Capital Raising & Securities Announcements

Wankai New Materials Co., Ltd. has completed the disposal of a 0.73% equity stake in its investee, Lingxin Qiaoshou (Beijing) Technology Co., Ltd., for a total consideration of 99.6 million RMB. This transaction aligns with the company's strategy to realize investment gains while maintaining a long-term outlook on the target company. Following this disposal, the company and its subsidiary retain a combined 2.98% equity interest in Lingxin Qiaoshou.

Shengde Xintai announced that its convertible bonds may trigger a downward adjustment of the conversion price. The stock price has fallen below 85% of the conversion price for ten consecutive trading days. The company will convene a board meeting to decide on the adjustment. Investors are advised to be aware of investment risks.

Guangzhou Hangxin Aviation Technology Co., Ltd. announces the fourteenth notice regarding the early redemption of its convertible bonds. The redemption date is July 8, 2026, with a redemption price of 102.885 yuan per bond. Bondholders are urged to convert their bonds before the deadline to avoid losses due to the significant difference between the market price and redemption price.

ZQ-Health proposes to lower the conversion price of its convertible bonds due to the stock price falling below 85% of the current conversion price for at least 15 out of 30 consecutive trading days. The proposal requires shareholder approval, with the new price not lower than the average trading price of the preceding 20 and 1 trading days.

Suzhou Huaya Intelligent Technology Co., Ltd. announces the fourth notice regarding the early redemption of its convertible bonds, "Huaya Convertible Bonds." The redemption date is July 9, 2026, with a redemption price of 101.011 RMB per bond. Bondholders are urged to convert their bonds into shares before the deadline to avoid potential losses due to price differences.

Shanxi Huhua Group Co., Ltd. announces that its application for issuing A shares to specific objects has been approved by the SZSE. The company has updated and revised the prospectus and other application documents. The issuance is still subject to CSRC registration, and the final approval and timing are uncertain.

The company's stock price has triggered the condition for lowering the conversion price of its convertible bonds. The board of directors has proposed to lower the conversion price from 11.16 yuan/share to a new price, subject to shareholder approval. This move aims to support the company's long-term development and protect investor interests.

Guangdong Hongchuan Smart Logistics Co., Ltd. announces it will not lower the conversion price of its "Hongchuan Convertibles" despite triggering the condition. The stock price has fallen below 90% of the conversion price for 15 out of 30 trading days. The company cited its long-term development value and confidence in its intrinsic value as reasons for this decision.

Shenzhen Keli Industrial Co., Ltd. announces the results of its "Keli Convertible Bonds" redemption. A total of 63,336 bonds were redeemed at a price of 101.405 RMB per bond, totaling 6,422,587.08 RMB. The redemption was triggered by the stock price exceeding 130% of the conversion price for 15 trading days. The bonds will be delisted from the SZSE on June 24, 2026.

Shenzhen Keda Industrial Co., Ltd. announces the delisting of its convertible bonds ("Keli Convertible Bonds") due to full redemption. The redemption price is 101.405 yuan per bond. The delisting date is June 24, 2026. This action is expected to have no significant impact on the company's financial status or operations.

Guangdong Xianglu Tungsten Co., Ltd. is issuing A-shares to no more than 35 specific investors to raise up to 490.84 million RMB. The proceeds will primarily fund the production of ultra-fine tungsten alloy wire for photovoltaics and supplement working capital. This issuance is subject to regulatory approval and will not result in a change of control. The company has implemented measures to mitigate the dilution of immediate returns for existing shareholders.

Xianglu Tungsten Industry announced an update to its application documents for a private share offering. The Shenzhen Stock Exchange's listing review center has approved the application. The company has updated its prospectus and related documents, which are available on CNINFO. The offering still requires CSRC registration.

This report is the 2025 Trustee Management Report for the "Kingdomway Convertible Bonds" (Code: 127111) issued by Xiamen Kingdomway Group Company. It outlines the bond's primary terms, including a 1.292 billion RMB issuance, a six-year maturity, and specific interest rates. The report confirms that the issuer has complied with relevant disclosure obligations and that no guarantees were provided for this issuance.

Yibin Tianyuan Group Co., Ltd. announces that its second amended draft plan for issuing shares to specific objects in 2026 has been approved by Yibin Development Holding Group Co., Ltd. The plan involves raising no more than RMB 478.8 million by issuing no more than 96,144,578 shares. This approval is a significant step towards the share issuance.

Yibin Tianyuan Group plans to issue shares to specific objects to raise funds not exceeding RMB 478.8 million. The funds will be used to repay bank loans and supplement working capital, aiming to optimize the capital structure, reduce the asset-liability ratio, and enhance risk resistance. The controlling shareholder, Yibin Development, will subscribe, reinforcing control and boosting market confidence.

Yibin Tianyuan Group Co., Ltd. announced the disclosure of the second draft amendment to its proposal for issuing shares to specific objects in 2026. This follows multiple board meetings and a shareholder meeting that reviewed and approved the proposal and its adjustments. The disclosure does not signify approval from regulatory bodies, and the plan requires further review and registration.

This announcement details revisions to Yibin Tianyuan Group Co., Ltd.'s plan for issuing shares to specific objects. Key changes include adjustments to the pricing benchmark date, issuance price, and issuance quantity. The company aims to refine the issuance terms based on market conditions and regulatory requirements.

Shanghai New Peng Industrial Co., Ltd. announces its plan to acquire 49% equity in its subsidiary, Shanghai New Peng United Auto Parts Co., Ltd., from Shanghai Saikeli Auto Parts Technology Co., Ltd. via public bidding. The base price is RMB 336.14 million. This acquisition will make the subsidiary wholly owned, with no change to the consolidated financial statements.

Shenzhen Great Wall Innovation Technology Co., Ltd. is issuing A shares to specific objects via a simplified procedure to raise RMB 108.5 million. The funds will support the R&D and industrialization of embedded storage products, aligning with national policy and enhancing core competitiveness. This issuance aims to strengthen capital, optimize structure, and boost market competitiveness.

Shenzhen Dawei Innovation Technology Co., Ltd. announced the revised draft plan for issuing A shares to specific objects by simplified procedures in 2026. The plan was approved by the board of directors and disclosed on CNINFO. The issuance is subject to SZSE review and CSRC registration. Investors should be aware of investment risks.

Dawei Technology has revised its 2026 A-share issuance plan following the results of the competitive bidding process. The updates include adjustments to the issuance object, price, quantity, and the issuer's R&D progress. These revisions were approved by the Board of Directors on June 22, 2026, and do not require further shareholder approval. The issuance remains subject to review by the Shenzhen Stock Exchange and registration with the CSRC.

Beijing Shiji Information Technology Co., Ltd. announces that the Shenzhen Stock Exchange Merger and Acquisition Review Committee will hold a meeting on June 29, 2026, to review the company's issuance of shares to acquire a 13.50% equity stake in Shenzhen Sixun Software Co., Ltd. The transaction is subject to approval and registration by the SZSE and CSRC.

This announcement details the adjustment of the conversion price for "Guo Wei Convertible Bonds" from RMB 97.30 to RMB 96.99 per share, effective June 30, 2026. The adjustment is due to a cash dividend distribution by Ziguang Guoxin Microelectronics Co., Ltd.

This announcement reminds holders of Kehua Convertible Bonds about the upcoming maturity date of July 27, 2026. Key details include the redemption price of 106 yuan per bond and the last trading day being July 22, 2026. Holders can still convert bonds to stock until July 27, 2026.

Guangzhou Guanghe Technology Co., Ltd. announced its board of directors approved a proposal for issuing convertible bonds to unspecified targets. The proposal and related documents are available on the SZSE website. The issuance is subject to shareholder approval, SZSE review, and CSRC registration. Investors are advised to be aware of investment risks.

Guangzhou Delton Technology Co., Ltd. proposes to issue convertible bonds to unspecified objects to raise funds for its business development. The issuance aims to expand business scale, enhance comprehensive strength, and improve profitability. The company meets the regulatory requirements for such an issuance, including financial stability and operational capacity.

Guangdong Yangshan United Precision Manufacturing Co., Ltd. announced its preliminary plan for issuing shares to specific objects by simplified procedures in 2026. The plan was approved by the board of directors and disclosed on the CNINFO website. The effectiveness of the issuance is subject to review and approval by the Shenzhen Stock Exchange and registration with the China Securities Regulatory Commission. Investors are advised to be aware of investment risks.

Guangdong Yangshan United Precision Manufacturing Co., Ltd. proposes a targeted private placement of A-shares to raise no more than RMB 200 million. Funds will be used for the South China Headquarters Base construction and compressor core component production line expansion. This aims to enhance market competitiveness, optimize capital structure, and support business development.

Dazhong Mining Co., Ltd. announced an adjustment to the conversion price of its convertible bonds ("Dazhong Convertible Bonds"). The conversion price was adjusted from RMB 10.76 per share to RMB 10.56 per share, effective June 30, 2026, due to a cash dividend distribution.

Anhui Zhongding Sealing Parts Co., Ltd. announced that its application to issue convertible corporate bonds to unspecified targets has been approved by the Shenzhen Stock Exchange Listing Committee. The application meets the issuance and listing conditions. The company still needs to obtain registration approval from the China Securities Regulatory Commission.

Guoyuan Securities announces that its major shareholder, Jian'an Investment Holding Group, has adjusted the conversion price of its exchangeable bonds due to a dividend distribution. The conversion price has been lowered from 9.66 yuan/share to 9.56 yuan/share, effective June 26, 2026. This adjustment is in accordance with the terms of the bond issuance.

This report details regulatory issues faced by Shanxi Meijin Energy Co., Ltd. regarding the use of raised funds and internal controls. The company received a warning letter and administrative penalty for improper cash management, inadequate special account management, and flawed insider information registration. These actions violated listing rules and regulatory guidelines, with specific individuals held responsible. The company is required to rectify these issues and submit a report.

China Energy Solar Co., Ltd. announces the suspension of conversion for its "Taineng Convertible Bonds" (bond code: 127108) from June 25, 2026, until the equity registration date for the 2025 annual equity distribution. Conversion will resume on the first trading day after the registration date. This is due to the company's upcoming 2025 profit distribution.

Shandong Expressway Bridge Group Co., Ltd. announces the temporary suspension of conversion for its Shanlu Convertible Bonds (127083) from June 24, 2025, to July 23, 2025, due to the company's 2025 annual equity distribution. This measure is to protect bondholders' rights.

Huafu Securities, as custodian, reports on Guangzhou Yuexiu Capital's amendment to its information disclosure management system. The amendment, approved by the board, complies with regulations and the company's articles of association. It is not expected to negatively impact the company's operations, solvency, or investor rights.

Industrial Securities, as trustee, reports on Guangzhou Yuexiu Capital's amendment to its information disclosure management system. The amendment aligns with laws and regulations and has passed board approval. It does not negatively impact the company's operations, solvency, or stakeholder rights. Investors are advised to note related risks.

This announcement details the resumption of conversion for Wenshi Convertible Bonds following the company's 2025 annual equity distribution. The conversion period was temporarily suspended from June 15, 2026, and will resume on June 24, 2026, the first trading day after the equity registration date. Investors are advised to pay attention to this resumption.

Zhejiang Zhucheng Technology Co., Ltd. announces progress on selling its 20% stake in Dejia Automotive Electronics (Wuxi) Co., Ltd. to Wuxi Zhenhua Auto Parts Co., Ltd. for RMB 50 million. The transaction is subject to closing conditions and may not be completed. The company will continue to disclose further developments.

This report provides a 2026 follow-up credit rating for Joy City Property Ltd. The company maintains an AAA issuer credit rating with a stable outlook, supported by its strong brand in commercial real estate and adequate land reserves. However, the report notes ongoing pressure on sales, settlement, and profitability, alongside weakened leverage indicators and persistent funding requirements. The rating reflects the company's ability to navigate market challenges despite current financial constraints.

Xiamen Jiarong Technology Co., Ltd. announced that its application documents for issuing shares to purchase assets and raise supporting funds have been accepted by the Shenzhen Stock Exchange. The transaction involves acquiring 100% of Hangzhou Luran Technology Co., Ltd. The acceptance is a procedural step, and the transaction still requires further review and registration.

China Lianhe Credit Rating has maintained the AAA long-term credit rating for Hebei Construction & Investment Group Energy Investment Co., Ltd. and its relevant bonds, with a stable outlook. The company maintains a strong regional competitive advantage as a major energy investment entity in Hebei province. Despite a year-on-year decline in revenue, the company shows stable operations, low business risk, and strong refinancing capabilities supported by its controlling shareholder.

This report is the 2025 annual trustee management report for bonds issued by Tianshan Materials Co., Ltd., managed by CITIC Securities. It confirms the status of the "24 Tianshan K1" and "24 Tiancai K3" bonds as of June 30, 2026. The report provides details on bond terms, interest payments, and the issuer's compliance status during the reporting period. It serves as a formal disclosure to investors regarding the trustee's oversight activities.

China Lianhe Credit Rating Co., Ltd. has affirmed Huaxi Securities Co., Ltd.'s long-term credit rating at AAA with a stable outlook. The rating applies to the company and its various bonds, including "23 Huagu 03" and "25 Huagu K1". The affirmation reflects the company's strong shareholder background, regional competitiveness, and solid financial performance, despite potential external environmental impacts.

Changjiang Securities Co., Ltd. announces the listing of its 2026 Senior Publicly Issued Subordinated Bonds (Phase II) on the Shenzhen Stock Exchange starting June 23, 2026. The bonds will be traded among institutional investors via various methods. Key terms include a 5-year term, a fixed annual interest rate of 1.94%, and a face value of 100 yuan.

This announcement informs investors that Jinpu Convertible Bonds will cease conversion on June 22, 2026, with the last half trading day on June 23, 2026. Unconverted bonds will be mandatorily redeemed at 100.062 yuan per bond. Investors are urged to convert or face potential losses due to the significant difference between market and redemption prices.

This announcement from Zhejiang Jiemei Electronic Technology Co., Ltd. informs holders that the last day to convert "Jiemei Convertible Bonds" into shares is June 22, 2026. The bonds will be compulsorily redeemed on June 23, 2026, at 101.266 yuan per bond. Investors are urged to convert or face potential losses due to the significant difference between market and redemption prices.

This announcement details the winning numbers for Jin Sanjiang's convertible bond issuance. It outlines the process for online investors who have won, emphasizing the need for sufficient funds for settlement by T+2. The announcement also covers procedures for potential issuance suspension and the underwriter's standby commitment.

Guangzhou Hangxin Aviation Technology Co., Ltd. announces the thirteenth reminder regarding the early redemption of its convertible bonds, "Hangxin Convertible Bonds." The redemption date is July 8, 2026, at a price of 102.885 yuan per bond. Bondholders are urged to convert their bonds before the deadline to avoid mandatory redemption and potential losses due to market price discrepancies.

Suzhou Huaya Intelligent Technology Co., Ltd. is issuing its third notice regarding the early redemption of its convertible bonds, "Huaya Convertible Bonds." The redemption date is July 9, 2026, at a price of 101.011 RMB per bond. Bondholders are urged to convert their bonds into shares before the deadline to avoid potential losses.

Beijing Zhenzhen Technology Co., Ltd. plans to purchase IT equipment and spare parts not exceeding RMB 380 million. The board of directors has authorized the general manager to handle the procurement. This transaction is not a major asset restructuring and does not constitute a related party transaction. The company expects no significant negative impact on its operations.