The board of directors of Harvest Technology Joint Stock Company Ltd (Harvest Stock), a listed company, formulated a plan to issue corporate bonds through the securities market. Among other things, the plan included the following items: (i) A securi

The board of directors of Harvest Technology Joint Stock Company Ltd (Harvest Stock), a listed company, formulated a plan to issue corporate bonds through the securities market. Among other things, the plan included the following items:

(i) A securities company would be entrusted to be the sole underwriter to issue corporate bonds for RMB 70 million yuan;

(ii) The entire period of the public issue would be 100 days;

(iii) The interest rate of the bonds would be 5%, same as the annual fixed interest rate of saving deposit for one year;

(iv) The funds collected by the issue of corporate bonds would be used to make up the losses of the last year.

Required:

Answer the following questions in accordance with the Securities Law, and give your reasons for your answers:

(a) state whether the form of issue of corporate bonds was in conformity with the relevant provision of the law;

(b) state whether the duration of the issue was in conformity with the relevant provision of the law;

(c) state whether the proposed interest rate of the corporate bonds was in conformity with the relevant provision of the law;

(d) state whether the purpose of use of the funds was in conformity with the relevant provision of the law.