Ginlong Technologies completes convertible bond issuance, secures strong shareholder support

Ningbo Ginlong Technologies has announced the results of its public issuance of convertible corporate bonds, "Jinlang Zhuan 02." The total offering amounted to 1,676,583,800 yuan, with each bond valued at 100 yuan. Existing shareholders exercised their priority rights, subscribing to 12,445,074 bonds, or 1,244,507,400 yuan, representing 74.23% of the total issuance.

The remaining bonds, including those not taken up by existing shareholders, were offered to the public online. Online investors subscribed to 4,246,791 bonds, totaling 424,679,100 yuan. However, 73,969 bonds, worth 7,396,900 yuan, were forfeited by online investors.

Guotai Haitong Securities, acting as the lead underwriter, fully covered the forfeited online subscriptions and an additional four bonds resulting from rounding, totaling 73,973 bonds with a value of 7,397,300 yuan, representing 0.44% of the total issuance. The proceeds, after deducting underwriting fees, will be transferred to Ginlong Technologies by October 23, 2025.