Announcement on the Redemption Results of "Keli Convertible Bonds"
The company and all members of its board of directors guarantee that the information disclosed is true, accurate, and complete, and that there are no false records, misleading statements, or major omissions.
Special Notes:
- Number of "Keli Convertible Bonds" redeemed: 63,336 units
- Total amount paid for the redemption of "Keli Convertible Bonds": 6,422,587.08 RMB (excluding redemption fees)
- Arrival date of redemption funds for "Keli Convertible Bonds" investors: June 23, 2026
- Delisting date of "Keli Convertible Bonds": June 24, 2026
Issuance and Listing of Convertible Bonds
With the approval of the China Securities Regulatory Commission (hereinafter referred to as the "CSRC") in its "Approval on the Public Offering of Convertible Corporate Bonds by Shenzhen Keli Industrial Co., Ltd." (CSRC License (2022) No. 1143), the company publicly issued convertible corporate bonds (hereinafter referred to as the "Current Convertible Bond Issuance") on July 8, 2022, totaling 15,343,705 units, with a face value of RMB 100 per unit and a term of 6 years.
With the approval of the Shenzhen Stock Exchange (hereinafter referred to as the "SZSE") in its "Shenzhen Stock Exchange Letter (2022) No. 715", the company's convertible corporate bonds were listed and traded on the SZSE starting from August 3, 2022. The bond name is "Keli Convertible Bonds" and the bond code is "127066".
Adjustment of Convertible Bond Conversion Price
According to the "Keli Convertible Bonds" Initial Conversion Price Determination Basis" in the "Shenzhen Keli Industrial Co., Ltd. Convertible Corporate Bonds Prospectus" (hereinafter referred to as the "Prospectus"), the initial conversion price of "Keli Convertible Bonds" was RMB 159.35 per share. Subsequent adjustments to the conversion price due to the company's stock option exercise, equity distribution, and private placement of shares are as follows:
(1) In January 2023, from the completion of the company's convertible bond issuance to January 16, 2023, due to the first exercise period of the company's 2021 stock option incentive plan, employees exercised their options, increasing the company's total share capital by 328,683 shares relative to the pre-issuance amount. According to the "Adjustment Method and Calculation Formula for Conversion Price" in the "Prospectus", the conversion price of "Keli Convertible Bonds" was adjusted from RMB 159.35 per share to RMB 159.22 per share. The adjusted conversion price became effective on January 18, 2023. For details, please refer to the announcement disclosed by the company on January 18, 2023, in the Securities Times, China Securities Journal, Shanghai Securities News, and Securities Daily, as well as on Juchao Information Network (http://www.cninfo.com.cn) titled "Announcement on the Adjustment of the Conversion Price of 'Keli Convertible Bonds'" (Announcement No.: 2023-003).
(2) In May 2023, the company implemented its 2022 equity distribution plan, distributing a cash dividend of RMB 3.00 (tax inclusive) per 10 shares to all shareholders registered with China Securities Depository and Clearing Corporation Limited Shenzhen Branch (hereinafter referred to as "ChinaClear Shenzhen Branch") after the market close on the ex-dividend date. According to the "Adjustment Method and Calculation Formula for Conversion Price" in the "Prospectus", the conversion price of "Keli Convertible Bonds" was adjusted from RMB 159.22 per share to RMB 158.92 per share. The adjusted conversion price became effective on May 19, 2023. For details, please refer to the announcement disclosed by the company on May 13, 2023, in the Securities Times, China Securities Journal, Shanghai Securities News, and Securities Daily, as well as on Juchao Information Network (http://www.cninfo.com.cn) titled "Announcement on the Adjustment of the Conversion Price of 'Keli Convertible Bonds'" (Announcement No.: 2023-052).