Securities Code: 002459
Bond Code: 127089
Securities Abbreviation: Jingao Technology
Bond Abbreviation: Jingao Convertible Bond
Announcement Number: 2026-042
Jingao Solar Technology Co., Ltd.
Announcement on the Expected Triggering of Conversion Price Adjustment Conditions for "Jingao Convertible Bonds"
The Company and the entire Board of Directors guarantee that the information disclosed is true, accurate, and complete, and that there are no false representations, misleading statements, or material omissions.
Key Information Highlights:
● Bond Code: 127089
● Bond Abbreviation: Jingao Convertible Bond
● Current Conversion Price: RMB 8.90 per share
● Conversion Period: January 24, 2024 to July 17, 2029
● From July 8, 2026 to July 22, 2026, the closing price of Jingao Solar Technology Co., Ltd. (hereinafter referred to as the "Company") stock has been lower than 85% of the current conversion price of "Jingao Convertible Bond" for ten trading days. If, within the next nineteen trading days, the closing price of the Company's stock continues to be lower than 85% of the current conversion price for five trading days, it may trigger the conversion price adjustment condition of "Jingao Convertible Bond." If the conversion price adjustment condition is triggered, the Company will promptly fulfill the deliberation procedures and information disclosure obligations as stipulated in the "Prospectus for the Issuance of Convertible Corporate Bonds to Unspecified Objects by Jingao Solar Technology Co., Ltd." (hereinafter referred to as the "Prospectus"). Investors are kindly advised to pay attention to investment risks.
I. Basic Information of Convertible Corporate Bonds
With the approval of the China Securities Regulatory Commission's "Approval on the Registration of Jingao Solar Technology Co., Ltd. for the Issuance of Convertible Corporate Bonds to Unspecified Objects" (Securities Regulatory License (2023) No. 1164), the Company issued 89,603,077 convertible corporate bonds on July 18, 2023, with a face value of RMB 100 per bond. The total amount raised was RMB 8,960,307,700.00. After deducting issuance-related expenses (excluding tax), the net proceeds from the fundraising amounted to RMB 8,933,848,025.97. Zhongxing Caiguanghua Certified Public Accountants (Special General Partnership) issued the "Capital Verification Report" (Zhongxing Caiguanghua Verification (2023) No. 110003) on July 24, 2023, to verify the receipt of the aforementioned raised funds. The Company has opened a special account for the raised funds and signed a supervision agreement for the raised funds with the sponsor and the commercial bank where the funds are deposited.
With the approval of the Shenzhen Stock Exchange, the Company's convertible corporate bonds worth RMB 8,960,307,700 were listed and traded on the Shenzhen Stock Exchange from August 4, 2023. The bond abbreviation is "Jingao Convertible Bond" and the bond code is "127089."