Stock Code: 301297 Stock Abbreviation: Ferrotec
Bond Code: 124025 Bond Abbreviation: Ferrotec Convertible Bonds
Anhui Ferrotec Technology Development Co., Ltd.
Trustee Management Report on Convertible Corporate Bonds Issued to Specific Targets
(2025 Annual)
Bond Trustee:
Orient Securities Company Limited
Guotai Haitong Securities Co., Ltd.
June 2026
Important Statement
This report is prepared by the bond trustees, Orient Securities Company Limited and Guotai Haitong Securities Co., Ltd. (hereinafter referred to as "Orient Securities," "Guotai Haitong," and "Trustee"), in accordance with the "Administrative Measures for the Issuance and Trading of Corporate Bonds," the "Rules for Issuance of Convertible Corporate Bonds to Specific Targets by Listed Companies for Asset Acquisition," the "Trustee Management Agreement for the 2025 Issuance of Convertible Corporate Bonds for Asset Acquisition by Anhui Ferrotec Technology Development Co., Ltd.," the "Report on the Issuance of Shares and Convertible Corporate Bonds for Asset Acquisition and Raising of Supporting Funds and Related Party Transactions of Anhui Ferrotec Technology Development Co., Ltd.," and the "2025 Annual Report of Anhui Ferrotec Technology Development Co., Ltd." The Trustee has not independently verified the information cited from the aforementioned documents and assumes no responsibility for the authenticity, accuracy, or completeness of such information.
This report does not constitute a recommendation for investors to engage in or refrain from any specific actions. Investors should make independent judgments and should not rely on any content in this report as a commitment or statement made by the Trustee. Under no circumstances shall the Trustee be held liable for any actions or omissions taken by investors based on this report.
Table of Contents
- Overview of the Bonds
(1) Issuance Details
(2) Registration of Targeted Convertible Bonds
(3) Specifics of Targeted Convertible Bonds
(4) Relevant Terms of Targeted Convertible Bonds
(5) Bond Rating Status
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Performance of Duties by the Bond Trustee
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Issuer's Operational and Financial Status
(1) Basic Information of the Issuer
(2) Issuer's Operational Status
(3) Issuer's Financial Status
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Use of Proceeds by the Issuer
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Analysis of the Effectiveness of Internal and External Credit Enhancement Mechanisms and Debt Repayment Safeguards
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Information on the Guarantor of the Bonds
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Convening of Bondholders' Meetings
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Issuer's Willingness and Ability to Repay Debts
(1) Issuer's Willingness to Repay Debts
(2) Analysis of Issuer's Debt Repayment Ability
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Interest Payment Status of the Bonds
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Other Matters Significantly Affecting the Rights and Interests of Bondholders
Definitions
In this report, unless the context otherwise requires, the following abbreviations have the following meanings:
| Term | Definition |
|---|---|
| This Transaction/This Restructuring/This Major Asset Restructuring | Anhui Ferrotec Technology Development Co., Ltd.'s proposed issuance of shares and convertible corporate bonds to acquire 100% equity of Jiangsu Ferrotec Semiconductor Technology Co., Ltd., and the proposed issuance of shares to no more than 35 specific targets to raise supporting funds |
| Company/Listed Company/Ferrotec | Anhui Ferrotec Technology Development Co., Ltd. (Stock Code: 301297) |
| Controlling Shareholder/Listed Company Controlling Shareholder/Shanghai Shenhe | Shanghai Shenhe Investment Co., Ltd. |
| Target Company/Transaction Target/Ferrotec/Ferrotec Shares | Jiangsu Ferrotec Semiconductor Technology Co., Ltd. |
| Target Assets/Assets Proposed for Acquisition | 100% equity of Jiangsu Ferrotec Semiconductor Technology Co., Ltd. |
| CSRC/China Securities Regulatory Commission | China Securities Regulatory Commission |
| SZSE | Shenzhen Stock Exchange |
| Yuan, Ten Thousand Yuan, Hundred Million Yuan | Unless otherwise specified, refers to RMB Yuan, RMB Ten Thousand Yuan, and RMB Hundred Million Yuan |
On June 27, 2025, the China Securities Regulatory Commission (hereinafter "CSRC") issued the "Reply on Approving the Registration of Anhui Ferrotec Technology Development Co., Ltd. for the Issuance of Shares and Convertible Corporate Bonds for Asset Acquisition and Raising of Supporting Funds" (Zheng Jian Xu Ke [2025] No. 1325).