002503SZSE

Announcement on Abnormal Fluctuations in Trading of Convertible Bonds

*ST Sou Te Co., Ltd.··3 pages

✨ AI Summary

This announcement addresses the abnormal trading fluctuations of the company's convertible bonds, which experienced a cumulative price drop of 31.01% over three trading days. The company confirmed no undisclosed significant information affecting the bond's price. It also warns investors of potential risks, as the company's stock price has fallen below 1 yuan for twenty consecutive trading days, leading to potential delisting.

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Full Translation

AI Translation· azure_openai

Securities Code: 002503

Securities Abbreviation: *ST SouTe

Announcement Number: 2023-070

Convertible Bond Code: 128100

Convertible Bond Abbreviation: SouTe Convertible Bond

SouYute Group Co., Ltd.

Announcement on Abnormal Fluctuations in Trading of Convertible Bonds

The company and all members of the board guarantee that the information disclosed is true, accurate, and complete, with no false records, misleading statements, or significant omissions.

I. Basic Information on the Issuance and Listing of Convertible Bonds

  1. Issuance of Convertible Bonds

Approved by the China Securities Regulatory Commission (CSRC) under document "Zheng Jian Xu Ke [2020] No. 133", SouYute Group Co., Ltd. (hereinafter referred to as "the Company") publicly issued 8,000,000 convertible bonds on March 12, 2020, with a face value of 100 yuan each, totaling 800 million yuan. The public offering of convertible bonds was prioritized for original shareholders registered after the market close on the equity registration date (March 11, 2020). The remaining portion (including any part waived by original shareholders) was allocated to institutional investors offline and sold to the public through the Shenzhen Stock Exchange (SZSE) trading system, with the remainder underwritten by the lead underwriter.

  1. Listing of Convertible Bonds

The SZSE approved the listing of the company's 800 million yuan convertible bonds, which began trading on April 9, 2020, under the abbreviation "SouTe Convertible Bond" and code "128100".

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