Fujian Funeng details convertible bond issuance plans for October

Fujian Funeng Co., Ltd. (SSE:600483) is issuing convertible corporate bonds totaling CNY 3.802 billion, with each bond valued at CNY 100. The issuance prioritizes existing shareholders for preferential allocation, with the remaining bonds offered to the general public via online subscription.

The subscription period for both existing shareholders and the general public is scheduled for October 13, 2025, from 9:30-11:30 and 13:00-15:00. Existing shareholders will use the allocation code "704483" ("Funeng Convertible Bond Allocation"), while public investors will use "733483" ("Funeng Convertible Bond Issuance"). Each subscription unit is 10 bonds (CNY 1,000), with a maximum subscription of 1,000 units (CNY 1 million) per account for public investors.

Should the total subscription amount fall below 70% of the total issuance or if the final payment received is less than 70%, the issuer and lead underwriters may decide to halt the issuance. Any unsubscribed portion will be fully underwritten by the joint lead underwriters, with a maximum underwriting commitment of 30% of the total issuance, or CNY 1.1406 billion.