Securities Code: 002321 Securities Abbreviation: Huaying Agriculture Announcement No.: 2026-033
Henan Huaying Agriculture Development Co., Ltd. Announcement on Proposed Private Placement of Perpetual Corporate Bonds
The Company and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, and contains no false records, misleading statements, or significant omissions.
Henan Huaying Agriculture Development Co., Ltd. (hereinafter referred to as the "Company") held the seventh meeting of the eighth Board of Directors on May 12, 2026, and reviewed and approved the "Proposal on the Company's Compliance with Conditions for Private Placement of Perpetual Corporate Bonds" and the "Proposal on the Proposed Private Placement of Perpetual Corporate Bonds." This private placement of perpetual corporate bonds is still subject to approval by the Company's shareholders' meeting. The specific plan and related matters for the issuance of perpetual corporate bonds are hereby announced as follows:
I. Explanation on the Company's Compliance with Conditions for Private Placement of Perpetual Corporate Bonds
In accordance with the relevant provisions of the "Company Law," "Securities Law," "Administrative Measures for the Issuance and Trading of Corporate Bonds," and other laws, regulations, and normative documents, after a item-by-item self-inspection based on the Company's actual situation, it is determined that the Company meets the conditions and requirements stipulated by the current policies for the private placement of perpetual corporate bonds, and is qualified for private placement of perpetual corporate bonds to professional investors on a one-time or phased basis.
II. Issuance Plan for Perpetual Corporate Bonds
To further broaden the Company's financing channels, optimize its debt structure, and reduce financing costs, the Company will privately place perpetual corporate bonds to professional investors on a one-time or phased basis. The specific plan is as follows:
(I) Issuance Size
The scale of this issuance of perpetual corporate bonds shall not exceed RMB 1 billion (inclusive of the principal amount).
(II) Issuance Method
This perpetual corporate bond will be issued through private placement. After obtaining approval for issuance, it can be issued all at once or in installments.
(III) Face Value and Issuance Price
The face value of each perpetual corporate bond in this issuance is RMB 100, and it will be issued at par.
(IV) Issuance Target
The issuance target for this perpetual corporate bond shall be professional investors who meet the conditions stipulated in the "Securities Law," "Administrative Measures for the Issuance and Trading of Corporate Bonds," and other relevant regulations.
(V) Bond Term
The basic term of this perpetual corporate bond shall not exceed 5 years (inclusive). At the end of the agreed basic term and at the end of each extension period, the Company has the right to exercise the extension option. The duration of each extension period shall not exceed the basic term. If the Company exercises the extension option, the bond term will be extended by one period. If the Company does not exercise the extension option, the principal will be fully redeemed upon maturity.
This perpetual corporate bond can be a single-term product or a mixed product of multiple terms.