Jiahua Energy (600273): Issuance Of Bonds (Phase I)

Zhejiang Jiaxing energy and chemical Limited by Share Ltd announcements on the issuance of non-public offering exchangeable corporate bonds (phase I) of controlling shareholders

The board of directors and all directors of the company guarantee that there is no false record, misleading statement or major omission in the contents of this announcement, and shall bear individual and joint liabilities for the authenticity, accuracy and completeness of its contents.

Zhejiang Jiahua energy chemical Limited by Share Ltd (hereinafter referred to as "company" or "Jiahua energy") has received notice from the Limited by Share Ltd of Zhejiang Jiahua group, the controlling shareholder of the company (hereinafter referred to as "Jiahua group"). The issue of the non-public issue of exchangeable corporate bonds (phase I) of Zhejiang Jiahua group in 2019 (hereinafter referred to as the "current bonds") has been completed. The details are as follows:

According to the letter No. 1 billion issued by the Shanghai Stock Exchange on the pfer of the debenture of the convertible bonds of the Zhejiang non public Development Bank of Zhejiang Jiahua group (Letter No. [2019]635 of the Shanghai Stock Exchange), the listing pfer conditions of the non-public issuance exchangeable corporate bonds conforming to the Shanghai stock exchange for the qualified investors, and the Shanghai stock exchange have no objection to the listing of the convertible bonds. This time the exchangeable corporate bonds with a total non-public offering of qualified investors are not more than $1 billion.

The issuance of bonds in this installment shall be issued within 12 months from the date of issuance of the letter and in accordance with the relevant documents submitted to the Shanghai stock exchange.

The letter will be valid for 12 months from the date of issue.

According to the prospectus issued by Limited by Share Ltd of Zhejiang Jiahua group in 2019, the issue of bonds issued by Jiaxing group is not more than 1 billion yuan, and the issue price is RMB 100 yuan per issue. It is issued under the net to the non-public offering of the investors.

The term of the current bond is 3 years. The initial change price is 11.50 yuan / share. The period of the stock exchange is from the date of the first trading day after the expiration of 6 months after the end of the current bond issue and the date from December 11, 2019 to the maturity date of the bond (if it is non trading day, then postponed to the next exchange day).

The issue of Jiaxi group's current bond issue ended in June 11, 2019, the actual issuance scale was 500 million yuan, the first year coupon rate was 3%, the second year coupon rate was 4%, and the third year coupon rate was 5%.

The company will promptly fulfill its obligation to disclose information according to the progress of the convertible bonds issued by Jiahua group, and invite investors to pay attention to investment risks.

Notice hereby.

Zhejiang Jiaxing energy chemical Limited by Share Ltd board

Two June 13th 19