Jiahua Energy (600273): Public Offering Of Convertible Bonds Expired

Jiahua energy (600273) announced on the evening of July 29 that after obtaining the approval of the CSRC, the company actively promoted the issuance of convertible bonds with intermediary agencies. However, due to the changes in the capital market environment and financing opportunity, the company failed to complete the issue of convertible bonds within 12 months (i.e. before July 29, 2021) from the date of approval of the CSRC, Therefore, the approval will automatically become invalid when it expires.

The project to be invested with the funds raised from the issuance of convertible bonds has been invested in the early stage through self owned funds and self raised funds, and has been put into operation successfully. Failure to complete the issuance of convertible bonds will not have a substantial impact on the company's project investment and production and operation activities.