1. Basic Information on This Issuance
1.1 Sponsoring Institution and Project Team Information
- Sponsoring Institution Name: Northeast Securities Co., Ltd.
- Sponsoring Representatives: Northeast Securities has authorized Cheng Jiguang, Cai Zhiming, and Yi Junjun (who has left) to act as sponsoring representatives for Tonhe Technology's issuance of convertible bonds to unspecified investors. The professional backgrounds of the sponsoring representatives are as follows:
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Cheng Jiguang: Male, Master's in Economics, sponsoring representative, non-practicing member of the Chinese Institute of Certified Public Accountants, previously employed at Ruihua Certified Public Accountants and Deloitte Huayong. He has been involved in IPO auditing and investment banking since 2013, participating in various IPO projects and refinancing projects.
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Cai Zhiming: Male, PhD in Engineering, intermediate accountant, sponsoring representative, currently the General Manager of the New Energy Department at Northeast Securities. He has led or participated in several projects, including stock issuances and financial advisory services.
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Yi Junjun (no longer with the company): Male, Master's in Industrial Economics, sponsoring representative, non-practicing member of the Chinese Institute of Certified Public Accountants, previously employed at Lixin Certified Public Accountants, involved in various IPO and merger projects.
1.2 Basic Information of the Issuer
- Chinese Name: 石家庄通合电子科技股份有限公司
- English Name: Shijiazhuang Tonhe Electronics Technologies Co., Ltd.
- Establishment Date: December 21, 1998
- Listing Date: December 31, 2015
- Company Type: Joint-stock company (listed, natural person investment or control)
- Unified Social Credit Code: 91130100700964396T
- Legal Representative: Ma Xiaofeng
- Registered Capital: RMB 175,673,149
- Registered Address: No. 350, Lijiang Road, High-tech Zone, Shijiazhuang
- Office Address: No. 350, Lijiang Road, High-tech Zone, Shijiazhuang
- Stock Listing Location: Shenzhen Stock Exchange
- Stock Abbreviation: 通合科技
- Stock Code: 300491
- Board Secretary: Feng Zhiyong
- Postal Code: 050035
- Website: www.sjzthdz.com
- Email: Investor@sjzthdz.com
- Phone Number: 0311-67300568
- Fax Number: 0311-67300568
1.3 Business Scope
General projects: Research and development of power distribution switch control equipment; R&D of motors and control systems; R&D of energy-efficient technologies in the power industry; technical services, development, consulting, exchange, transfer, and promotion; IoT technology R&D; manufacturing and sales of power distribution and control equipment; sales of charging piles; electric vehicle charging infrastructure operation; sales of new energy vehicle accessories; manufacturing of electrical equipment; and various other related activities.
1.4 Issuance Plan
- Type of Securities: The securities to be issued are convertible bonds that can be converted into the company's A-shares, which will be listed on the Shenzhen Stock Exchange.
- Issuance Scale: The total amount to be raised is capped at RMB 521.93 million, with an issuance of 5,219,327 bonds.
- Face Value and Issuance Price: Each convertible bond has a face value of RMB 100.00 and will be issued at face value.
- Bond Term: The term of the convertible bonds is six years from the date of issuance, from June 2, 2026 (T day) to June 1, 2032.
- Bond Interest Rate: The interest rates for the convertible bonds are as follows: Year 1: 0.2%, Year 2: 0.4%, Year 3: 0.6%, Year 4: 1.0%, Year 5: 1.5%, Year 6: 2.0%.
- Interest Payment Terms: Interest will be paid annually, with the principal and final year's interest returned at maturity.
1.5 Issuance Method and Target
- Issuance Method: The convertible bonds will be preferentially allocated to existing shareholders registered after the market closes on the record date (June 1, 2026, T-1 day). Any remaining bonds will be issued to the public through the Shenzhen Stock Exchange trading system.
- Target Investors: Existing shareholders and public investors holding securities accounts with the Shenzhen Stock Exchange, including individuals, legal entities, and qualified investors.