Notice on the Early Redemption of "Xingrui Convertible Bonds" - Seventh Reminder Announcement

Securities Code and Name

Securities Code: 002937
Securities Name: Xingrui Technology
Announcement Number: 2026-052
Bond Code: 127090
Bond Name: Xingrui Convertible Bonds

Early Redemption Announcement

Ningbo Xingrui Electronic Technology Co., Ltd. (hereinafter referred to as "the Company") and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, without false records, misleading statements, or significant 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. Funds Arrival Date for Redemption: June 24, 2026
4. Trading Suspension Date for Convertible Bonds: June 11, 2026
5. Suspension Date for Conversion of Convertible Bonds: June 16, 2026
6. Condition Satisfaction Date for Redemption: May 22, 2026
7. Redemption Registration Date: June 15, 2026
8. Funds Arrival Date for Issuer (to China Securities Depository and Clearing Corporation Limited): June 22, 2026
9. Redemption Type: Full Redemption
10. Last Trading Day Convertible Bond Name: Z Rui Convertible Bonds
11. According to the arrangement, any "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 are reminded to convert their bonds within the specified period. If any "Xingrui Convertible Bonds" held by bondholders are pledged or frozen, it is recommended to lift the pledge or freeze before the suspension of conversion to avoid forced redemption due to inability to convert.
12. Risk Reminder: Due to the significant difference between the current secondary market price of "Xingrui Convertible Bonds" and the redemption price, bondholders 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 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 conditional redemption clause in the "Ningbo Xingrui Electronic Technology Co., Ltd. Prospectus for Issuing Convertible Bonds to Unspecified Objects" (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."

I. Basic Information of "Xingrui Convertible Bonds"

(1) Issuance of Convertible Bonds

Approved by the China Securities Regulatory Commission's "Approval of Ningbo Xingrui Electronic 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 and traded on the Shenzhen Stock Exchange since August 15, 2023, under the name "Xingrui Convertible Bonds" and bond code "127090."

(3) Conversion Period of Convertible Bonds

According to the relevant provisions of the Prospectus, the conversion period for the "Xingrui Convertible Bonds" is from the first trading day after six months from the end of the issuance of the convertible bonds (January 29, 2024) until the maturity date of the convertible bonds (July 23, 2029).