Zhongke Magnetic Industry: Plans to issue no more than 609 million yuan in convertible bonds for rare earth permanent magnet projects.

Zhongke Magnetic Industry announced that the company plans to issue convertible corporate bonds to unspecified entities, with a total fundraising amount not exceeding 609 million yuan. After deducting issuance costs, the funds are intended for the intelligent manufacturing and industrialization projects of high-performance rare earth permanent magnet components for thermal management systems and robots, as well as to supplement working capital. This issuance has been approved by the company's third board of directors at its tenth meeting, but it still requires approval from the shareholders meeting, review by the Shenzhen Stock Exchange, and registration by the China Securities Regulatory Commission before it can be implemented.