Announcement on Early Redemption of "Zhongchong Convertible Bond 2" and Last Trading Day Reminder
Yantai Zhongchong Food Co., Ltd. and all members of the board guarantee that the information disclosed is true, accurate, and complete, with no false records, misleading statements, or significant omissions.
Special Reminder:
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Last Trading Day: April 1, 2026
As of the close on March 31, 2026, there is only one trading day left before "Zhongchong Convertible Bond 2" stops trading. April 1, 2026, is the last trading day for "Zhongchong Convertible Bond 2," referred to as "Z Bond 2" on that day; trading will cease after the close on April 1, 2026. -
Last Conversion Day: April 7, 2026
April 7, 2026, is the last conversion day for "Zhongchong Convertible Bond 2." Investors holding "Z Bond 2" can still convert their bonds before the market closes on that day; conversion will cease after the close on April 7, 2026. -
As of the close on March 31, 2026, there is only one trading day left until "Zhongchong Convertible Bond 2" stops trading (April 2, 2026) and four trading days until the conversion/redemption date (April 8, 2026). The company reminds investors to read this announcement carefully, pay attention to related risks, and trade "Z Bond 2" cautiously.
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Risk Warning:
The redemption price for "Zhongchong Convertible Bond 2" may differ significantly from its market price before trading and conversion cease. Holders are reminded to convert their bonds within the deadline. Failure to convert in time may result in losses; investors should be aware of investment risks. -
Redemption Price for "Zhongchong Convertible Bond 2": 100.678 CNY per bond (including interest and tax, with an annual interest rate of 1.50%). The after-tax redemption price will be based on the price approved by China Securities Depository and Clearing Corporation Limited Shenzhen Branch (hereinafter referred to as "CSDC").
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Trigger Date for Conditional Redemption Clause: March 13, 2026
| Item | Date |
|---|---|
| Redemption Registration Date | April 7, 2026 |
| Redemption Date | April 8, 2026 |
| Trading Cessation Date | April 2, 2026 |
| Conversion Cessation Date | April 8, 2026 |
| Funds Arrival Date for Issuer | April 13, 2026 |
| Funds Arrival Date for Investors | April 15, 2026 |
| Redemption Type | Full Redemption |
| Last Trading Day for Convertible Bond | Z Bond 2 |
- According to the arrangement, all "Zhongchong Convertible Bond 2" that have not been converted by the close on April 7, 2026, will be forcibly redeemed. Holders are reminded to convert their bonds within the deadline. After this redemption is completed, "Zhongchong Convertible Bond 2" will be delisted from the Shenzhen Stock Exchange.
The stock price of Yantai Zhongchong Food Co., Ltd. has not been lower than 130% of the current conversion price of "Zhongchong Convertible Bond 2" (i.e., 27.46 CNY/share) for fifteen trading days from February 13, 2026, to March 13, 2026 (i.e., 35.70 CNY/share). According to the relevant provisions of the conditional redemption clause in the "Public Offering of Convertible Corporate Bonds Prospectus" (hereinafter referred to as "Prospectus"), the conditional redemption clause for "Zhongchong Convertible Bond 2" has been triggered. The company held the 22nd (temporary) meeting of the fourth board of directors on March 13, 2026, and approved the proposal for the early redemption of "Zhongchong Convertible Bond 2." Considering the current market and the company's situation, the board decided to exercise the early redemption rights for "Zhongchong Convertible Bond 2" and authorized the management to handle all related matters for the subsequent redemption of "Zhongchong Convertible Bond 2."