Ginlong Technologies to list convertible bonds on Shenzhen Stock Exchange

Guohao Law Firm (Beijing) has issued a legal opinion confirming that Ningbo Ginlong Technologies Co., Ltd.'s 2025 public issuance of convertible corporate bonds for listing on the Shenzhen Stock Exchange meets all regulatory requirements. The issuance of 16,765,838 convertible bonds, totaling 1,676,583,800 yuan, received approval from the Shenzhen Stock Exchange Listing Committee on August 1, 2025, and the China Securities Regulatory Commission on September 19, 2025. The bonds, with a nominal value of 100 yuan per bond, will commence trading on November 6, 2025, under the ticker "Ginlong Convertible 02" (123259).

The issuance aims to raise 1,676,583,800 yuan, with net proceeds of 1,662,172,200 yuan after deducting issuance costs. These funds are allocated to projects including a distributed photovoltaic power station, high-voltage high-power grid-connected inverters, large-power hybrid energy storage inverters, an R&D center in Shanghai, digital intelligence upgrades, and working capital. The initial conversion price for the bonds is 89.82 yuan per share, and the conversion period will run from April 23, 2026, to October 16, 2031.

Guotai Haitong Securities, acting as the sponsor and lead underwriter, has confirmed that Ginlong Technologies meets the conditions for listing convertible bonds on the Shenzhen Stock Exchange's ChiNext board. The sponsor's due diligence found no false records, misleading statements, or significant omissions in the application documents.