Announcement of Resolutions from the Second Meeting of the Sixth Board of Directors
The resolutions of the Second Meeting of the Sixth Board of Directors of Jiangxi Sanxin Medical Technology Co., Ltd. were reviewed and approved.
(I) Deliberation and Approval of the Proposal on the Issuance of Convertible Corporate Bonds to Non-specific Targets by Jiangxi Sanxin Medical Technology Co., Ltd.
The board of directors deliberated and approved the proposal on the issuance of convertible corporate bonds to non-specific targets by Jiangxi Sanxin Medical Technology Co., Ltd.
1. Proposal on the Issuance of Convertible Corporate Bonds to Non-specific Targets by Jiangxi Sanxin Medical Technology Co., Ltd.
The meeting reviewed and approved the proposal on the issuance of convertible corporate bonds to non-specific targets by Jiangxi Sanxin Medical Technology Co., Ltd. The proposal includes details on the issuance plan, issuance scale, issuance price, term, interest rate, conversion price, and other related matters.
1.01 Issuance Scale
The total amount of this issuance of convertible corporate bonds shall not exceed RMB 530 million (inclusive).
1.02 Issuance Size and Number of Shares
The total amount of this issuance of convertible corporate bonds is RMB 53,000 million (inclusive), with an issuance of 5.3 million shares.
Resolution result: 9 votes in favor, 0 votes against, 0 abstentions, resolution passed.
1.03 Face Value and Issuance Price
This issuance of convertible corporate bonds will be issued at face value, with a face value of RMB 100 per share.
1.04 Bond Term
The term of this issuance of convertible corporate bonds is 6 years from the date of issuance, i.e., from August 4, 2026 (T-day) to August 3, 2032 (if it falls on a non-trading day, it will be postponed to the next trading day; interest will not be calculated during the postponement period).
1.05 Bond Interest Rate
The coupon rate for this issuance of convertible corporate bonds is 0.20% for the first year, 0.40% for the second year, 0.60% for the third year, 1.00% for the fourth year, 1.50% for the fifth year, and 1.80% for the sixth year.
1.06 Principal and Interest Payment Term and Method
This issuance of convertible corporate bonds adopts an annual interest payment method, and the principal of unredeemed convertible corporate bonds will be repaid upon maturity, along with the interest for the final year.
- Annual Interest Calculation
Annual interest refers to the current interest that a convertible bondholder can enjoy for the face value of the convertible bonds held from the first day of the convertible bond issuance.
The formula for calculating annual interest is: I = B × i, where:
I: Annual interest amount;
B: The total face value of convertible bonds held by the convertible bondholder in the interest calculation year (hereinafter referred to as "current year" or "each year") on the bondholder registration date;
i: The annual coupon rate of the convertible bond.
- Interest Payment Method
(1) This issuance of convertible corporate bonds adopts an annual interest payment method, with the interest calculation starting from the issuance date of the convertible bonds.
(2) Interest Payment Date: The interest payment date each year is the anniversary of the issuance date of this issuance of convertible corporate bonds. If this day is a statutory holiday or rest day, it will be postponed to the next trading day, and no interest will be paid during the postponement period. The period between two consecutive interest payment dates is one interest calculation year.