[China Chemical] Announcement on Applying to Cancel the Issuance of Second Domestic Unsecured Convertible Bonds
China Chemical & Pharmaceutical Co., Ltd. (China Chemical) announced its intent to apply to the Financial Supervisory Commission to cancel its plan to issue second domestic unsecured convertible bonds. This decision, attributed to recent market conditions and stock price fluctuations, is aimed at protecting shareholder interests and aligning with its capital planning. The bond issue was capped at NT$600 million, and the company states the cancellation will have no significant impact on its finances or operations.
📋 Article Processing Timeline
- 📰 Published: May 20, 2026 at 09:00
- 🔍 Collected: May 21, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: May 21, 2026 at 08:53 (53 min after Collected)
1. Date of Occurrence: 2026/05/20
2. Original Announcement Date: 2025/12/10
3. Brief Description of Original Announcement: Announcement of the Board of Directors' resolution to issue second domestic unsecured convertible bonds.
4. Reason for Change and Main Content:
(1) The Company's application to issue second domestic unsecured convertible bonds, up to 6,000 units with a face value of NT$100,000 each for a total maximum amount of NT$600,000,000, was approved for filing via letter Jin-Guan-Zheng-Fa-Zi No. 1140369068 on January 14, 2026. The offering period was subsequently extended to July 13, 2026, via letter Jin-Guan-Zheng-Fa-Zi No. 1150338556 on March 30, 2026.
(2) Due to recent market environment and stock price changes, the Company has re-evaluated and adjusted this fundraising plan. To protect shareholder rights and align with capital deployment planning, the Company intends to apply to the Financial Supervisory Commission to cancel the case for the Company's second domestic unsecured convertible bonds.
5. Impact on Company's Finances and Business After Change:
No significant impact. The original intended use of funds was to repay bank loans, which will be covered by other bank loans or internal funds, to be repaid early or by the original loan maturity date.
6. Other Matters to be Disclosed: None.
2. Original Announcement Date: 2025/12/10
3. Brief Description of Original Announcement: Announcement of the Board of Directors' resolution to issue second domestic unsecured convertible bonds.
4. Reason for Change and Main Content:
(1) The Company's application to issue second domestic unsecured convertible bonds, up to 6,000 units with a face value of NT$100,000 each for a total maximum amount of NT$600,000,000, was approved for filing via letter Jin-Guan-Zheng-Fa-Zi No. 1140369068 on January 14, 2026. The offering period was subsequently extended to July 13, 2026, via letter Jin-Guan-Zheng-Fa-Zi No. 1150338556 on March 30, 2026.
(2) Due to recent market environment and stock price changes, the Company has re-evaluated and adjusted this fundraising plan. To protect shareholder rights and align with capital deployment planning, the Company intends to apply to the Financial Supervisory Commission to cancel the case for the Company's second domestic unsecured convertible bonds.
5. Impact on Company's Finances and Business After Change:
No significant impact. The original intended use of funds was to repay bank loans, which will be covered by other bank loans or internal funds, to be repaid early or by the original loan maturity date.
6. Other Matters to be Disclosed: None.