Yunnan Yuntianhua Company Limited

1. Company name: Yunnan Yuntianhua Co., Ltd.

2. Securities abbreviation: Yunhua convertible bonds

3. Securities code: 100096

4. Industry category: fertilizer manufacturing industry

5. Date of Issue: September 2003-10

6. Issuance method: giving priority to the old shareholders, and combining off-line balance placement with online pricing.

7. Issue quantity (RMB): 4 1000000.

8. Number of rights issue by old shareholders (RMB): 38,995,000.

9. Number of online issues (RMB): 69.998 million.

10. Issue face value (RMB): 100.

1 1. Issue price (RMB): 100.

12. coupon rate (%): 1.6% in the first year, 1.9% in the second year and 2.2% in the third year.

13. Interest payment: once a year.

14. Duration (year): 3

15. Transition period: March 2004-10 to September 2006-15.

16. Listing place: Shanghai Stock Exchange.

17. Date of listing: September 25th, 2003.

18. listing liquidity (RMB): 4 1000000.00.

19. Company address: Shuifu County, Yunnan Province

20. Legal Representative: Zhang Jiaqing

2 1. Tel:

22. Fax:

23. Resale date:

24. Resale conditions: 1. It first appeared for 30 consecutive trading days one year before maturity, and the closing price of the company's stock was lower than 80% of the current conversion price; 2. Change the investment of raised funds.

25. Resale price (RMB): 105

26. Duration of resale application:

27. Maturity redemption date: September 9, 2006.

28. Redemption price at maturity (yuan):

30. Early redemption date:-

3 1. Conditions for early redemption:

32. Early redemption price (yuan):

33. Initial conversion price (RMB): 9.43

34. Latest conversion price (RMB): 5.80.