abugarciacardinal3000s3| Kaizhong Co., Ltd.(603037.SH) plans to issue convertible bonds to raise no more than 308 million yuan for Nantong production base expansion projects

Zhitong Finance APP News, Kaizhong Shares (603037abugarciacardinal3000s3.SH) issued a plan to issue convertible corporate bonds to unspecified objects. This issuance of securitiesabugarciacardinal3000s3The type of shares is convertible into A shares of the companyabugarciacardinal3000s3Convertible corporate bonds. The total amount of funds raised from the issuance of convertible corporate bonds to unspecified objects shall not exceed 3abugarciacardinal3000s3.08 billion yuan (inclusive), and the net proceeds after deducting issuance expenses will be used to invest in the following projects:

1. The Nantong production base expansion project plans to invest 218 million yuan in raised funds;2. Supplementing working capital, and plans to invest 90 million yuan in raised funds.

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