HMT (Xiamen) New Technical Materials Co., Ltd announced a private placement of 10,500,000 convertible bonds at a price of CNY 100 per bond for the gross proceeds of CNY 1,050,000,000 on September 12, 2023. The bonds will be convertible into shares of the company at a conversion price of CNY 34.18 per share. The bond period of the convertible corporate bonds in this issuance starts 6 years after the issuance date, which is from September 14, 2023 to September 13, 2029.

The bonds interest rate for 6 years will be 0.30%, 0.50%, 1.00%, 1.50%, 1.80%, 2.00%. As a part of the transaction the company paid CNY 12,025,000 as underwriter and sponsorship fee, CNY 990,500 as legal fee, CNY 1,649,100 as accountant fees, CNY 471,700 as credit rating fee, CNY 398,600 as information disclosure and issuance handling fees.