Novoray Corporation gets CSRC approval for convertible bond issuance

Jiangsu Novoray New Materials Co., Ltd. (Novoray Corporation) recently announced it has obtained approval from the China Securities Regulatory Commission (CSRC) for the registration of its application to issue convertible corporate bonds to unspecified investors. The approval permits the company to move forward with this issuance.

The company is authorized to issue convertible corporate bonds to unspecified investors, and the issuance must strictly adhere to the application documents and issuance plan submitted to the Shanghai Stock Exchange. This approval is valid for 12 months from the date of registration.

Novoray Corporation has committed to handling all related matters within the scope of authorization granted by its shareholders and will diligently fulfill its information disclosure obligations as per relevant regulations and requirements, keeping investors informed of progress and associated risks.