Annual Report 2021

97 年報 2021 ANNUAL REPORT REPORT OF THE DIRECTORS 董事會報告書 關連人士交易 （續） 關連交易－根據特定授權發行可換股債券 及轉換可換股債券 （續） 訂立認購協議之原因是由於近期市場狀況為本 公司獲得資金以合理成本建設黃絲生產線、增 加其營運資金及鞏固其資本基礎及財務狀況提 供機遇，透過認購協議為本公司籌集額外資金 為合理的方法。此外，其將不會對現有股東的 股權產生即時攤薄影響及可換股債券項下的應 付利息較銀行貸款更為穩定及可預測。京西控 股作出的認購事項反映了首鋼基金對本集團長 期業務發展的信心及承諾，這將有利於本集團 的長期業務發展。 京西控股為首鋼基金的全資附屬公司，而首鋼 基金為首鋼集團的全資附屬公司。首鋼集團 為一名於認購協議日期前合共 906,719,179 股 股份（佔已發行股份總數約 47.15% ）中擁有權 益的控股股東，故京西控股為本公司的關連人 士。因此，認購事項構成本公司的關連交易， 並須遵守上市規則第 14A 章有關申報、公告及 獨立股東批准的規定。 於二零一九年二月十一日，認購協議項下之所 有先決條件均已獲達成，認購協議完成而本金 額為港幣 150,000,000 元的可換股債券已發行 予京西控股。 RELATED PARTY TRANSACTIONS (continued) Connected Transaction – Issue of the Convertible Bonds under Specific Mandate and Conversion of the Convertible Bonds (continued) The reason for entering into the Subscription Agreement as this is an appropriate means of raising additional capital of the Company considering the recent market conditions which represent an opportunity for the Company to obtain the funding at reasonable cost for construction of the brass wire production lines, enhance its working capital and strengthen its capital base and financial position. Also, it will not have an immediate dilution effect on the shareholding of the existing Shareholders and the interest payable under the Convertible Bonds is more stable and predictable than bank borrowing. The Subscription by Jingxi Holdings reflects the confidence and commitment of Shougang Fund towards the long-term business development of the Group which is beneficial to the long-term business development of the Group. Jingxi Holdings is a wholly owned subsidiary of Shougang Fund, which is in turn a wholly owned subsidiary of Shougang Group. Shougang Group is a controlling Shareholder interested in an aggregate of 906,719,179 Shares, representing approximately 47.15% of the total number of issued Shares before the date of the Subscription Agreement. Therefore, Jingxi Holdings is a connected person of the Company. Accordingly, the Subscription constitutes a connected transaction of the Company and is subject to the reporting, announcement and independent Shareholders’ approval requirements under Chapter 14A of the Listing Rules. On 11 February 2019, all conditions precedent under the Subscription Agreement have been fulfilled and the completion of the Subscription Agreement took place and the Convertible Bonds in the principal amount of HK$150,000,000 were issued to Jingxi Holdings.