Securities Code: 002698 Bond Code: 127072 Securities Abbreviation: Boshi Shares Bond Abbreviation: Boshi Convertible Bonds Announcement No.: 2026-024
Harbin Boshi Automation Co., Ltd. Announcement on Not Lowering the Conversion Price of "Boshi Convertible Bonds" This Time
The Company and all members of the Board of Directors guarantee the authenticity, accuracy, and completeness of the information disclosed in this announcement, and that there are no false records, misleading statements, or material omissions.
Special Reminder:
- As of June 18, 2026, the closing price of the Company's (hereinafter referred to as the "Company") stock has fallen below 85% of the current conversion price on at least fifteen trading days within any consecutive thirty trading days (May 29, 2026, to June 18, 2026), triggering the downward adjustment clause for the conversion price of "Boshi Convertible Bonds."
- After deliberation and approval at the third meeting of the Sixth Board of Directors, the Company's Board of Directors has decided not to lower the conversion price of "Boshi Convertible Bonds" this time. Furthermore, within the next six months (from June 22, 2026, to December 21, 2026), if the stock price triggers the downward adjustment clause for the conversion price of "Boshi Convertible Bonds" again, no downward adjustment proposal will be submitted. Starting from December 22, 2026, the calculation will restart. If the downward adjustment clause for the conversion price of "Boshi Convertible Bonds" is triggered thereafter, the Company's Board of Directors will convene a meeting to decide whether to exercise the right to lower the conversion price of "Boshi Convertible Bonds."
The Company held the third meeting of the Sixth Board of Directors on June 18, 2026, and deliberated and approved the "Proposal on Not Lowering the Conversion Price of 'Boshi Convertible Bonds' This Time," the details of which are as follows:
I. Overview of Convertible Bond Issuance and Listing
(I) Convertible Bond Issuance Approved by the China Securities Regulatory Commission (hereinafter referred to as the "CSRC") with the document "Zheng Jian Xu Ke [2022] No. 2035," the Company publicly issued 4.5 million convertible corporate bonds on September 22, 2022. Each bond has a face value of RMB 100, with a total issuance amount of RMB 450 million. The term of the bonds is six years from the date of issuance.