Sponsoring Institution and Report Overview
Sponsoring Institution Name: Minmetals Securities Co., Ltd.
Sponsoring Institution Number: 91440300723043784M
On August 21, 2023, the China Securities Regulatory Commission (CSRC) approved the registration of Shenzhen Xince Standard Technology Service Co., Ltd. for the issuance of convertible bonds to unspecified objects (Approval Document [2023] No. 1895). The company issued convertible bonds on November 9, 2023, raising a total of RMB 545,000,000.00, with an issuance of 5.45 million bonds, each with a face value of RMB 100, issued at face value, with a term of 6 years.
As of November 15, 2023, the total amount raised from the public issuance of convertible bonds was RMB 545,000,000.00. After deducting the underwriting fees (excluding VAT) of RMB 6,641,509.43, the net proceeds from this public issuance of convertible bonds amounted to RMB 538,358,490.57. The lead underwriter, Minmetals Securities Co., Ltd., transferred the raised funds into the company's designated accounts at the following banks on November 15, 2023:
- RMB 150,000,000.00 to the special account at Industrial Bank, Nanshan Branch (Account No.: 337120100100429582)
- RMB 200,000,000.00 to the special account at Agricultural Bank of China, Shenzhen Technology Park Branch (Account No.: 41003200040061510)
- RMB 188,358,490.57 to the special account at Ningbo Bank, Shenzhen Technology Park Branch (Account No.: 73160122000384089)
All raised funds were transferred in RMB. The total amount raised was RMB 545,000,000.00, and after deducting underwriting fees, legal fees, audit fees, credit rating fees, and other issuance expenses (excluding VAT input tax) totaling RMB 11,435,736.86, the net amount raised from this issuance was RMB 533,564,263.14. The status of the raised funds has been verified by Lixin Certified Public Accountants (Special General Partnership), which issued Verification Report No. [2023] ZE10638.
Minmetals Securities Co., Ltd. (hereinafter referred to as "Minmetals Securities" or "Sponsor") has fulfilled its continuous sponsorship responsibilities for Shenzhen Xince Standard Technology Service Co., Ltd.'s issuance of convertible bonds to unspecified objects, which will last until December 31, 2025. The continuous sponsorship period has now expired.
Sponsorship Commitment
- The content of this sponsorship summary report and supporting documents does not contain false records, misleading statements, or significant omissions. The sponsoring institution and the sponsoring representative bear legal responsibility for their authenticity, accuracy, and completeness.
- The institution and I voluntarily accept any inquiries and investigations by the China Securities Regulatory Commission (hereinafter referred to as "CSRC") regarding the matters related to this sponsorship summary report.
- The institution and I voluntarily accept regulatory measures taken by the CSRC in accordance with the relevant provisions of the "Administrative Measures for Sponsorship of Securities Issuance and Listing."