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14 Fortune Bird: Guotai Junan Securities Co., Ltd. Interim Report on Entrusted Management of Fortune Bird Corporation 2014 Corporate Bonds

Time: January 9, 2020 23:01:31 China Finance
Original Title: 14 Fortune Bird: Guotai Junan Securities Co., Ltd. Interim Report on Trusteeship Management Affairs of 2014 Fortune Bird Company Bond
14 Rich Bird Bond Code:
122356




















Guotai Junan Securities Co., Ltd.About


Fugui bird co., Ltd.
2014 Corporate Bonds


Trustee Management Affairs Interim Report











Bond trustee




GTJA03
(Address: No. 618 Shangcheng Road, China (Shanghai) Pilot Free Trade Zone)



January 2020


Important statement





Guotai Junan Securities Co., Ltd. (hereinafter referred to as "
Guotai Junan
"

) The content and information for the preparation of this report are derived from public documents published by the issuer and relevant institutions,
Professional opinions from third-party intermediaries and information provided by the issuer and related institutions to Guotai Junan .

Guotai Junan
In accordance with the "Administrative Measures for the Issuance and Transaction of Corporate Bonds ", the "Code of Conduct for the Trustees of Corporate Bonds ",
This report was prepared in accordance with the relevant provisions of the 2014 Corporate Bond Bond Management Agreement.



This report does not constitute a recommendation for investors to conduct or not to perform certain acts. Investors should make independent judgments on related matters and should not use any content in this report as a commitment or statement made by Guotai Junan Securities.

Investors are kindly requested to seek the opinions of professional institutions independently. Under no circumstances should investors use this report as a basis for investment behavior.







Contents I. Approval of the Bonds
............
............
..............
4
Second, the main terms of the bond
............
............
..........
4
3. Risk warnings of Guotai Junan on the current bond
............
.....................
5
V. Contact information of the trustee
............
............
.......
6









One,
Approval of the Bonds


The bond was issued on
Year 2014
July
On the 15th, after the review and approval of the fourth meeting of the first board of directors
to
Year 2014
September
1 day issuer
The first extraordinary general meeting of shareholders was reviewed and approved in 2014.
2015
year
January
On the 5th, with the permission of the China Securities Regulatory Commission
[2015] No. 12 "approved,
The issuer is permitted to publicly issue to the public a total face value of not more than
800 million yuan in corporate bonds .



2015 year
April
22nd to
2015 year
April
24th,
Fortune Bird Co., Ltd. (hereinafter referred to as "
Issuer "

,
"
Wealthy Birds "

, "Rich Bird"

) Successful release
800 million yuan
2014 Corporate Bonds (hereinafter referred to as "
14 Rich Birds "

,
"
This bond "

).






two,
The main terms of the bond


1. Name of the bond:
Fugui bird co., Ltd.
2014 corporate bonds .



2. Total issued amount:
RMB
800 million yuan.



3. Bond maturity:
The term of this bond is
5 years, attached
At the end of 3 years, the issuer raised the coupon rate option and investor resale option.



4.
Bond interest rate:
The coupon rate of the bond was determined through negotiation between the issuer and the lead underwriter based on the inquiry result. Before the bond duration,
Fixed for 3 years, as
6.30%;
According to the issuer
2018 year
3
month
Published on the 22nd
Fortune Bird Co., Ltd. on "
"14 Fortune Bird" Announcement on the Implementation of the Method of Adjusting the Coupon Rate and the Investors' Resale Implementation Measures "
Some bonds that have not been resold after the duration
The 2-year coupon rate remains unchanged from the original coupon rate.

The coupon rate of the bonds adopts simple interest and annual interest payment, without compound interest.



5. Guarantee:
The issuer's chairman, Mr. Lin Heping, provided an irrevocable joint and several liability guarantee for the bond.



6.
Payment of principal and interest:
The issuer has
2016 year
April
22nd,
2017 year
April
On the 24th, the first and second interest-bearing years of the bond were redeemed, respectively; the issuer failed to meet the deadline
2018 year
4
month
The resale principal of this bond will be paid on the 23rd
RMB 650.2680 million and interest for the third interest payment year
5,040
Ten thousand yuan,
The bond constitutes a substantial default.




three,
Guotai Junan 's risk warning on the current bond


Guotai Junan as "
14 Rich Birds "

The trustees of the company continue to pay close attention to matters that have a significant impact on the rights and interests of bondholders, actively perform their duties as trustees, and fully protect the legitimate rights and interests of bondholders. According to the provisions and stipulations of the “Administrative Measures on the Issuance and Transaction of Corporate Bonds ”, the “Prospectus”, the “Debt Trust Management Agreement”, the “Rules for Meeting of Bondholders”, etc. The progress report is as follows:


2019
August
On the 23rd, the Quanzhou Intermediate People's Court (hereinafter referred to as "Quanzhou Intermediate Court") made (
2018) Fujian
05 broken
Civil ruling No. 4-5, ruling to terminate the reorganization procedure of Fuguiniao Co., Ltd.,
Declares issuer bankruptcy.

Upfront,
"Fugui Bird Co., Ltd. First Distribution Plan" (hereinafter referred to as "First Bankruptcy Property Distribution Plan")
It has been approved by the creditors' meeting in writing.



According to the insolvency representative
2020
January
The "Announcement on the First Allocation of Bankruptcy Property of Fortune Bird Co., Ltd." released on the National Enterprise Bankruptcy and Reorganization Case Information Network on the 7th, the main contents are as follows:


"
Quanzhou Intermediate People's Court
2020
January
Made 3 days (
2018) Min
05 broken
Civil Decision No. 4/8 on the "First Bankruptcy Property Distribution Plan"
Be recognized.

According to Article 116 of the Enterprise Bankruptcy Law,
"First Bankruptcy Property Distribution Plan"
Performed by the administrator.



According to the "First Bankruptcy Property Distribution Plan", the total amount of bankruptcy property used to pay bankruptcy expenses, mutual benefit debts and bankruptcy claims is
242,428,983.47 yuan, after deducting bankruptcy expenses and mutual benefit debts that should be paid and reserved in priority
112,359,283.42 yuan, deducting the employee's creditor's rights for priority settlement
63,282,025.69 yuan (including reservations), tax claims
6,135,999.45 yuan and other debts that may be preferentially paid, the remaining bankruptcy property
60,651,674.91 yuan is used to distribute or withdraw ordinary debts. The distribution ratio of employees' claims and tax claims is
100%, the settlement ratio of ordinary claims is
1.8096%. For the estimated creditor's right, the manager will deposit its compensation share according to law. "





The bondholders are requested to carefully read the relevant notices sent by the insolvency representative in the previous period, and send the payment and distribution related materials to the insolvency representative as soon as possible.
In order for the bankruptcy administrator to apply to the court for payment in a timely manner.

If the creditor fails to submit or the documents submitted do not meet the requirements,
The bankruptcy administrator will not be able to apply to the court for payment, and the adverse consequences will be borne by the creditors.






Guotai Junan will continue to strictly comply with laws and regulations such as the "Administrative Measures for the Issuance and Transaction of Corporate Bonds ", the "Shanghai Securities Exchange Corporate Bond Listing Rules", the "Code of Conduct for Corporate Bond Trustees' Practice," and the "Trusted Management" The provisions of the Agreement perform the fiduciary duties.






Contact information of the trustee


For the specific performance of the trustee, please consult the designated contact person of the trustee.



Guotai Junan Contact Information:


Qin Lihuan, Capital Market Department:
021-38674910,
qinlihuan013480@gtjas.com


Teng Qiang, Investment Bank Project Team:
0755-23976359,
tengqiang013484@gtjas.com



Ning Wenke:
0755-23976360,
ningwenke@gtjas.com


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Guotai Junan Securities Co., Ltd.
2014 Interim Report on Trusteeship Management of Corporate Bonds
Signature page)














Bond trustee:
Guotai Junan Securities Co., Ltd.


2020
January


9






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