Securities Code: 301565
Securities Abbreviation: Zhonglun New Materials
Announcement No.: 2026-038
Zhonglun New Materials Co., Ltd.
Announcement on Prospectus for Issuance of Convertible Corporate Bonds to Unspecified Objects
Sponsor (Lead Underwriter): CITIC Securities Company Limited
The Company and the Board of Directors of the Company guarantee the truthfulness, accuracy, and completeness of the information disclosed, and have no false records, misleading statements, or material omissions.
Zhonglun New Materials Co., Ltd. (hereinafter referred to as the "Company" or "Zhonglun New Materials") plans to issue convertible corporate bonds to unspecified objects totaling RMB 106,800.00 million (hereinafter referred to as the "Current Issuance" or "Zhonglun Convertible Bonds"), which has obtained the approval and registration from the China Securities Regulatory Commission (CSRC) with document No. [2026] 1684.
The convertible corporate bonds to be issued to unspecified objects will be preferentially allocated to the Company's original shareholders registered at the close of the equity registration date, and the remaining portion after the original shareholders' preferential allocation (including the portion abandoned by original shareholders) will be issued to public investors through the Shenzhen Stock Exchange (hereinafter referred to as the "SZSE") trading system.
The full text of the prospectus for the Zhonglun Convertible Bonds to be issued to unspecified objects and related materials can be found on the Juchao Information Network (www.cninfo.com.cn).
I. Basic Information of the Current Issuance
(I) Type of Securities to be Issued
The type of securities to be issued is convertible corporate bonds that can be converted into the Company's shares. These convertible corporate bonds and the shares to be converted in the future will be listed on the ChiNext market of the Shenzhen Stock Exchange.
(II) Issuance Scale
The total amount of funds to be raised by the current issuance of convertible bonds is RMB 106,800.00 million, with an issuance volume of 10,680,000张.
(III) Face Value and Issue Price
The face value of each convertible corporate bond to be issued is RMB 100, and it is issued at par.
(IV) Bond Term
The term of the convertible corporate bonds to be issued is six years from the date of issuance, i.e., from August 6, 2026, to August 5, 2032 (if the date falls on a statutory holiday or rest day, it will be postponed to the first trading day thereafter; interest will not be accrued during the postponed period).
(V) Bond Interest Rate
The coupon rate for the convertible bonds to be issued is set as follows: 0.20% for the first year, 0.40% for the second year, 0.60% for the third year, 1.00% for the fourth year, 1.50% for the fifth year, and 2.00% for the sixth year.
Within five trading days after the maturity of the convertible corporate bonds to be issued, the Company will redeem the convertible corporate bonds that have not been converted at a price of 110% of their face value (including the last period's interest).
(VI) Repayment and Interest Payment Period and Method
The convertible corporate bonds to be issued will be calculated and paid on a simple annual interest basis, with principal repaid in a lump sum at maturity. Interest will be paid annually based on the outstanding bond balance, and the last interest payment will be made along with the outstanding principal.
- Calculation of Annual Interest
Annual interest refers to the current interest that holders of convertible corporate bonds can receive for every full year from the issuance date of the convertible corporate bonds, based on the total face value of the convertible corporate bonds they hold.
The formula for calculating annual interest is: I = B × i
Where: I: Annual interest amount;
B: The total face value of convertible corporate bonds held by the holder of convertible corporate bonds on the interest payment registration date in the calculation year (hereinafter referred to as "current year" or "annual");
i: The annual coupon rate of the convertible corporate bonds for the current year.