002859SZSE
🚨 Material Event

Announcement on the Implementation of Early Redemption of "Jiemei Convertible Bonds" and Upcoming Trading Suspension

✨ AI Summary

Zhejiang Jiemei Electronic Technology Co., Ltd. announces the early redemption of its "Jiemei Convertible Bonds" effective June 23, 2026. The last trading day is June 16, 2026, and the last conversion day is June 22, 2026. Bondholders are urged to convert or face mandatory redemption at 101.266 yuan per bond.

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Full Translation

AI Translation· gemini_document

Securities Code: 002859 Bond Code: 128137 Securities Abbreviation: Jiemei Technology Bond Abbreviation: Jiemei Convertible Bond Announcement No.: 2026-063 Zhejiang Jiemei Electronic Technology Co., Ltd. Announcement on the Implementation of Early Redemption of "Jiemei Convertible Bonds" and Upcoming Trading Suspension The Company and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, and contains no false records, misleading statements, or major omissions. Key Information Highlights:

  1. Last Trading Day: June 16, 2026 June 16, 2026, is the last trading day for "Jiemei Convertible Bond." On this day, "Jiemei Convertible Bond" will be abbreviated as "Z Meizhuan"; after the market closes on June 16, 2026, "Jiemei Convertible Bond" will be suspended from trading.
  2. Last Conversion Day: June 22, 2026 June 22, 2026, is the last conversion day for "Jiemei Convertible Bond." Before the market closes on this day, holders of "Jiemei Convertible Bond" can still convert their bonds. After the market closes on June 22, 2026, unconverted "Jiemei Convertible Bonds" will cease to be convertible.
  3. As of the close of trading on June 15, 2026, there is only 1 trading day left until "Jiemei Convertible Bond" is suspended from trading, and 4 trading days left until "Jiemei Convertible Bond" is suspended from conversion and redemption. The Company specifically reminds holders of "Jiemei Convertible Bond" to read this announcement carefully, fully understand the relevant risks, pay attention to the last conversion time, and make prudent investment decisions. Special Reminders:
  4. Bond Redemption Date: June 23, 2026
  5. Bond Redemption Price: 101.266 yuan/bond (including interest and tax)
  6. Bond Redemption Funds Arrival Date: June 30, 2026
  7. Bond Trading Suspension Date: June 17, 2026
  8. Bond Conversion Suspension Date: June 23, 2026
  9. Convertible Bond Redemption Condition Met Date: May 29, 2026
  10. Convertible Bond Redemption Registration Date: June 22, 2026
  11. Issuer's Redemption Funds Arrival Date (to ChinaClear account): June 26, 2026
  12. Redemption Category: Full Redemption
  13. Abbreviation for the Last Trading Day Convertible Corporate Bond: Z Meizhuan
  14. According to the arrangement, all "Jiemei Convertible Bonds" that have not been converted by the close of trading on June 22, 2026, will be mandatorily redeemed. Upon completion of this redemption, "Jiemei Convertible Bond" will be delisted from the Shenzhen Stock Exchange. Holders of "Jiemei Convertible Bond" are reminded to convert their bonds within the specified period. If the "Jiemei Convertible Bonds" held by bondholders are pledged or frozen, it is recommended to release the pledge or freeze before the conversion suspension date to avoid redemption due to inability to convert.
  15. Risk Warning: Due to the significant difference between the current secondary market price of "Jiemei Convertible Bond" and the redemption price, holders of "Jiemei Convertible Bond" are reminded to convert their bonds within the specified period. If investors fail to convert their bonds in a timely manner, they may face losses. Investors are kindly requested to be aware of the risks. Zhejiang Jiemei Electronic Technology Co., Ltd. (hereinafter referred to as the "Company") held the sixth meeting of the fifth Board of Directors on May 29, 2026, and reviewed and approved the "Proposal on Early Redemption of 'Jiemei Convertible Bond'." Based on the current market and the Company's own situation, after comprehensive consideration, the Board of Directors decided to exercise the early redemption right of "Jiemei Convertible Bond" in accordance with the relevant provisions of the conditional redemption clause in the "Prospectus for Public Offering of Convertible Corporate Bonds of Zhejiang Jiemei Electronic Technology Co., Ltd." (hereinafter referred to as the "Prospectus") and authorized the management and relevant departments to be responsible for all related matters of the subsequent redemption of "Jiemei Convertible Bond." The relevant matters are hereby announced as follows: I. Basic Information of "Jiemei Convertible Bond" (I) Issuance of Convertible Bonds Approved by the China Securities Regulatory Commission's document "Zheng Jian Xu Ke [2020] No. 2323," Zhejiang Jiemei Electronic Technology Co., Ltd. publicly issued 6 million convertible corporate bonds on November 4, 2020, with a face value of 100 yuan per bond, for a total issuance

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