Statement of the Issuer
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The Company and the entire Board of Directors guarantee that the content of this proposal is true, accurate, and complete, and that there are no false or misleading statements or material omissions. They shall bear individual and joint legal responsibility for the truthfulness, accuracy, and completeness of the content of this proposal.
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After the completion of this issuance of convertible bonds to unspecified targets, the Company shall be responsible for changes in its operations and earnings; investors shall be responsible for investment risks arising from this issuance of convertible bonds to unspecified targets.
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This proposal is the explanation of the Board of Directors regarding the issuance of convertible bonds to unspecified targets. Any statement to the contrary is a false statement.
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Investors with any questions should consult their stockbroker, lawyer, professional accountant, or other professional advisor.
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The matters described in this proposal do not represent the substantive judgment, confirmation, approval, or registration of the matters related to the issuance of convertible bonds to unspecified targets by the review and registration authorities. The effectiveness and completion of the matters related to the issuance of convertible bonds to unspecified targets described in this proposal are subject to the approval of the Company's shareholders' meeting, review by the Shenzhen Stock Exchange for issuance and listing, and registration with the China Securities Regulatory Commission, and will ultimately be subject to the plan registered with the China Securities Regulatory Commission.
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Any content in this proposal involving investment benefits or performance forecasts does not constitute a commitment by the Company to any investor or related party. Investors and related parties should understand the difference between plans, forecasts, and commitments and pay attention to investment risks.
Special Notes
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The method of issuing securities in this offering is: issuance of convertible corporate bonds of A shares to unspecified targets.
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The relevant matters of this issuance have been deliberated and approved by the tenth meeting of the third Board of Directors of the Company. This issuance is subject to approval by the Company's shareholders' meeting, review by the Shenzhen Stock Exchange, and registration with the China Securities Regulatory Commission before it can be implemented.
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The total amount of capital to be raised by the Company in this issuance shall not exceed RMB 60,905.38 million (inclusive). After deducting issuance expenses, the raised funds will be invested in the following projects:
| Project No. | Project Name | Total Project Investment (RMB million) | Proposed Investment from Raised Funds (RMB million) |
|---|---|---|---|
| 1 | Intelligent Manufacturing and Industrialization Project for High-Performance Rare Earth Permanent Magnet Components for Thermal Management Systems and Robots | 49,729.37 | 45,905.38 |
| 2 | Supplementing Working Capital | 15,000.00 | 15,000.00 |
| Total | 64,729.37 | 60,905.38 |
Note: The proposed investment from raised funds for each fundraising project does not include the amount already invested in projects prior to the resolution of the Board of Directors for this issuance.