Lei Zhi Group [Image: Logo] Announcement on Anticipated Triggering of Downward Adjustment of Conversion Price
Securities Code: 002398 Bond Code: 127062 Securities Abbreviation: Lei Zhi Group Bond Abbreviation: Lei Zhi Convertible Bond Announcement No.: 2026-015
Lei Zhi Holdings Group Co., Ltd. Announcement on Anticipated Triggering of Downward Adjustment of Conversion Price
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 significant omissions.
Special Reminder:
- Securities Code: 002398 Securities Abbreviation: Lei Zhi Group
- Bond Code: 127062 Bond Abbreviation: Lei Zhi Convertible Bond
- Conversion Price: RMB 7.59 per share
- Conversion Period: October 27, 2022, to April 20, 2028
- From March 19, 2026, to April 1, 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 subsequent deliberation procedures and information disclosure obligations in accordance with the relevant regulations of the Shenzhen Stock Exchange and the terms of the Bond Offering Prospectus.
I. Issuance and Listing of Convertible Corporate Bonds
(I) Issuance of Convertible Bonds Approved by the China Securities Regulatory Commission (CSRC) with Permit [2022] No. 409, "Approval for the Public Offering of Convertible Corporate Bonds by Lei Zhi Holdings Group Co., Ltd.," the Company was approved to issue 3,963,000 convertible corporate bonds, with a total raised capital of RMB 396,300,000.00. After deducting issuance expenses of RMB 5,839,448.12 (excluding VAT), the net proceeds raised were RMB 390,460,551.88.