Announcement on Progress of Non-Public Issuance of Exchangeable Bonds by Guangdong Power Development Co., Ltd.
Securities Code: 000539, 200539
Securities Abbreviation: Guangdong Power A, Guangdong Power B
Announcement Number: 2026-32
Bond Code: 149711
Bond Abbreviation: 21 Guangdong Power 03
Guangdong Power Development Co., Ltd. announces the progress of the non-public issuance of exchangeable bonds by its controlling shareholder, Guangdong Energy Group Co., Ltd. The controlling shareholder guarantees that the information provided to the company is true, accurate, and complete, with no false records, misleading statements, or significant omissions. The company and all members of the board of directors ensure that the announcement content is consistent with the information disclosed by the information disclosure obligor.
This equity change is due to the conversion of exchangeable bonds issued by the controlling shareholder, and it will not lead to a change in the controlling shareholder of the company. Guangdong Energy Group Co., Ltd. and its wholly-owned subsidiaries, Guangdong Power Development Co., Ltd. and Guangdong Energy International Investment Co., Ltd. (formerly "Chaokang Investment Co., Ltd."), still collectively hold 3,585,888,534 shares of the company, accounting for 68.30% of the total share capital.
Guangdong Energy Group completed the issuance of exchangeable bonds for professional investors on October 10, 2025 (the first phase), referred to as "25 Guangdong Energy EB," with a bond code of "117240.SZ." The actual issuance scale was 1.5 billion RMB, with a term of 3 years and a coupon rate of 0.01%. The initial conversion price for this exchangeable bond is 7.21 RMB/share, with the conversion period starting from the first trading day after 6 months from the issuance date until the trading day before the bond is delisted, specifically from April 13, 2026, to October 9, 2028. For detailed information, please refer to the company's announcements disclosed on October 11, 2025, and April 9, 2026 (Announcement Numbers: 2025-43, 2026-21).
Recently, the company received a notification from its controlling shareholder, Guangdong Energy Group. As of June 1, 2026, the bondholders of the exchangeable bonds have cumulatively converted 58,252,405 shares, resulting in a passive decrease in the direct shareholding ratio of Guangdong Energy Group and its wholly-owned subsidiaries, Guangdong Power Development Co., Ltd. and Guangdong Energy International Investment Co., Ltd. (formerly "Chaokang Investment Co., Ltd."), from 69.41% to 68.30%, crossing the 1% threshold.