Important Notice on Early Redemption of Yingfeng Convertible Bonds and Upcoming Suspension of Conversion
The company and all members of the board guarantee that the information disclosed is true, accurate, and complete, without false records, misleading statements, or significant omissions.
Important Content Reminder:
- Last conversion date: May 28, 2026
- May 28, 2026, is the last conversion date for the "Yingfeng Convertible Bonds." Investors holding the bonds can still convert them before the market closes on that day. After the market closes on May 28, 2026, any unconverted "Yingfeng Convertible Bonds" will cease to be convertible, and the remaining bonds will be forcibly redeemed at a price of RMB 101.129 per bond (including interest and tax, with an annual interest rate of 2.00%). Investors may face losses if forcibly redeemed, and they are advised to pay attention to investment risks.
- As of the market close on May 26, 2026, there are only 2 trading days left until the "Yingfeng Convertible Bonds" cease to be convertible (May 29, 2026).
Special Reminder
Holders of "Yingfeng Convertible Bonds" must read this announcement carefully, fully understand the associated risks, and pay attention to the last trading and conversion times to make prudent investment decisions.
Special Notes:
- Redemption date for convertible bonds: May 29, 2026
- Redemption price for convertible bonds: RMB 101.129 per bond (including interest and tax), with the after-tax redemption price subject to approval by China Securities Depository and Clearing Corporation Limited Shenzhen Branch (hereinafter referred to as "CSDC").
- Date funds arrive in the issuer's account (CSDC account): June 3, 2026
- Date redemption funds arrive in investors' accounts: June 5, 2026
- Last trading day for convertible bonds: May 25, 2026
- Date trading of convertible bonds ceases: May 26, 2026
- Last conversion date for convertible bonds: May 28, 2026
- Date convertible bonds cease to be convertible: May 29, 2026
- Trigger date for conditional redemption clause of convertible bonds: April 30, 2026
- Redemption registration date for convertible bonds: May 28, 2026
- Redemption type: Full redemption
- Last trading day (May 25, 2026) for convertible bonds abbreviated as: Z Feng Convertible Bonds
- According to the arrangement, any "Yingfeng Convertible Bonds" that remain unconverted after the market closes on May 28, 2026, will be forcibly redeemed. After this redemption is completed, "Yingfeng Convertible Bonds" will be delisted from the Shenzhen Stock Exchange. Investors whose "Yingfeng Convertible Bonds" are pledged or frozen are advised to lift the pledge or freeze before the conversion ceases to avoid being forcibly redeemed due to inability to convert.
- Risk Warning: The redemption price of "Yingfeng Convertible Bonds" may differ significantly from the market price before trading and conversion cease. Holders are reminded to convert within the deadline. If investors do not convert in time, they may face losses, and all investors are urged to pay attention to investment risks.
From April 10, 2026, to April 30, 2026, the stock of Yingfeng Environmental Technology Group Co., Ltd. (hereinafter referred to as "Yingfeng Environmental" or "the Company") has met the condition that the closing price is not less than 130% of the current conversion price of "Yingfeng Convertible Bonds" (RMB 7.67 per share) for at least 15 trading days out of any continuous 30 trading days. According to the relevant provisions of the "Prospectus for the Public Issuance of Convertible Bonds by Yingfeng Environmental Technology Group Co., Ltd." (hereinafter referred to as "the Prospectus"), the conditional redemption clause of "Yingfeng Convertible Bonds" has been triggered. The Company held the third extraordinary meeting of the 11th Board of Directors on April 30, 2026, and approved the proposal for the early redemption of "Yingfeng Convertible Bonds." Considering the current market and the Company's strategic development, the Board decided to exercise the right to redeem "Yingfeng Convertible Bonds" early and authorized the management and relevant departments to handle all matters related to the subsequent redemption of "Yingfeng Convertible Bonds."