Stock Code: 002490 Securities Abbreviation: Shandong Molong No.: 2026-029 Shandong Molong Oilfield Machinery Co., Ltd. Announcement on the Proposal for Non-public Offering of Perpetual Bonds The Company and all members of the Board of Directors guarantee the authenticity, accuracy, and completeness of the announcement, and that there are no false records, misleading statements, or material omissions.
Shandong Molong Oilfield Machinery Co., Ltd. (hereinafter referred to as the "Company") held the 14th extraordinary meeting of the 8th Board of Directors on June 18, 2026, and reviewed and approved the "Proposal on the Company's Compliance with Conditions for Non-public Offering of Perpetual Bonds," the "Proposal on the Company's Non-public Offering of Perpetual Bonds," and the "Proposal to Authorize the Board of Directors and the Management Authorized by the Board to Fully Handle Matters Related to the Company's Non-public Offering of Perpetual Bonds (Including Perpetual Bonds)." To further expand financing channels, improve the debt structure, and prevent financial risks, considering the Company's actual situation, the Company plans to conduct a non-public offering of perpetual bonds not exceeding RMB 200 million (including RMB 200 million) to professional investors (hereinafter referred to as the "Current Non-public Offering of Perpetual Bonds").
This matter needs to be submitted to the Company's shareholders' meeting for review and requires state-owned asset approval procedures in accordance with relevant regulations. The current non-public offering of perpetual bonds can be implemented after the Shenzhen Stock Exchange (hereinafter referred to as the "SZSE") issues a letter of no objection. The final plan will be subject to the filing and approval of the SZSE. The relevant matters are hereby announced as follows:
I. Explanation of the Company's Compliance with Conditions for Non-public Offering of Perpetual Bonds
According to the "Company Law," "Securities Law," "Measures for the Administration of Issuance and Trading of Corporate Bonds," and other relevant laws, regulations, and normative documents, combined with the Company's actual operating conditions, the Company has conducted a self-inspection item by item and believes that it meets the conditions and requirements of the current policies for perpetual bonds, and is qualified for a one-time or phased non-public offering of perpetual bonds to professional investors.
II. Proposal for the Current Non-public Offering of Perpetual Bonds
(I) Issuance Scale and Method The current non-public offering of perpetual bonds will be issued at a face value of RMB 100 per unit, at par value. The total scale will not exceed RMB 200 million (including RMB 200 million) of corporate bonds, which can be issued at once or in phases. The specific issuance scale and phased issuance arrangements will be submitted to the Company's shareholders' meeting for authorization to the Board of Directors, and the Board of Directors may authorize the management to determine within the aforementioned range based on the Company's funding needs and market conditions at the time of issuance.
(II) Bond Term The basic term of the current perpetual bonds shall not exceed 3 years (inclusive). At the end of the agreed basic term and each extension period, the Company has the right to exercise the extension option. Each extension period shall not exceed the basic term. If the Company exercises the extension option, the bond term will be extended by one period. If the Company does not exercise the extension option, the principal will be fully redeemed upon maturity. The Company's right to exercise the extension option is not limited by the number of times.
(III) Use of Proceeds After deducting necessary issuance expenses, the proceeds from the bond issuance will be used to support the development of small, medium, and micro enterprises in the upstream and downstream of the industrial chain or related to its own business operations through methods such as advance payments or paying off accounts payable. The specific use will be determined within the aforementioned scope based on the Company's funding needs before the issuance.