Securities Code: 000708
Bond Code: 127056
Securities Abbreviation: Zhongxin Special Steel
Bond Abbreviation: Zhongte Special Bond
Announcement Number: 2026-069
Zhongxin Taifu Special Steel Group Co., Ltd.
Announcement on Downward Adjustment of "Zhongte Special Bond" Conversion Price
The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed herein, and are free from any false representations, misleading statements, or material omissions.
Special Reminder:
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Securities Code: 000708 Securities Abbreviation: Zhongxin Special Steel
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Bond Code: 127056 Bond Abbreviation: Zhongte Special Bond
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Conversion Price Before Adjustment: RMB 21.78 per share
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Conversion Price After Adjustment: RMB 13.89 per share
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Effective Date of Adjusted Conversion Price: July 23, 2026
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Conversion Period: September 5, 2022 to February 24, 2028
Zhongxin Taifu Special Steel Group Co., Ltd. (hereinafter referred to as the "Company") held the third meeting of the eleventh Board of Directors on July 22, 2026, and deliberated and passed the "Proposal on Downward Adjustment of the Conversion Price of 'Zhongte Special Bond'". The relevant matters are hereby announced as follows:
I. Basic Situation of Convertible Bond Issuance and Listing
(I) Convertible Bond Issuance
Approved by the China Securities Regulatory Commission's "Approval on the Public Offering of Convertible Corporate Bonds by Zhongxin Taifu Special Steel Group Co., Ltd." (Zhengjian Permit [2021] No. 4082), Zhongxin Special Steel publicly issued convertible corporate bonds worth RMB 5,000,000,000 (hereinafter referred to as the "Current Issuance"), with a term of 6 years.
The total amount of convertible corporate bonds actually issued in this offering is 50,000,000 units, with a face value of RMB 100 per unit. The total amount raised is RMB 5,000,000,000. After deducting underwriting and sponsorship fees (including VAT), rating fees, legal fees, audit fees, and capital verification fees related to this issuance (excluding VAT), the net proceeds from this issuance are RMB 4,978,723,584.91. PwC Zhongtian Certified Public Accountants (Special General Partnership) has verified the receipt of the aforementioned raised funds and issued the "Capital Verification Report" (PwC Zhongtian Yan Zi [2022] No. 0209).
(II) Convertible Bond Listing
Approved by the Shenzhen Stock Exchange (hereinafter referred to as the "SZSE") in its document No. SZSE [2022] 328, the Company's RMB 5,000,000,000 convertible corporate bonds were listed and traded on the SZSE starting from April 15, 2022. The bond abbreviation is "Zhongte Special Bond", and the bond code is "127056".