. Kaiyuan Securities has not independently verified the contents and information quoted from these documents and does not guarantee or assume any responsibility for their authenticity, accuracy, or completeness. This report does not constitute a recommendation for investors to take or refrain from any action; investors should make independent judgments regarding related matters and should not rely on any content in this report as a commitment or statement made by Kaiyuan Securities. Under no circumstances shall Kaiyuan Securities be liable for any actions or inactions taken by investors based on this report.
Overview of the Convertible Bonds
As the trustee for the issuance of convertible bonds (referred to as "Southeast Convertible Bonds," bond code "127103"), Kaiyuan Securities will closely monitor matters significantly affecting the rights of bondholders. According to relevant regulations and the entrusted management agreement, the following major matters regarding the convertible bonds are reported:
1. Registration Documents and Scale
The China Securities Regulatory Commission issued the approval document "Approval of Zhejiang Southeast Space Frame Co., Ltd. for the Registration of Convertible Bonds Issuance to Unspecified Objects" (Document No. [2023] 1845), agreeing to the company's application for the issuance of convertible bonds to unspecified objects. The company, through the lead underwriter Kaiyuan Securities Co., Ltd., issued 20 million convertible bonds with a face value of 100 RMB each, raising a total of 2,000,000,000.00 RMB. After deducting the remaining unpaid sponsorship and underwriting fees of 9,433,962.26 RMB (total sponsorship and underwriting fees of 11,320,754.71 RMB, with 1,886,792.45 RMB paid in advance), the actual amount received was 1,990,566,037.74 RMB, which has been transferred by the lead underwriter to the company's fundraising supervision account on January 9, 2024. After deducting the paid sponsorship fees, legal fees, audit, and verification fees directly related to the issuance of convertible bonds amounting to 4,334,557.61 RMB, the net amount raised by the company is 1,986,231,480.13 RMB. The status of the raised funds has been verified by Tianjian Certified Public Accountants (Special General Partnership), which issued a verification report (Tianjian Verification [2024] No. 15).
2. Basic Information on the Convertible Bonds
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Type of Securities Issued
The type of securities issued is convertible corporate bonds that can be converted into company stock. The convertible bonds and the company stock converted from these bonds will be listed on the Shenzhen Stock Exchange. -
Scale and Quantity of Issuance
The total issuance amount of the convertible bonds is 2 billion RMB, with a total of 20 million bonds issued. -
Face Value and Issuance Price
Each convertible bond has a face value of 100 RMB and is issued at face value. -
Bond Term
The term of the issued convertible bonds is 6 years from the date of issuance, from January 3, 2024, to January 2, 2030 (if it falls on a legal holiday or rest day, it will be extended to the next working day; interest during the extension period will not accrue). -
Bond Interest Rate
The interest rates are as follows: Year 1: 0.30%, Year 2: 0.50%, Year 3: 1.00%, Year 4: 1.50%, Year 5: 1.80%, Year 6: 2.00%.