Huafa Industrial raises 4.8 bn yuan in convertible bond issuance

Huafa Industrial Zhuhai has successfully issued 4.8 bn yuan in convertible corporate bonds to 15 specific investors. The issuance, completed on September 29, 2025, received approval from the China Securities Regulatory Commission (CSRC) and the Shanghai Stock Exchange, with the bonds listed on the Shanghai Stock Exchange. The initial conversion price is 7.06 yuan per share.

The net proceeds from the issuance, after deducting underwriting and other related expenses, amounted to 4,723,143,283.13 yuan. This capital infusion is expected to strengthen the company’s financial position and support its core business operations and strategic expansion. The issuance involved several financial institutions as joint sponsors and underwriters, including Sinolink Securities, Huajin Securities, and China International Capital Corporation (CICC).

The transaction will not alter the company's total share capital before conversion, but full conversion would increase it to 3,432,038,758 shares, potentially impacting the shareholder structure. The company confirmed that the issuance complied with relevant laws and regulations, and there are no changes to the controlling shareholder or actual controller.