Fengmao Co., Ltd. announced that the board of directors of the company reviewed and approved a plan to further clarify the issuance of convertible corporate bonds to unspecified targets, with a total issuance of 608 million yuan, a period of 6 years, and an initial share conversion price of 35.59 yuan/share. The original shareholders' priority placement date and online subscription date is August 18. Priority is given to online distribution of after-sales balances. The company will also apply for the listing of convertible bonds, set up a special account to raise capital, and sign a regulatory agreement.

Fengmao Co., Ltd. announced that the board of directors of the company reviewed and approved a plan to further clarify the issuance of convertible corporate bonds to unspecified targets, with a total issuance of 608 million yuan, a period of 6 years, and an initial share conversion price of 35.59 yuan/share. The original shareholders' priority placement date and online subscription date is August 18. Priority is given to online distribution of after-sales balances. The company will also apply for the listing of convertible bonds, set up a special account to raise capital, and sign a regulatory agreement.