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JunHe Assists Jiangsu Yuxing Film Technology in its Issuance of Convertible Corporate Bonds


Jiangsu Yuxing Film Technology Co., Ltd. (Yuxing with stock code: 300305) recently issued RMB 600 million worth of convertible corporate bonds (bond symbol 123144) on the Shenzhen Stock Exchange (this Issue). The proceeds from this Issue will be used for the construction of a production line of high-end functional BoPET film (with an annual output of 500 million square meters), the construction of a production line of BoPET film for special solar backing materials (with an annual capacity of 28,000 tons), and supplemental working capital.

Jiangsu Yuxing Film Technology Co., Ltd. (“YXFT”) is engaged in the research and development, manufacturing and sale of medium-thickness special functional BoPET films and is one of the largest manufacturers in China. YXFT offers a wide range of functional BoPET film with a thickness range of 50-500μm which have excellent stability, insulation, heat resistance, weather resistance and optical properties. It is widely used in areas such as solar backing materials, electronic & electrical insulation, telecommunications and the textile machinery industry. YXFT also has core technologies in the R&D and manufacturing of functional BoPET film for solar photovoltaic, electro-optical, electrical insulation, textile machinery and other industry fields. It is a qualified BoPET film supplier for many brand companies in sectors such as solar backing materials, electrical insolation, and consumer electronic materials.

JunHe assisted the client throughout the Issue, including (but not limited to) conducting legal due diligence, issuing lawyer’s work reports, legal opinions and other documents, reviewing the prospectus and the other filing documents, and drafting replies to responses from the regulatory authorities. JunHe’s team efficiently communicated and cooperated with the client and the other intermediaries, successfully obtaining approval of the Issue from CSRC. JunHe maintained its efficient, meticulous professionalism and won recognition and praise from the client and the other intermediates.

This project was led by partner CHEN, Xunan and undertaken by partners CHEN, Xunan and SHEN, Na. Partner SHI, Tiejun and associate LIU, Xin were responsible for the internal review.

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