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🚨 Material Event

Important Announcement Regarding the Impending Suspension of Conversion and Final Half Trading Day Before Redemption of "Jiemei Convertible Bonds"

✨ AI Summary

This announcement from Zhejiang Jiemei Electronic Technology Co., Ltd. informs holders that the last day to convert "Jiemei Convertible Bonds" into shares is June 22, 2026. The bonds will be compulsorily redeemed on June 23, 2026, at 101.266 yuan per bond. Investors are urged to convert or face potential losses due to the significant difference between market and redemption prices.

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Full Translation

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Securities Code: 002859 Bond Code: 128137 Securities Abbreviation: Jiemei Technology Bond Abbreviation: Jiemei Convertible Bond Announcement No.: 2026-068

Zhejiang Jiemei Electronic Technology Co., Ltd.

Announcement Regarding the Impending Suspension of Conversion and Final Half Trading Day Before Redemption of "Jiemei Convertible Bonds"

The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and that there are no false records, misleading statements, or major omissions.

Important Content Announcement:

  1. Last Conversion Day: June 22, 2026 June 22, 2026, is the last day for "Jiemei Convertible Bonds" to be converted into shares. Holders of "Jiemei Convertible Bonds" can still convert them before the market closes on that day. After the market closes on June 22, 2026, unconverted "Jiemei Convertible Bonds" will cease to be convertible. As of the morning market close on June 22, 2026, only half a trading day remains before "Jiemei Convertible Bonds" stop converting and are redeemed. The Company specially reminds holders of "Jiemei Convertible Bonds" to carefully read this announcement, fully understand the relevant risks, pay attention to the last conversion time, and make investment decisions prudently.
  2. Special Reminder: Holders of "Jiemei Convertible Bonds" are reminded to convert their bonds within the specified period.

Special Reminder:

  1. Bond Redemption Date: June 23, 2026

  2. Bond Redemption Price: 101.266 yuan/bond (including interest and taxes)

  3. Bond Redemption Funds Arrival Date: June 30, 2026

  4. Bond Trading Suspension Date: June 17, 2026

  5. Bond Conversion Suspension Date: June 23, 2026

  6. Convertible Bond Redemption Condition Met Date: May 29, 2026

  7. Convertible Bond Redemption Registration Date: June 22, 2026

  8. Issuer Redemption Funds Arrival Date (to China Securities Depository and Clearing Corporation account): June 26, 2026

  9. Redemption Category: Full Redemption

  10. Abbreviation for Convertible Bonds on the Last Trading Day: Z Jiemei Convertible Bond

  11. According to the arrangement, after the market closes on June 22, 2026, any unconverted "Jiemei Convertible Bonds" will be mandatorily redeemed. Upon completion of this redemption, "Jiemei Convertible Bonds" will be delisted from the Shenzhen Stock Exchange. Holders are reminded to convert their bonds within the specified period. If any "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.

  12. Risk Warning: Given the significant difference between the current secondary market price of "Jiemei Convertible Bonds" and the redemption price, holders are specially 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 pay attention to 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 Bonds'". Considering the current market conditions and the Company's own situation, after comprehensive consideration, the Board of Directors decided to exercise the early redemption right of "Jiemei Convertible Bonds" in accordance with the "Shenzhen Stock Exchange Listed Company Self-Regulatory Guidelines No. 15 - Convertible Corporate Bonds" and relevant regulations, as well as the conditional redemption clauses in the "Prospectus for the Public Offering of Convertible Corporate Bonds of Zhejiang Jiemei Electronic Technology Co., Ltd." (hereinafter referred to as the "Prospectus"). The management and relevant departments are authorized to handle all subsequent redemption matters for "Jiemei Convertible Bonds". The relevant matters are hereby announced as follows:

I. Basic Information of "Jiemei Convertible Bonds" (I) Convertible Bond Issuance 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. Each bond has a face value of 100 yuan, with a total issuance amount of 600 million yuan.

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