Sonavox Co., Ltd. ("Sonavox"), a leading automotive acoustic product solution provider in China, successfully issued its convertible corporate bonds ("convertible bonds") on the Shanghai Stock Exchange on August 1, 2023. Llinks Law Offices ("Llinks") served as the legal counsel for Sonavox and provided full legal services for the issuance.
Sonavox is dedicated to enhancing the driving experience with acoustic technology. It has established long-term cooperation with many well-known domestic and foreign automobile manufacturers and participated in their synchronous development. Sonavox has strong capabilities in developing and designing acoustic products, system solutions and related algorithms. Its product portfolio includes car speaker systems, car amplifiers and AVAS, which can meet various customer needs.
The proceeds from the convertible bond issuance amounted to 520 million yuan, which will be mainly invested in automotive audio systems and electronic products projects. The projects will help Sonavox further improve its market competitiveness and strengthen its leading position in the automotive acoustic electronic products industry.
Llinks, as the legal counsel for Sonavox, provided professional legal services for the convertible bond issuance, following its previous involvement in Sonavox's IPO on the Sci-Tech Innovation Board of the Shanghai Stock Exchange in 2021.
