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china economic net, beijing, september 23rd. bailong chuangyuan (605016.sh) released a plan to issue convertible corporate bonds to unspecified objects on september 21st. the total amount of funds raised from the issuance of convertible corporate bonds to unspecified objects is no more than rmb 780,000,000 (including principal). after deducting relevant issuance expenses, the raised funds are intended to be invested in the following projects: thailand's big health new food raw material smart factory project, functional sugar drying expansion and comprehensive improvement project, and new food raw material application international r&d center project.

the type of securities issued this time is convertible corporate bonds that can be converted into the company's a-shares. the convertible bonds and the a-shares converted in the future will be listed on the shanghai stock exchange. the par value of each convertible bond issued this time is rmb 100 and is issued at par. the term of the convertible bonds issued this time is 6 years from the date of issuance.

the total amount of funds to be raised from the convertible bonds to be issued this time shall not exceed rmb 780,000,000 (including the principal amount). the specific amount of funds to be raised shall be determined within the above-mentioned amount upon authorization by the company's general meeting of shareholders to the board of directors and the board of directors to delegate authorization to the chairman or his designated person.

the method for determining the face interest rate of the convertible bonds issued this time and the final interest rate level for each interest calculation year will be determined by the company's board of directors and the chairman or his designated person in consultation with the sponsor (lead underwriter) before issuance based on national policies, market conditions and the company's specific circumstances after the company's shareholders' meeting approves and authorizes the issuance of this convertible bond.