Stock Code: 002568
Stock Abbreviation: Bairun Co., Ltd.
Announcement Number: 2026-043
Bond Code: 127046
Bond Abbreviation: Bairun Convertible Bonds
Shanghai Bairun Investment Holding Group Co., Ltd. announces the adjustment of the conversion price for its convertible corporate bonds. The company and all members of the board guarantee that the information disclosed is true, accurate, and complete, without false records, misleading statements, or significant omissions.
Special Reminder:
- Conversion price before adjustment: 20.63 RMB/share
- Conversion price after adjustment: 20.33 RMB/share
- Effective date of this conversion price adjustment: June 5, 2026.
I. Relevant Provisions on the Adjustment of Conversion Price for Convertible Corporate Bonds
Approved by the China Securities Regulatory Commission (CSRC) in the "Approval of Shanghai Bairun Investment Holding Group Co., Ltd. for Public Issuance of Convertible Corporate Bonds" (Zheng Jian Xu Ke [2021] No. 2939), Shanghai Bairun Investment Holding Group Co., Ltd. publicly issued 11.28 million convertible corporate bonds with a face value of 100 RMB each on September 29, 2021, totaling 1,128 million RMB. The bonds were listed and traded on the Shenzhen Stock Exchange starting November 3, 2021, under the name "Bairun Convertible Bonds" and code "127046".
According to the "Prospectus for Public Issuance of Convertible Corporate Bonds by Shanghai Bairun Investment Holding Group Co., Ltd." and relevant regulations from the CSRC, the conversion price will be adjusted according to the following formulas when the company undergoes stock dividend distribution, capital increase, issuance of new shares, or cash dividend distribution (excluding capital increase due to the conversion of these bonds):
- Stock dividend distribution or capital increase: P1 = P0 / (1 + n)
- Issuance of new shares or rights issue: P1 = (P0 + A × k) / (1 + k)
- Both of the above occur: P1 = (P0 + A × k) / (1 + n + k)
- Cash dividend distribution: P1 = P0 - D
- All three occur simultaneously: P1 = (P0 - D + A × k) / (1 + n + k)