江苏本川智能电路科技股份有限公司向不特定对象发行可转换公司债券网上发行中签率及优先配售结果公告——投资者详细解读

一、报告要点概览

• 江苏本川智能电路科技股份有限公司（简称“本川智能”）成功完成46,900.00万元可转换公司债券（简称“本川转债”）的发行。
• 原股东优先配售占比高达84.18%，控股股东及其一致行动人认购约32.49%。
• 社会公众投资者网上申购中签率极低，仅为0.0008384085%。
• 本次发行未出现包销比例超30%的风险情形，发行流程顺利。
• 具体上市时间将另行公告。

二、详细发行情况与对投资者的意义

本次可转债发行遵循《证券法》、《上市公司证券发行注册管理办法》等法律法规，并由东北证券股份有限公司作为保荐人（主承销商）组织实施。关键事项如下：

• 发行规模与价格：本次发行总额为46,900.00万元，共469.00万张，每张面值100元，全部按面值发行。
• 优先配售结果：原股东优先配售3,948,199张，占84.18%。其中，控股股东、实际控制人与其一致行动人合计认购1,523,831张，占发行总量的32.49%。这显示公司管理层及大股东对公司未来的高度信心，有助于稳定市场情绪。
• 网上发行部分：社会公众投资者最终获配741,800张，占比15.82%，中签率极低，为0.0008384085%。网上申购总量高达884.77亿张，显示市场对本次转债极度关注和热捧。
• 认购与弃购机制：投资者若中签后未足额缴款，相关责任自负，且一年内累计三次弃购将6个月内不得参与新股及可转债申购。弃购部分由主承销商包销，包销比例原则上不超过30%，最大包销额为14,070.00万元。本次实际包销量为1张，发行风险极低。
• 申购流程与注意事项：本次发行已经完成，所有申购者请关注2026年4月21日的中签号码公告。中签者每个中签号可认购10张（即1,000元）本川转债。
• 上市时间：本川转债的上市时间将另行公告，投资者需持续关注相关信息。

三、对股东和投资者的重要提示（潜在价格敏感信息）

• 大股东高度认购：控股股东及其一致行动人高比例认购，表明对公司前景信心，或正面影响市场预期和公司估值。
• 市场需求极旺盛：极低的中签率显示市场对公司可转债高度认可，若后续可转债转换为股票，可能带来股本扩张及市场关注度提升。
• 风险提示：若未来出现因特殊原因导致发行失败或包销比例超限，公司将依规定公告并择机重启发行，但本次未出现此类风险。
• 资金用途及公司发展：建议投资者关注后续募集资金使用情况及相关项目进展，这将影响公司未来业绩和估值。

四、后续信息获取与联系方式

• 投资者可通过巨潮资讯网（http://www.cninfo.com.cn）查阅本次发行的详细资料及募集说明书。
• 公司及保荐人联系方式已公开，便于投资者进一步咨询。

五、总结

本川智能本次可转债发行获得市场高度认可，原股东及控股股东大比例认购，市场申购踊跃，中签率极低，显示投资者信心充足。此举或将对公司股价形成积极支撑，后续需关注可转债上市表现及资金使用情况。

免责声明：本文内容仅为基于公开信息的整理和解读，不构成任何投资建议。投资有风险，决策请谨慎。如需详细投资建议，请咨询专业人士。

English version:

Jiangsu Benchuan Convertible Bonds Issuance Results & Allotment—In-depth Investor Review

1. Key Highlights

• Jiangsu Benchuan Intelligent Circuit Technology Co., Ltd. (“Benchuan Intelligent”) successfully completed its RMB 469 million convertible bonds offering.
• Priority allotment to existing shareholders was as high as 84.18%; controlling shareholder and concerted parties took up about 32.49%.
• Public investors’ online lottery winning rate was extremely low at only 0.0008384085%.
• No underwriting risk event occurred; the process went smoothly.
• Convertible bond listing date to be announced separately.

2. Detailed Issuance Results & Implications for Investors

• Size and Pricing: Total size is RMB 469 million (4.69 million bonds, RMB 100 each, at par).
• Priority Allotment: Existing shareholders subscribed 3,948,199 bonds (84.18%). The controlling shareholder and parties acting in concert took 1,523,831 bonds (32.49%), showing high confidence in the company outlook and supporting price stability.
• Public Online Subscription: Public investors allocated 741,800 bonds (15.82%), with a minuscule winning rate of 0.0008384085%. Total online requested amount reached 88.48 billion bonds, reflecting tremendous market interest.
• Payment and Forfeiture Mechanism: Investors who fail to pay after winning bear the consequences—including being barred from new issues for 6 months after 3 failures in a year. Unsubscribed portions are underwritten by the lead manager, up to a maximum of 30% (RMB 140.7 million). This time, only one bond needed underwriting—signaling very low risk.
• Lottery and Follow-up: All subscribers should check results on April 21, 2026. Each winning number can buy 10 bonds (RMB 1,000).
• Listing Date: To be announced separately—investors should stay alert for updates.

3. Key Shareholder/Investor Considerations (Potential Price Sensitive Information)

• High Commitment from Major Shareholders: Substantial subscription from controlling shareholders signals long-term confidence—likely positive for market sentiment and valuation.
• Strong Market Demand: Extremely low winning rate suggests enormous investor appetite, which could translate into price support and higher attention when the bonds list and convert.
• Risk Factors: No underwriting or issuance failure risk this round. If such issues arise in the future, the company will disclose and may relaunch within the approval period.
• Use of Funds & Company Growth: Investors are advised to monitor how the raised funds are used and the progress of related projects, as these will impact performance and valuation.

4. Additional Information

• See http://www.cninfo.com.cn for the full prospectus and details.
• Issuer and sponsor contact info is disclosed for further queries.

5. Summary

Benchuan’s convertible bond issue was strongly supported by both existing and public investors, with overwhelming demand and a high commitment from controlling shareholders. This event could underpin the share price. Investors should watch for further company disclosures and the use of proceeds.

Disclaimer: This article is an interpretation based on public information and does not constitute investment advice. Investment involves risk; please consult a professional advisor for specific guidance.

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