Bond Code: 149103 SZ bond abbreviation: 20 Yangcheng 01 bond Code: 149104 SZ bond abbreviation: 20 Yangcheng 02 bond Code: 149208 SZ bond abbreviation: 20 Yangcheng 03 bond Code: 149256 SZ bond abbreviation: 20 Yangcheng 04 bond Code: 149363 SZ bond abbreviation: 21 Yangcheng 01 bond Code: 149545 SZ bond abbreviation: 21 Yangcheng 02 Yango Group Co.Ltd(000671)
Announcement on suspension and adjustment of trading methods of public issuance of corporate bonds
The company and all members of the board of directors guarantee that the information disclosed is true, accurate and complete without false records, misleading statements or major omissions.
On February 7, 2022, Yango Group Co.Ltd(000671) (hereinafter referred to as “the company” and ” Yango Group Co.Ltd(000671) “) received the announcement of Dongfang Jincheng International Credit Evaluation Co., Ltd. on reducing the credit rating of Yango Group Co.Ltd(000671) subject and related debts (Dongfang Jincheng announcement [2022] No. 0029) issued by Dongfang Jincheng international credit evaluation Co., Ltd. (hereinafter referred to as “Dongfang Jincheng”), Dongfang Jincheng lowered the company’s main credit rating from AA to BBB, with a negative rating outlook. At the same time, it lowered the credit ratings of “20 Yangcheng 01”, “20 Yangcheng 02”, “20 Yangcheng 03” and “21 Yangcheng 01” from AA to BBB.
According to the provisions of the notice of Shenzhen Stock Exchange on matters related to adjusting the trading mode of bonds during listing (SZS [2019] No. 166), upon the application of the company, “20 Yangcheng 01”, “20 Yangcheng 02”, “20 Yangcheng 03”, “20 Yangcheng 04”, “21 Yangcheng 01” and “21 Yangcheng 02” will be suspended for one trading day from the opening of the market on February 8, 2022, The trading will be resumed from the opening of the market on February 9, 2022. From the date of resumption, the above bond trading method will be adjusted to only adopt the agreed block trading method and maintain the original net price pricing method. The relevant information is hereby announced as follows:
1、 Basic information of bonds and changes in rating
(I) basic information of bonds
From April 23 to 24, 2020, the company issued corporate bonds (phase I) (variety I) (bonds referred to as “20 Yangcheng 01” and bond code “149103”) to qualified investors in 2020 and corporate bonds (phase I) (variety II) (bonds referred to as “20 Yangcheng 02” and bond code “149104”) to qualified investors in 2020; Issued Yango Group Co.Ltd(000671) 2020 corporate bonds (phase II) to QFII from August 21 to 24, 2020 (bonds referred to as “20 Yangcheng 03”, bond code “149208”); Issued Yango Group Co.Ltd(000671) 2020 special corporate bonds for Housing leasing to professional investors from October 13 to 14, 2020 (bonds referred to as “20 Yangcheng 04”, bond code “149256”); Issued Yango Group Co.Ltd(000671) 2021 corporate bonds (phase I) to QFII from January 21 to 22, 2021 (bonds referred to as “21yangcheng 01”, bond code “149363”); From July 9 to 12, 2021, Yango Group Co.Ltd(000671) 2021 corporate bonds publicly issued to qualified investors (phase II) (bonds referred to as “21 Yangcheng 02”, bond code “149545”) were issued. The details are as follows:
Bond abbreviation bond code issuance scale coupon rate issuance period value date
(100 million yuan) (current period) (year)
20 Yangcheng 01 149103 12 6.95% 2 + 2 April 24, 2020
20 Yangcheng 02 149104 8 7.30% 3 + 2 April 24, 2020
20 Yangcheng 03 149208 10 7.00% 2 + 2 August 24, 2020
20 Yangcheng 04 149256 8 6.67% 2 + 2 + 1 October 14, 2020
21 Yangcheng 01 149363 10 6.90% 2 + 2 + 1 January 22, 2021
21 Yangcheng 02 149545 10 7.30% 2 + 2 July 12, 2021
(II) name of rating agency making rating adjustment: Dongfang Jincheng International Credit Rating Co., Ltd
(III) time of rating adjustment: February 6, 2022
(IV) previous rating conclusion:
According to the announcement of Dongfang Jincheng International Credit Evaluation Co., Ltd. on reducing the credit rating of Yango Group Co.Ltd(000671) subject and related debts (Dongfang Jincheng announcement [2022] No. 0023) issued by Dongfang Jincheng on January 26, 2022, Dongfang Jchx Mining Management Co.Ltd(603979) use rating committee decided to reduce the credit rating of Yango Group Co.Ltd(000671) subject from AA + to AA, with a negative rating outlook, and “20 Yangcheng 01” “20 Yangcheng 02”, “20 Yangcheng 03” and “21 Yangcheng 01” were downgraded from AA + to AA.
(V) specific credit rating after adjustment: the company’s main credit rating is lowered from AA to BBB, and the rating outlook is negative. The credit ratings of “20 Yangcheng 01”, “20 Yangcheng 02”, “20 Yangcheng 03” and “21 Yangcheng 01” are lowered from AA to BBB.
(VI) main reasons for rating adjustment by rating agencies
In view of Yango Group Co.Ltd(000671) predicting a significant loss in net profit in 2021 and Yango Group Co.Ltd(000671) issuing an announcement that “21 Yango Group Co.Ltd(000671) mtn001” interest is not paid on schedule, Dongfang Jincheng has implemented irregular tracking rating according to relevant credit rating systems, The rating has been adjusted (for details, see the announcement of Dongfang Jincheng International Credit Evaluation Co., Ltd. on reducing the credit rating of Yango Group Co.Ltd(000671) subjects and related debts disclosed by Dongfang Jincheng on cninfo.com on the same day).
2、 Relevant arrangements for suspension and resumption of trading and adjustment of trading mode
According to the provisions of the notice of Shenzhen Stock Exchange on matters related to adjusting the trading mode of bonds during listing (SZS [2019] No. 166), upon the application of the company, “20 Yangcheng 01”, “20 Yangcheng 02”, “20 Yangcheng 03”, “20 Yangcheng 04”, “21 Yangcheng 01” and “21 Yangcheng 02” will be suspended for one trading day from the opening of the market on February 8, 2022, The trading will be resumed from the opening of the market on February 9, 2022. From the date of resumption, the above bond trading method will be adjusted to only adopt the agreed block trading method and maintain the original net price pricing method
After the adjustment of the above bond trading methods, only institutional investors among professional investors in line with the measures for the administration of the appropriateness of investors in the bond market of Shenzhen stock exchange can buy the bonds, and other investors holding the bonds can choose to sell or continue to hold them. Please pay attention to investment risks.
3、 Other matters
After verification, the above corporate bonds do not have any major matters that should be disclosed but not disclosed as stipulated in Chapter III of the Listing Rules of corporate bonds of Shenzhen Stock Exchange (revised in 2018), nor do they need to be suspended as stipulated in Chapter V.
It is hereby announced.
Yango Group Co.Ltd(000671) board of directors February 7, 2022
