Caitong Securities Co., Ltd. (hereinafter referred to as "Caitong Securities" or "Sponsor") is the sponsor for Zhejiang Yitian Intelligent Kitchen Appliances Co., Ltd. (hereinafter referred to as "Yitian Intelligent" or "Company") in its issuance of convertible bonds to unspecified objects and listing on the Growth Enterprise Market. In accordance with the "Regulations on the Management of Securities Issuance and Listing Sponsorship," "Shenzhen Stock Exchange Growth Enterprise Market Listing Rules," and "Shenzhen Stock Exchange Self-Regulatory Guidelines No. 2 - Standard Operation of Growth Enterprise Market Listed Companies," Caitong Securities has conducted a review of the company's decision not to redeem the "Yitian Convertible Bonds" early. The specific review details are as follows:
I. Basic Information on Convertible Bonds
(1) Issuance of Convertible Bonds
With the approval of the China Securities Regulatory Commission regarding the registration of Zhejiang Yitian Intelligent Kitchen Appliances Co., Ltd. to issue convertible bonds to unspecified objects (Approval No. [2023] 2601), the company issued 5,202,100 convertible bonds (hereinafter referred to as "Convertible Bonds") on December 21, 2023, with a par value of RMB 100 each, totaling RMB 52,021,000.
(2) Listing of Convertible Bonds
With the approval of the Shenzhen Stock Exchange (hereinafter referred to as "SZSE"), the company's convertible bonds will be listed and traded on the SZSE starting from January 12, 2024, under the bond name "Yitian Convertible Bonds" and bond code "123235."
(3) Conversion Period of Convertible Bonds
The conversion period for the "Yitian Convertible Bonds" will commence on the first trading day after six months from the end of the bond issuance (December 27, 2023, T+4 days) and will last until the maturity date of the bonds (December 20, 2029). If there are legal holidays or rest days, the period will be extended to the next trading day, and interest during the extension period will not accrue additional interest.