Lezhi Holdings Group Co., Ltd. Announcement on the Expected Trigger of Downward Adjustment of Conversion Price
Stock Code: 002398 Bond Code: 127062 Stock Abbreviation: Lezhi Group Bond Abbreviation: Lezhi Convertible Bond Announcement No.: 2026-011
The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the announcement's content, and that there are no false records, misleading statements, or material omissions.
Special Reminder:
- Stock Code: 002398 Stock Abbreviation: Lezhi Group
- Bond Code: 127062 Bond Abbreviation: Lezhi Convertible Bond
- Conversion Price: 7.59 RMB/share
- Conversion Period: October 27, 2022 to April 20, 2028
- From February 26, 2026 to March 11, 2026, the Company's stock closing price was below 85% of the current conversion price on 10 out of 30 consecutive trading days, which is expected to trigger the downward adjustment of the conversion price. If the conversion price adjustment condition is triggered, the Company will promptly fulfill the subsequent deliberation procedures and information disclosure obligations in accordance with the relevant regulations of the Shenzhen Stock Exchange and the provisions of the Bond Issuance Prospectus.
I. Issuance and Listing of Convertible Corporate Bonds (I) Issuance of Convertible Bonds Approved by the China Securities Regulatory Commission's Permit [2022] No. 409, "Approval for the Public Offering of Convertible Corporate Bonds by Lezhi Holdings Group Co., Ltd.", the Company was approved to issue 3,963,000 convertible corporate bonds, with a total fundraising amount of RMB 396,300,000.00. After deducting issuance expenses of RMB 5,839,448.12 (excluding VAT), the net proceeds from fundraising were RMB 390,460,551.88.