Securities Code: 002891 Bond Code: 127076 Securities Abbreviation: Zhong Pet Shares Bond Abbreviation: Zhong Pet Convertible 2 Announcement Number: 2026-039
Yantai Zhong Pet Food Co., Ltd. Announcement on the Delisting of "Zhong Pet Convertible 2"
The Company and all members of the 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.
Redemption
Key Information Highlights:
- "Zhong Pet Convertible 2" Redemption Date: April 8, 2026
- "Zhong Pet Convertible 2" Delisting Date: April 16, 2026
- Reason for "Zhong Pet Convertible 2" Delisting: All conditional redemption clauses were triggered during the bond's term.
I. Basic Information of Convertible Corporate Bonds (I) Convertible Bond Issuance Approved by the China Securities Regulatory Commission's "Zheng Jian Xu Ke [2022] No. 2063" document, Yantai Zhong Pet Food Co., Ltd. (hereinafter referred to as the "Company") publicly issued 7,690,459.00 convertible corporate bonds on October 25, 2022. Each bond has a face value of RMB 100.00, with a total issuance amount of RMB 76,904.59 million.
(II) Convertible Bond Listing Approved by the Shenzhen Stock Exchange's "Shen Zheng Shang [2022] No. 1090" document, the Company's RMB 76,904.59 million convertible corporate bonds were listed and traded on the Shenzhen Stock Exchange starting November 21, 2022. The bond abbreviation is "Zhong Pet Convertible 2," and the bond code is "127076."
(III) Convertible Bond Conversion Period The conversion period for the convertible bonds issued by this offering shall commence from the first trading day six months after the end of the convertible bond issuance date (October 31, 2022, T+4 day) until the maturity date of the convertible bonds, i.e., from May 1, 2023 (if this day is a statutory holiday or a non-trading day, it shall be postponed to the next trading day) to October 24, 2028.
(IV) Adjustment of Convertible Bond Conversion Price
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The initial conversion price for the convertible bonds issued in this offering is RMB 28.35 per share, which is not lower than the average closing price of the Company's stock for the twenty trading days prior to the announcement of the prospectus (if there were adjustments for ex-rights and ex-dividend events during these twenty trading days, the prices of the trading days before the adjustment shall be calculated based on the adjusted prices after ex-rights and ex-dividend) and the average closing price of the stock on the preceding trading day. The conversion price shall not be adjusted upwards.
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On May 11, 2023, the Company held its 2022 Annual Shareholders' Meeting, which approved the "Proposal on the Company's 2022 Profit Distribution Plan." The Company implemented the 2022 equity distribution plan on May 23, 2023. According to the "Prospectus for the Public Offering of Convertible Corporate Bonds by Yantai Zhong Pet Food Co., Ltd." (hereinafter referred to as the "Prospectus") and the relevant regulations of the China Securities Regulatory Commission regarding the issuance of convertible corporate bonds, the conversion price of "Zhong Pet Convertible 2" was adjusted from RMB 28.35 per share to RMB 28.30 per share. The adjusted conversion price became effective on May 24, 2023. For details, please refer to the "Announcement on the Adjustment of the Conversion Price of Zhong Pet Convertible 2" (Announcement Number: 2023-040) disclosed on the Juchao Information Network (www.cninfo.com.cn), a website designated by the China Securities Regulatory Commission, on May 18, 2023.