Stock Abbreviation: Fengmao Shares
Stock Code: 301459
Zhejiang Fengmao Technology Co., Ltd.
(No. 22 Jinfeng Road, Yuyao City, Zhejiang Province)
Summary of the Prospectus for Issuance of Convertible Corporate Bonds to Unspecified Targets
Sponsor (Lead Underwriter)
Orient Securities Company Limited
(Orient Securities Building, No. 119 South Zhongshan Road, Huangpu District, Shanghai)
August 2026
Statement
The China Securities Regulatory Commission (CSRC) and the exchange do not guarantee the truthfulness, accuracy, or completeness of the application documents and disclosed information, nor do they make substantive judgments or guarantees regarding the issuer's profitability, investment value, or investor returns. Any statement to the contrary is a false representation.
According to the Securities Law, after the securities are issued in accordance with the law, the issuer is solely responsible for changes in its operations and earnings. Investors shall independently judge the investment value of the issuer, make their own investment decisions, and bear the investment risks arising from changes in the issuer's operations and earnings or fluctuations in securities prices after the issuance.
Important Matters Notice
- Explanation on Compliance with Issuance Conditions
In accordance with the Securities Law, the Administrative Measures for the Issuance of Securities by Listed Companies, the Administrative Measures for Convertible Corporate Bonds, and other relevant laws and regulations, the company's issuance of convertible bonds to unspecified targets complies with the statutory issuance conditions.
- Credit Rating of the Convertible Corporate Bonds
The convertible corporate bonds have been rated by China Chengxin International. According to the Credit Rating Report for the Issuance of Convertible Corporate Bonds to Unspecified Targets by Zhejiang Fengmao Technology Co., Ltd. issued by China Chengxin International, the issuer's main credit rating is AA-, with a stable outlook, and the credit rating for these convertible bonds is AA-. During the duration of these bonds (until the agreed payment date of principal and interest), China Chengxin International will conduct at least one follow-up rating annually. If the credit rating is lowered due to external operating environments, the company's own situation, or changes in rating standards, it will increase investment risks and affect investor interests.
- Guarantee Matters for the Convertible Corporate Bonds
These convertible corporate bonds are not guaranteed. If events significantly negatively affecting the company's operations and debt repayment capacity occur during the duration of the bonds, the risks associated with these convertible bonds may increase due to the lack of a guarantee.
- Profit Distribution Policy and Post-Listing Profit Distribution
(1) Company Profit Distribution Policy
In accordance with the Company Law, the Securities Law, and the Regulatory Guidelines for Listed Companies No. 3—Cash Dividends of Listed Companies, and combined with the company's actual situation, the company has further improved the profit distribution policy in the Articles of Association to strengthen the investor return mechanism. The current profit distribution policy in the Articles of Association is as follows:
- Profit Distribution Principles
The company focuses on long-term and sustainable development, considers the actual situation and development goals of the enterprise, and establishes a continuous, stable, and scientific return plan and mechanism for investors, thereby making institutional arrangements for dividend distribution to ensure the continuity and stability of the dividend policy. The annual profit distribution plan is formulated within the scope of cumulative distributable profits.
The shareholder return plan fully considers and listens to the opinions of shareholders (especially public investors) and independent directors. The company's profit distribution shall not exceed the scope of cumulative distributable profits and shall not impair the company's ability to continue operations.
- Methods of Profit Distribution
The company distributes dividends in the form of cash, stocks, a combination of cash and stocks, or other methods permitted by laws and regulations, with priority given to cash dividends.