Lets Holdings About the "Lets Convertible Bond" Put Option: Third Notice
Stock Code: 002398 Bond Code: 127062 Stock Abbreviation: Lets Holdings Bond Abbreviation: Lets Convertible Bond Announcement No.: 2026-053
Lets Holdings Group Co., Ltd. Third Notice of Put Option for "Lets Convertible Bond"
The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed in this announcement, and that there are no false representations, misleading statements, or material omissions.
Important Information Notice:
- Put Price: 100.285 RMB per bond (including accrued interest and taxes)
- Put Option Application Period: June 12, 2026 to June 18, 2026
- Issuer Fund Receipt Date: June 23, 2026
- Put Payment Transfer Date: June 24, 2026
- Investor Put Payment Receipt Date: June 25, 2026
- "Lets Convertible Bond" will be suspended from conversion during the put option application period.
- This put option is not mandatory; holders of "Lets Convertible Bond" have the right to choose whether to exercise the put option.
- Risk Warning: Exercising the put option is equivalent to selling the held "Lets Convertible Bond" at 100.285 RMB per bond (including interest and taxes). As of now, the closing price of "Lets Convertible Bond" is higher than the current put price. Exercising the put option may result in losses. Investors are kindly advised to pay attention to the risks.
Due to the closing price of Lets Holdings Group Co., Ltd. (hereinafter referred to as the "Company") stock being lower than 70% of the current conversion price for thirty consecutive trading days from April 21, 2026, to June 4, 2026, and "Lets Convertible Bond" being in its last two interest-accruing periods, the "Conditional Put Option Clause" in the "Prospectus for the Public Offering of Convertible Corporate Bonds by Lets Holdings Group Co., Ltd." (hereinafter referred to as the "Prospectus") has been triggered. The following is an announcement regarding the put option for all holders of "Lets Convertible Bond":
I. Put Option Clause and Price
(I) Conditional Put Option Clause In the last two interest-accruing periods of the convertible corporate bonds issued, if the closing price of the Company's stock falls below 70% of the current conversion price for any thirty consecutive trading days, holders of convertible corporate bonds have the right to put all or part of their convertible corporate bonds back to the Company at face value plus accrued interest. If there have been adjustments to the conversion price due to events such as bonus share issuance, capitalization of capital reserves, new share issuance (excluding shares increased due to conversion of these convertible bonds), rights issues, or cash dividend distribution during the aforementioned trading days, the calculation shall be based on the pre-adjustment conversion price and closing price for trading days before the adjustment, and the post-adjustment conversion price and closing price for trading days after the adjustment. If the conversion price is adjusted downwards, the aforementioned "thirty consecutive trading days" shall be recalculated starting from the first trading day after the conversion price adjustment.