300663SZSE
🚨 Material Event

CITIC Securities Co., Ltd. Report on the Third Interim Custodianship Management Affairs for Beijing KeLan Software System Co., Ltd.'s Issuance of Convertible Bonds in 2026

Client Service International, Inc.··6 pages

✨ AI Summary

This report details the downgrade of Beijing KeLan Software System Co., Ltd.'s credit rating to A-sti by Oriental Golden Credit Rating Co., Ltd. The downgrade is attributed to factors including reduced revenue, losses, and issues with internal controls. CITIC Securities, as the custodian, is monitoring the situation to protect bondholder interests.

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Full Translation

AI Translation· gemini_document

CITIC Securities Co., Ltd. is the custodian for KeLan Software's issuance of convertible bonds to unspecified targets (bond abbreviation: KeLan Convertible Bond, bond code: 123157). We continuously monitor matters that have a significant impact on the rights and interests of bondholders. In accordance with the "Administrative Measures for the Issuance and Trading of Corporate Bonds," the "Code of Conduct for Custodians of Corporate Bonds," and other relevant regulations, the "Custodianship Agreement" for this convertible bond, and the issuer's relevant announcements, we hereby report on major matters concerning this convertible bond:

I. Issuance and Conversion of This Convertible Bond

The plan and related matters for the issuance of convertible bonds to unspecified targets were reviewed and approved at the 43rd meeting of the Second Board of Directors of Beijing KeLan Software System Co., Ltd. (hereinafter referred to as "the Company," "KeLan Software," or "the Issuer") on May 28, 2021, and approved at the Second Extraordinary General Meeting of Shareholders in 2021 on June 16, 2021.

On December 8, 2021, the Company convened the Second Meeting of the Third Board of Directors, which adjusted the plan for the public issuance of convertible corporate bonds to unspecified targets, reducing the total amount of funds to be raised to no more than RMB 494.60 million.

As approved by the China Securities Regulatory Commission's "Approval on the Registration of Beijing KeLan Software System Co., Ltd.'s Issuance of Convertible Corporate Bonds to Unspecified Targets" (Securities Regulatory License [2022] No. 1567), the Company issued 4.946 million convertible corporate bonds to unspecified targets, with each bond having a face value of RMB 100, for a total fundraising amount of RMB 494.60 million. After deducting issuance-related expenses of RMB 8,984,650.93 (excluding VAT), the net proceeds from the fundraising amounted to RMB 485,615,349.07. The capital verification for the aforementioned fundraising was completed by Dahua Certified Public Accountants (Special General Partnership) and a "Capital Verification Report" (Dahua Verification Certificate [2022] No. 000614) was issued on September 5, 2022.

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