Announcement on the Early Redemption of "Xingrui Convertible Bonds"

Announcement on the Early Redemption of "Xingrui Convertible Bonds"

Securities Code: 002937
Securities Abbreviation: Xingrui Technology
Announcement Number: 2026-039
Bond Code: 127090
Bond Abbreviation: Xingrui Convertible Bonds

Ningbo Xingrui Electronics Technology Co., Ltd. (hereinafter referred to as "the Company") and all members of the Board of Directors guarantee that the content of this information disclosure is true, accurate, and complete, without false records, misleading statements, or major omissions.

Special Reminder:

1. Redemption Date of Convertible Bonds: June 16, 2026;
2. Redemption Price of Convertible Bonds: 100.717 CNY per bond (including interest and tax);
3. Date of Redemption Funds Arrival: June 24, 2026;
4. Last Trading Day of Convertible Bonds: June 11, 2026;
5. Last Day for Conversion of Convertible Bonds: June 16, 2026;
6. Date for Meeting Redemption Conditions: May 22, 2026;
7. Redemption Registration Date: June 15, 2026;
8. Date for Arrival of Redemption Funds to Issuer (to reach China Securities Depository and Clearing Corporation Limited): June 22, 2026;
9. Redemption Type: Full Redemption;
10. Last Trading Day Convertible Bond Abbreviation: Z Rui Convertible Bonds;
11. According to the arrangement, "Xingrui Convertible Bonds" that have not been converted by the close of trading on June 15, 2026, will be forcibly redeemed. After this redemption is completed, "Xingrui Convertible Bonds" will be delisted from the Shenzhen Stock Exchange. Holders of "Xingrui Convertible Bonds" are reminded to convert their bonds within the specified period. If there are any pledged or frozen "Xingrui Convertible Bonds," it is recommended to lift the pledge or freeze before the last day for conversion to avoid forced redemption due to inability to convert.
12. Risk Warning: Due to the significant difference between the current secondary market price of "Xingrui Convertible Bonds" and the redemption price, holders are reminded to convert their bonds within the specified period. If investors fail to convert in time, they may face losses; investors are advised to pay attention to the risks.

From April 24, 2026, to May 22, 2026, the Company's stock has met the condition of having at least fifteen trading days with closing prices not lower than 130% of the current conversion price of "Xingrui Convertible Bonds" (25.50 CNY/share), which is 33.15 CNY/share. According to the relevant provisions of the "Ningbo Xingrui Electronics Technology Co., Ltd. Prospectus for the Public Offering of Convertible Bonds" (hereinafter referred to as "the Prospectus"), the conditional redemption clause of "Xingrui Convertible Bonds" has been triggered. The Company held the third meeting of the fifth Board of Directors on May 22, 2026, and approved the proposal for the early redemption of "Xingrui Convertible Bonds." Considering the current market and the Company's situation, the Board of Directors decided to exercise the early redemption rights of "Xingrui Convertible Bonds" and authorized the management and relevant departments to handle all matters related to the subsequent redemption of "Xingrui Convertible Bonds." The relevant matters regarding the early redemption of "Xingrui Convertible Bonds" are announced as follows:

1. Basic Information of "Xingrui Convertible Bonds"

(1) Issuance of Convertible Bonds

Approved by the China Securities Regulatory Commission with the "Approval for Ningbo Xingrui Electronics Technology Co., Ltd. to Issue Convertible Bonds to Unspecified Objects" (Zheng Jian Xu Ke [2023] No. 1429), the Company publicly issued 4.62 million convertible bonds on July 24, 2023, with a face value of 100 CNY each, totaling 462 million CNY.

(2) Listing of Convertible Bonds

With the approval of the Shenzhen Stock Exchange, the 462 million CNY convertible bonds issued by the Company have been listed for trading on the Shenzhen Stock Exchange since August 15, 2023, under the abbreviation "Xingrui Convertible Bonds" and bond code "127090."