20 Haiguo 03 (163651): Report on the temporary trust management of corporate bonds regarding changes in directors and general managers of Beijing Haidian District State-owned Capital Operation Co., Ltd. – CFi.CN China Finance Network

Original title: 20海国03: Report on the temporary trusteeship management of corporate bonds regarding changes in directors and general managers of Beijing Haidian District State-owned Capital Operation Co., Ltd.

Report on the temporary trust management of corporate bonds regarding changes in directors and general managers of Beijing Haidian District State-owned Capital Operation Co., Ltd. Bond abbreviation: 20 Haiguo 02 Bond code: 163260.SH Bond abbreviation: 20 Haiguo 03 Bond code: 163651.SH Trustee: CITIC Securities Co., Ltd. April 2024

Important statement

This report is based on the “Measures for the Administration of Corporate Bond Issuance and Transactions”, “Code of Conduct for Corporate Bond Trustees” and “Beijing Haidian District State-owned Capital Operation and Management Center’s Bond Trusteeship Agreement for Public Issuance of Corporate Bonds in 2019” (hereinafter referred to as “Bond “Trust Management Agreement”) and other relevant information disclosure documents and Beijing Haidian District State-owned Capital Operation Co., Ltd. (formerly “Beijing Haidian District State-owned Capital Operation and Management Center”, hereinafter referred to as the “Company”, “Issuer” and “Haiguo Operation” ), the relevant explanatory documents and information provided by the trustee are prepared by the trustee, China Securities Co., Ltd. (hereinafter referred to as “China Securities” or the “trustee”). The content and information of this report compiled by CITIC Securities are derived from the materials or instructions provided by the issuer.

This report does not constitute a recommendation for investors to take or not take a certain action. Investors should make independent judgments on relevant matters and should not rely on any content in this report as a commitment or statement made by CITIC Securities. Under no circumstances may this report be used for any other purpose without the written permission of CITIC Securities.

1. Basic information on corporate bonds
On March 12, 2020, the 2020 public issuance of corporate bonds (second phase) by the Beijing Haidian District State-owned Capital Operation and Management Center was completed. The bond is referred to as “20 Haiguo 02”, with an issuance scale of 3 billion yuan and a coupon rate of 3.10%. The term is 5 years, with the issuer’s coupon rate adjustment option and the investor’s sell-back option at the end of the third year. Since March 12, 2023, the issuer has adjusted the coupon rate to 4.40%; as of the date of this report, the existing scale of “20 Haiguo 02” is 3 billion yuan.

On July 31, 2020, the 2020 public issuance of corporate bonds (third phase) by the Beijing Haidian District State-owned Capital Operation and Management Center was completed. The bond is referred to as “20 Haiguo 03”, with an issuance scale of 1 billion yuan and a coupon rate of 3.80%. The term is 5 years, with the issuer’s coupon rate adjustment option and the investor’s sell-back option at the end of the third year. Since July 31, 2023, the issuer has adjusted the coupon rate to 3.30%; as of the date of this report, the existing scale of “20 Haiguo 03” is 1 billion yuan.

2. Major matters
(1) Basic situation of personnel changes
1. Basic information of the original employees
Before this personnel change, the members of Haiguo’s operating board of directors were Wu Binfeng (chairman), Yan Mingxia, Liang Jian, and Chai Lujuan (employee directors), and the general manager position was temporarily vacant.

2. Reasons and basis for personnel changes and related decision-making situations
Recently, the company received the “Approval for Beijing Haidian District State-owned Capital Operation Co., Ltd. to adjust the company’s directors” and agreed to add Pan Ouyang Rui as a member of the company’s board of directors. After the change, the board members are Wu Binfeng (chairman), Pan Ouyang Rui, Yan Mingxia, Liang Jian, Chai Lujuan (employee directors). After deliberation and approval at the 104th extraordinary meeting of the company’s first board of directors, it was agreed to appoint Pan Ouyang Rui as the company’s general manager.

3. Basic information of new employees
Pan Ouyang Rui, male, born in October 1984, Han nationality, MBA student at Tsinghua University, has served as general manager and secretary of the strategic investment department of Beijing Haidian District State-owned Assets Investment and Operation Co., Ltd., and deputy director of Beijing Zhongguancun Science City Innovation Development Co., Ltd. General Manager, currently the Operations Director and General Manager of Haiguo.

4. Procedures required for personnel changes and their implementation
The market supervision registration and filing work related to this personnel change is in the process of being implemented.

(2) Impact analysis
This job change is a normal change of personnel. Its setting is in compliance with the Company Law and other relevant laws and regulations and the company’s articles of association. It will have no significant adverse impact on the company’s daily management, production operations and debt solvency. The company, all directors, supervisors, senior managers or persons performing equivalent duties and relevant information disclosure obligors promise that the information disclosed is true, accurate, complete and timely, and will fulfill subsequent information disclosure obligations in accordance with relevant regulations.

CITIC Securities will pay close attention to the issuer’s repayment of principal and interest on the above-mentioned bonds and other matters that have a significant impact on bondholders, and strictly follow the “Code of Conduct for Corporate Bond Trustees”, “Bond Trusteeship Agreement” and other provisions or Agree to perform the duties of the bond trustee.

Investors are hereby reminded to pay attention to the risks associated with the above-mentioned bonds and are asked to make independent judgments on relevant matters.

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