Approved On
June 6, 2017, the China Securities Regulatory Commission (hereinafter referred to as the "CSRC") Main Board Issuance Review Committee reviewed the application of Shanghai STEP Electric Co., Ltd. (hereinafter referred to as the "Company") for the public issuance of convertible corporate bonds. audited.
 
According to the review results, the company's application for the public issuance of convertible corporate bonds was approved. The company's public offering of convertible corporate bonds still needs to obtain the official approval documents from the China Securities Regulatory Commission, and the company will make another announcement after receiving the approval documents from the China Securities Regulatory Commission.
 
Issues
· The type of securities issued this time is convertible corporate bonds that can be converted into A shares of the company. The convertible corporate bonds and future converted A shares will be listed on the Shenzhen Stock Exchange.
· The total amount of funds to be raised from the proposed issuance of convertible corporate bonds will not exceed RMB 882,505,700 (including the original amount).
· Each convertible corporate bond issued this time has a face value of RMB 100 and is issued at face value.
· The term of the convertible corporate bonds issued this time is 6 years from the date of issuance.
    
About STEP
Shanghai STEP Electric Co., Ltd. was founded in 1995 with a registered trademark of STEP. It is a high-tech enterprise supported by the state, a national innovative enterprise, and has a state-certified enterprise technology center. STEP has a post-doctoral scientific research workstation, and the technical center laboratory has the national CNAS accreditation qualification and has passed the US UL certification. In December 2010, STEP made its initial public offering of A shares on the Shenzhen Stock Exchange and went public, stock abbreviation: STEP, stock code: 002527.
 
STEP - Electric transmission and motion control expert, business involves: robot and motion control, elevator control and Internet of Things, energy saving and industrial transmission and other fields. Products mainly include industrial robots, servo drives, high/medium/low voltage frequency converters, integrated drive controllers, elevator control and drive systems, Star Internet of Things, etc.; widely used in elevators, port machinery, lifting, rubber and plastic, Coal mining, metallurgy, power generation, machine tools, packaging, logistics, 3C, home appliances, auto parts and other industries.
 

Some STEP application projects: control-drive-inverter-robot