Shenzhen Huaqiang Industrial Co., Ltd. (hereinafter referred to as "the Company") announces that the information provided by the controlling shareholder is true, accurate, and complete, with no false records, misleading statements, or significant omissions. The Company and all members of the Board of Directors guarantee that the announcement content is consistent with the information provided by the information disclosure obligor.
Special Reminder:
- As of the date of this announcement, the controlling shareholder, actual controller, directors, and senior management of Shenzhen Huaqiang Industrial Co., Ltd. have no plans for share reduction.
- This equity change is due to the conversion of exchangeable bonds issued by the controlling shareholder and does not involve any active reduction by the controlling shareholder. This equity change will not lead to a change in the controlling shareholder, who still holds 707,731,379 shares of the Company, accounting for 67.67% of the total share capital.
I. Basic Information on Controlling Shareholder's Exchangeable Bonds
Shenzhen Huaqiang Group Co., Ltd. (hereinafter referred to as "Huaqiang Group" or "controlling shareholder") issued exchangeable corporate bonds for professional investors in two phases on June 11, 2025, and June 17, 2025. The first phase (bond abbreviation "25 Huaqiang E1", bond code "117231") and the second phase (bond abbreviation "25 Huaqiang E2", bond code "117232") had an issuance scale of RMB 700 million and RMB 1.7 billion, respectively, with a term of 3 years. The conversion period for both bonds will begin on December 12, 2025, and December 18, 2025, respectively. During the conversion period until April 28, 2026, the conversion price for both bonds is RMB 29.97 per share. Huaqiang Group has deposited part of its shares in the "Huaqiang Group - Jinyuan Unified Securities - 25 Huaqiang E1 Guarantee and Trust Property Special Account" and "Huaqiang Group - Jinyuan Unified Securities - 25 Huaqiang E2 Guarantee and Trust Property Special Account," with the bond trustee acting as the nominal holder to guarantee the exchange of shares and the repayment of bond principal and interest for bondholders. For specific details, please refer to the relevant announcements published by the Company on the Giant Tide Information Network (www.cninfo.com.cn) on June 4, June 12, June 13, June 19, September 19, November 21, December 3, and December 10, 2025.
On April 29, 2026, the Company received a notification from Huaqiang Group that on April 28, 2026, the holders of Huaqiang Group's exchangeable bonds completed the conversion of 4,457,112 shares, accounting for 0.43% of the total share capital of the Company, resulting in a passive decrease in Huaqiang Group's shareholding from 68.09% to 67.67%, touching the 1% integer threshold. Note: All percentage values are retained to two decimal places, and due to rounding, there may be discrepancies in the total.