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17 Dongxing 02: The Second Temporary Entrusted Management Report of Dongxing Securities Co., Ltd. Corporate Bonds in 2020

Time: January 9, 2020 23:01:47 Zhongcai
Original Title: 17 Dongxing 02 : Dongxing Securities Co., Ltd. Corporate Bonds Second Temporary Trusteeship Management Report for 2020


Bond code: 143135 Bond abbreviation: 17 Dongxing 02

Bond code: 143136 Bond abbreviation: 17 Dongxing 03

Bond code: 145185 Bond abbreviation: 17 Dongxing F2



Dongxing Securities Co., Ltd.

Public issuance of 2017 corporate bonds (variety one)

Public issuance of 2017 corporate bonds (variety 2)

Non-public Issuance of Corporate Bonds 2017 (Second Phase)

2020 Second Interim Trusteeship Management Report




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Issuer:


Dongxing Securities Co., Ltd.


(Registered Address: Financial Street, Xicheng District, Beijing
5
No. (Xinsheng Building)
12
,
15
Floor)


Bond Trustee:





111
(Address: Dongcheng Genshang Street, Qingyang District, Chengdu
Number 95)


January 2020



statement


This report is based on the "Administrative Measures for the Issuance and Transaction of Corporate Bonds "
"
Dongxing Securities Co., Ltd.'s public offering to qualified investors
Corporate Bond Prospectus 2017
,
"
Dongxing Securities Co., Ltd.
Non-public issuance of corporate bonds in 2017 (
Second Issue) Prospectus
(Hereinafter referred to as "
Prospectus "

),
"
Dongxing Securities Co., Ltd.'s public offering to qualified investors
2016 Corporate Bond (Second Phase) Bond Trust Management Agreement
,
"
Non-public offering of Dongxing Securities Co., Ltd.
2016 Bond Trust Management Agreement for Corporate Bonds
(Hereinafter referred to as "
Trustee Management Agreement "

) And other relevant regulations, public information disclosure documents, professional opinions issued by third-party intermediaries,
Dongxing Securities Co., Ltd. (hereinafter referred to as "
Issuer "

or"
the company"

) Issued by the bond trustee of the National Bond Securities Co., Ltd. (hereinafter referred to as ""
IFC Securities
"

or"
Trustee "

)prepared by.

The contents and information of this report prepared by China National Securities are derived from the materials or instructions provided by the issuer.



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

This report may not be used for any other purpose without the written permission of Guojin Securities .














































Section 1 Basic Situation of Issuer Bonds


I. Basic information of "17 Dongxing 02"

1. Approval document and approval scale: As approved by China Securities Regulatory Commission Securities Regulatory Commission [2017] No. 327 document, Dongxing Securities Co., Ltd. is permitted to publicly issue to the qualified investors a total face value of no more than 24.00
100 million corporate bonds .


2. Bond name: Dongxing Securities Co., Ltd. issues 2017 corporate bonds to qualified investors
Coupon (variety one).


3. Bond short name and code: The bond short name is "17 Dongxing 02" and the code is 143135.


4. Issuance scale: The issue size of "17 Dongxing 02" is 1.5 billion yuan, and the balance of bonds is 1.5 billion yuan.


5. Bond maturity: The bond maturity is 3 years.


6. Bond interest rate: The coupon rate of the current bond is 4.80%. Single interest is used to calculate the annual interest, excluding compound interest.


7. Guarantee: The bonds are unsecured.


8. Credit rating: The credit rating agency for this bond is United Credit Rating Co., Ltd. (hereinafter referred to as "Union Rating"), which issued a follow-up rating report on June 20, 2019 (Union [2019] 1294
Number), the issuer's long-term credit rating is "AAA", and the debt credit rating is "AAA".


Second, the basic situation of "17 Dongxing 03"

1. Approval document and approval scale: As approved by China Securities Regulatory Commission Securities Regulatory Commission [2017] No. 327 document, Dongxing Securities Co., Ltd. is permitted to publicly issue to the qualified investors a total face value of no more than 24.00
100 million corporate bonds .


2. Bond name: Dongxing Securities Co., Ltd. issues 2017 corporate bonds to qualified investors
Coupons (variety two).


3. Short name and code of the bond: The short name of the bond is "17 Dongxing 03" and the code is 143136.


4. Issuance scale: The "17 Dongxing 03" issue scale is 900 million yuan, and the balance of bonds is 900 million yuan.


5. Bond maturity: The bond maturity is 5 years.



6. Bond interest rate: The coupon rate of the current bond is 4.99%, and single interest is used to calculate the annual interest, without compound interest.


7. Guarantee: The bonds are unsecured.


8. Credit rating: The credit rating agency for this bond is United Credit Rating Co., Ltd. (hereinafter referred to as "Union Rating"), which issued a follow-up rating report on June 20, 2019 (Union [2019] 1294
Number), the issuer's long-term credit rating is "AAA", and the debt credit rating is "AAA".


Third, the basic situation of "17 Dongxing F2"

1. Approval document and approval scale: Approved by Shanghai Stock Exchange Shanghai Securities Letter [2017] No. 179,
Dongxing Securities Co., Ltd. was permitted to issue non-public offerings to qualified investors with a total face value not exceeding 2.0 billion yuan
Corporate bonds .


2. Name of the bond: Dongxing Securities Co., Ltd. privately issued 2017 corporate bonds (second phase).


3. Short name and code of the bond: The short name of the bond is "17 Dongxing F2" and the code is 145185.


4. Issuance scale: The "17 Dongxing F2" issue scale is 2 billion yuan, and the balance of bonds is 2 billion yuan.


5. Bond maturity: The bond maturity is 3 years.


6. Bond interest rate: The coupon rate of the current bond is 5.39%. Single interest is used for annual interest calculation, and compound interest is not calculated.


7. Guarantee: The bonds are unsecured.


8. Credit rating: The credit rating agency for this bond is United Credit Rating Co., Ltd. (hereinafter referred to as "Union Rating"), which issued a follow-up rating report on June 20, 2019 (Union [2019] 1294
No.), the issuer's long-term credit rating is "AAA", and the debt of this bond is not rated.









Section 2 Major Issues of the Bonds


IFC Securities Co., Ltd. as "17 Dongxing 02", "17 Dongxing 03", "17 Dongxing F2"
Trustees of the company continue to pay close attention to matters that have a significant impact on the rights and interests of bondholders. According to the Corporate Bonds
The relevant provisions of the “Administrative Measures for the Issuance and Transaction of Securities”, the “Code of Conduct for the Practice of Corporate Bond Trustees” and other relevant provisions, as well as the provisions of the “Trusted Management Agreement”, are now reported on the major issues of the current bond as follows:

The issuer issued the " Dongxing Securities Co., Ltd. Announcement on the Progress of the Company Involving Litigation" on January 4, 2020. The details are as follows:

I. Basic information of the lawsuit


Disputes over stock pledged repo transactions,
The issuer sued the defendant Beijing Honggao Zhongtai Investment Co., Ltd. (hereinafter referred to as "Honggao Zhongtai") to the Beijing Second Intermediate People's Court and requested the court to order Honggao Zhongtai to return the principal
125 million yuan, and pay the corresponding interest, liquidated damages and the cost of realizing debts. For details, please refer to
2018 year
January
On the website of the Shanghai Stock Exchange on the 19th (
www.sse.com.cn) "Announcement of Dongxing Securities Co., Ltd. Involving Litigation".



2019 year
January
7th,
Issuer Receives Civil Judgment from Beijing Second Intermediate People's Court
((
2018) Beijing
02 Early Republic of China
No. 349), the judgment of Hongkong High School is from the date on which the judgment takes effect
Repayment of issuer financing principal within 10 days
125 million yuan, and pay interest, liquidated damages and the realization of claims during the financing period. For details, please refer to
2019 year
January
On the Shanghai Stock Exchange website on the 8th (
www.sse.com.cn) "Announcement on the Progress of Dongxing Securities Co., Ltd.'s Litigation Concerning the Company".



Second and second instance


To protect one's rights and interests,
The issuer appealed to the Beijing High Court over the interest on the financing funds and overdue liquidated damages found in the first instance judgment. The Beijing Higher People's Court has accepted the company's appeal. For details, please refer to
2019 year
April
On the Shanghai Stock Exchange website on the 4th (
www.sse.com.cn) disclosed the " Dongxing Securities
Announcement on the progress of the company in relation to litigation.



2019 year
June
On the 19th,
Issuer Receives Civil Judgment from Beijing Higher People's Court
((
2019) Jingmin end
No. 194), starting from the date when the verdict of Hongkong High School came into effect
Repayment of issuer financing principal within 10 days
125 million yuan, and pay interest during the period, overdue breach of contract damages and the realization of claims. details



See issuer for details
2019 year
June
On the Shanghai Stock Exchange website on the 20th (
www.sse.com.cn) "Announcement on the Progress of Dongxing Securities Co., Ltd.'s Litigation Concerning the Company".



Third, the implementation of the case


The issuer applied to the Beijing Second Intermediate People's Court for execution according to the final judgment. Due to multiple rounds of seizures of the assets of the executed person and no other assets available for execution, the Beijing Second Intermediate People's Court included the enforced person into List of executives and make enforcement rulings (
2019) Beijing
02 hold
No. 986), ruling to end this execution process.

The issuer will apply to the Beijing Second Intermediate People's Court for the transfer of disposal rights and apply for disciplinary and seizure of property.






IFC Securities as "
17 Dongxing
02 "

,
"
17 Dongxing
03 "

,
"
17 Dongxing
F2 "

Bond trustee,
After learning about the relevant matters,
Communicate with the issuer in a timely manner. The issuer believes that the lawsuit has no significant impact on the issuer's business operation and debt repayment ability.
IFC Securities
Follow-up will pay close attention to the issuer's repayment of the principal and interest of this bond and other matters that have a significant impact on the interests of bondholders.



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