On April 18, 2022, Meijin Energy issued the Prospectus for Public Issue of Convertible Bonds (the "Prospectus").
The Prospectus states that Meijin Energy intends to issue 35,900,000 convertible bonds with a face value of RMB100 each, and the total amount of the convertible bonds to be issued is RMB3.59 billion. The funds raised, after deducting issuance costs, are intended to be used for investment in the following projects.
(A) Shanxi Meijin Huasheng New Chemical Materials Co., Ltd.
1、Project name: Shanxi Meijin Huasheng New Chemical Materials Co., Ltd.
2, project implementation location: Shanxi Qingxu Economic Development Zone in the Qingxu fine chemical recycling industrial park
3、Project implementation subject: Shanxi Meijin Huasheng New Chemical Materials Co., Ltd.
4、Project construction content: The company intends to build 3.85 million tons of coking and its extension projects in Shanxi Qingx Economic Development Zone to replace the existing backward production capacity and realize the annual production capacity of 3.85 million tons of coke, 300,000 tons of ethylene glycol, 155,000 tons of LNG, 60,000 tons of sulfuric acid, 2,000Nm3/h of industrial high-purity hydrogen in Phase I and 10,000Nm3/h of industrial high-purity hydrogen in Phase II. To achieve the purpose of extending the industrial chain, improving the utilization rate of coal and enhancing the production efficiency of the company, as well as to meet the requirements of the national and Shanxi provincial industrial policies on the coking industry
5、Total project investment: The total investment of the project is 873,708.93 million yuan, including fixed assets investment of 737,505.62 million yuan and paved working capital of 136,203.31 million yuan
6. Amount of funds to be raised: RMB 219,000.00 million
7、Project construction period: 36 months
(B) Hydrogen fuel cell power system and hydrogen fuel commercial vehicle parts production project (Phase I)
1、Project name: Hydrogen fuel cell power system and hydrogen fuel commercial vehicle parts production project (Phase I)
2、Project implementation location: Xiahe Industrial Park, Jinzhong Development Zone, Shanxi Comprehensive Reform Demonstration Zone
3、Project implementation body: Shanxi Meijin Hydrogen Energy Technology Co., Ltd.
4、Project construction content: The company intends to build a hydrogen fuel cell power system and hydrogen fuel commercial vehicle parts production project (Phase I) in Jinzhong Economic and Technological Development Zone of Shanxi Comprehensive Reform Demonstration Zone. After completion, it will have the production capacity of 10,000 sets of hydrogen fuel cell power system, 500,000 KW hydrogen fuel cell power stack and 10,000 hydrogen fuel commercial vehicle parts. The project is the first phase of the project, with an annual production capacity of 5,000 sets of hydrogen fuel cell power systems and 500,000 KW hydrogen fuel cell reactors, as well as office, R&D, common power and other related facilities.
5、Total project investment: The investment amount of the first phase of the project is RMB 1,524,285,000
6. Amount of funds to be raised: RMB 60,000.00 million
7、Project construction period: 24 months
