Anhui Yingliu Electromechanical to issue $150m in convertible bonds

Anhui Yingliu Electromechanical Co., Ltd. has received approval from the China Securities Regulatory Commission (CSRC) to issue convertible corporate bonds totaling $150,000,000. The convertible bonds, with a face value of $100 per bond, will be issued in 1,500,000 lots of 10 bonds each, totaling 15,000,000 bonds. Huatai United Securities Co., Ltd. is the designated sponsor and lead underwriter for this offering.

Existing shareholders of record as of September 18, 2025 (T-1 day) will be given priority in subscribing to the new convertible bonds, with a priority allocation ratio of 0.002209 lots per share. The subscription period for both priority allocation and online public offering is scheduled for September 19, 2025 (T day), from 9:30-11:30 and 13:00-15:00. The allocation code for priority subscription is "753308," while the online public offering code is "754308." Investors must ensure sufficient funds for priority subscription, while no upfront payment is required for the online public offering.

The offering will employ an underwriting mechanism, with the lead underwriter committed to purchasing any unsubscribed portion, up to a maximum of 30% of the total issuance, or $45,000,000. If the total subscription amount falls below 70% of the offering, the issuer and lead underwriter may choose to halt the issuance.