Pioneer Precision Technology announced that the 9th meeting of the second board of directors of the company deliberated and passed a bill relating to the issuance of convertible corporate bonds to unspecified targets. The total amount of convertible bonds to be issued is 750 million yuan, with a term of 6 years and an initial conversion price of 86.40 yuan/share. Priority placement is given to the original shareholders, and the original shareholders give priority to the sale online with the after-sale balance. After the issuance is completed, the company will apply for the listing of convertible bonds on the Science and Technology Innovation Board. At the same time, it will open a special fund raising account and sign a regulatory agreement.

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