Fangda Special Steel Manuals

Fangda Special Steel Convertible Corporate Bond Prospectus (Application Draft)

This document is the application draft prospectus (申报稿) of Fangda Special Steel Technology Co., Ltd. for a public issuance of convertible corporate bonds to unspecified investors. The cover page lists the company's stock abbreviation 方大特钢, its stock code 600507 and its address in the Nanchang High-tech Industrial Development Zone, and names the sponsor and lead underwriter. The dated cover indicates May 2023.

The extracted pages contain the statement section, the important matters notice and the risk factors. These cover the credit rating assigned by China Securities Pengyuan Credit Rating Co., Ltd. (issuer rating AA+ with a stable outlook, and the same AA+ rating for the bonds), the fact that the bonds carry no guarantee, and detailed risks related to the convertible bonds themselves — dilution of earnings per share and return on net assets, failure to convert, price volatility, rating changes, interest rates, payment of principal and interest, and uncertainty over the downward revision clause for the conversion price. Risks concerning the issuer include environmental protection policy, steel product price fluctuation, raw material and fuel cost fluctuation, and falling demand from downstream industries such as real estate, infrastructure and automobiles. This manual is written in Chinese.

Covers: 声明 · 重大事项提示 · 关于本次可转换公司债券发行符合发行条件的说明 · 关于本次发行的可转换公司债券的信用评级 · 可转换公司债券本身相关的风险 · 发行人的其他风险