Statement of the Issuer
-
The Company and all members of the Board of Directors guarantee that the content of this proposal is true, accurate, and complete, and that there are no false records, misleading statements, or material omissions, and they shall bear individual and joint legal responsibility for the truthfulness, accuracy, and completeness of the content of this proposal.
-
After the completion of this issuance of convertible corporate bonds to unspecified objects, the Company shall be responsible for changes in its operations and income; the investment risks arising from this issuance of convertible corporate bonds to unspecified objects shall be borne by investors.
-
This proposal is the explanation of the Board of Directors of the Company regarding the issuance of convertible corporate bonds to unspecified objects. Any contrary statement shall be a false statement.
-
Investors with any questions should consult their stockbroker, lawyer, professional accountant, or other professional advisor.
-
The matters described in this proposal do not represent the substantive judgment, confirmation, approval, or registration of the review and registration departments for this issuance of convertible corporate bonds to unspecified objects. The effectiveness and completion of the matters related to this issuance of convertible corporate bonds to unspecified objects are subject to the approval of the Company's shareholders' meeting, review by the Shenzhen Stock Exchange, and registration with the China Securities Regulatory Commission before implementation, and the final plan will be subject to the registration by the China Securities Regulatory Commission.
-
If this proposal involves investment benefits or performance forecasts, it does not constitute a commitment by the Company to any investor or related party. Investors and related parties should understand the difference between plans, forecasts, and commitments and be aware of investment risks.
Special Notice
I. The plan for this issuance of convertible corporate bonds to unspecified objects has been approved by the Company's Board of Directors and is subject to approval by the Company's shareholders' meeting, review by the Shenzhen Stock Exchange, and registration with the China Securities Regulatory Commission before implementation.
II. The total amount of funds to be raised from the issuance of convertible corporate bonds to unspecified objects shall not exceed RMB 118,000.00 ten thousand yuan (inclusive). After deducting issuance expenses, the net amount of raised funds will be invested in the following projects:
| Project No. | Project Name | Total Project Investment | Amount of Raised Funds to be Invested |
|---|---|---|---|
| 1 | Project for annual production of 3 million sets of ultra-lightweight aluminum alloy wheels and 180,000 sets of forged commercial vehicle wheels | 105,000.00 | 45,000.00 |
| 2 | Project for upgrading and renovating annual production of 2 million sets of lightweight cast-spun aluminum alloy wheels and energy-saving renovation | 51,723.00 | 43,000.00 |
| 3 | Project for expansion and technological transformation of micro-crystalline silicon aluminum composite new materials and precision components | 11,100.00 | 10,000.00 |
| 4 | Project for R&D of high-end special intermediate alloys | 3,229.00 | 3,000.00 |
| 5 | Project for supplementary working capital | 17,000.00 | 17,000.00 |
| Total | 188,052.00 | 118,000.00 |
The portion of the total project investment exceeding the planned investment from raised funds will be self-financed by the Company. The portion of the net amount of raised funds after deducting issuance expenses that is less than the total planned investment for the projects will be self-financed by the Company. Before the raised funds for this issuance of convertible corporate bonds are in place, the Company will make advance payments with its own funds based on the actual progress of the projects, which will be replaced upon receipt of the raised funds.