Securities Code: 000723
Bond Code: 127061
Securities Abbreviation: Meijin Energy
Bond Abbreviation: Meijin Convertible
Announcement No.: 2026-067
Shanxi Meijin Energy Co., Ltd.
Announcement on Downward Adjustment of "Meijin Convertible" Conversion Price
The Company and all members of its board of directors guarantee the content of this information disclosure is true, accurate, and complete, and that there are no false records, misleading statements, or material omissions.
Special Notice:
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Bond Code: 127061
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Conversion Price of "Meijin Convertible" Before Adjustment: 5.26 yuan/share
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Conversion Price of "Meijin Convertible" After Adjustment: 3.47 yuan/share
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Effective Date of Adjusted Conversion Price: July 17, 2026
Shanxi Meijin Energy Co., Ltd. (hereinafter referred to as the "Company") held the 53rd meeting of the 10th Board of Directors on July 16, 2026, which deliberated and approved the "Proposal on Downward Adjustment of the Conversion Price of 'Meijin Convertible'". The relevant matters are hereby announced as follows:
I. Basic Overview of "Meijin Convertible" Issuance and Listing
- Convertible Bond Issuance
Approved by the China Securities Regulatory Commission's document "Zheng Jian Xu Ke [2022] No. 374", the Company publicly issued 35,900,000 convertible corporate bonds on April 20, 2022. Each bond has a face value of 100 yuan, with a total issuance amount of 3,590,000,000 yuan. The initial conversion price was 13.21 yuan/share.
- Convertible Bond Listing
Approved by the Shenzhen Stock Exchange's document "Shen Zheng Shang [2022] No. 499", the Company's convertible corporate bonds totaling 3,590,000,000 yuan were listed and traded on the Shenzhen Stock Exchange from May 30, 2022. The bond abbreviation is "Meijin Convertible" and the bond code is "127061".
- Convertible Bond Conversion Period
According to the relevant provisions of the "Prospectus for Public Issuance of Convertible Corporate Bonds by Shanxi Meijin Energy Co., Ltd." (hereinafter referred to as the "Prospectus"), the conversion period for the convertible bonds issued this time begins on the first trading day six months after the issuance ends (October 26, 2022) and ends on the maturity date of the convertible bonds (April 19, 2028).
- Adjustment of Convertible Bond Conversion Price
On June 1, 2022, the Company disclosed the "Announcement on Adjustment of 'Meijin Convertible' Conversion Price" (Announcement No.: 2022-069). The Company implemented the 2021 annual equity distribution, distributing a cash dividend of 2.00 yuan (tax inclusive) per 10 shares to all shareholders based on a total share capital of 4,270,271,048 shares. The ex-rights and ex-dividend date was June 9, 2022. According to the relevant regulations for convertible corporate bonds, the conversion price of "Meijin Convertible" was adjusted from the original 13.21 yuan/share to 13.01 yuan/share from June 9, 2022. The adjusted conversion price became effective from June 9, 2022.