Shanghai Yaoji Technology Co., Ltd.
Announcement on the Adjustment of the Conversion Price of Convertible Bonds
The company and all members of the board guarantee that the content of the information disclosure is true, accurate, and complete, with no false records, misleading statements, or significant omissions.
Special Reminder:
- Bond Code: 127104, Bond Abbreviation: Yaoji Convertible Bonds
- Conversion Price Before Adjustment: 20.06 RMB/share
- Conversion Price After Adjustment: 19.58 RMB/share
- Effective Date of Conversion Price Adjustment: June 10, 2026
I. Relevant Regulations on the Adjustment of the Conversion Price of Convertible Bonds
According to the approval from the China Securities Regulatory Commission regarding the registration of the issuance of convertible bonds by Shanghai Yaoji Technology Co., Ltd. (Document No. [2023] 1120), the company issued 5,831,273 RMB convertible bonds to unspecified objects on January 25, 2024, with a term of 6 years, at a face value of 100.00 RMB each, raising a total of 583,127,300.00 RMB.
According to the relevant terms in the "Prospectus for the Issuance of Convertible Bonds by Shanghai Yaoji Technology Co., Ltd." (hereinafter referred to as the "Prospectus"), if the company undergoes stock dividends, capital increases, new share issuances (excluding increases due to the conversion of the issued convertible bonds), rights issues, or cash dividends after this issuance, the conversion price will be adjusted according to the following formulas (retaining two decimal places, rounding the last digit):
- Stock dividends or capital increases: P1 = P0 ÷ (1+n)
- New share issuance or rights issue: P1 = (P0 + A × k) ÷ (1+k)
- Both of the above occur: P1 = (P0 + A × k) ÷ (1+n+k)
- Cash dividends: P1 = P0 - D
- All three occur: P1 = (P0 - D + A × k) ÷ (1+n+k)
Where:
P1 is the adjusted conversion price;
P0 is the conversion price before adjustment;
n is the stock dividend rate or capital increase rate;
A is the new share issuance price or rights issue price;
k is the new share issuance or rights issue rate;
D is the cash dividend per share.