Securities Code: 002937
Bond Code: 127090
Securities Abbreviation: Xingrui Technology
Bond Abbreviation: Xingrui Convertible Bond
Announcement Number: 2026-062
Ningbo Xingrui Electronic Technology Co., Ltd.
Announcement on the Upcoming Suspension of Conversion and Redemption of "Xingrui Convertible Bonds" and the Last Trading Day
The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and there are no false records, misleading statements, or major omissions.
Key Information Highlights:
- Last Conversion Day: June 15, 2026
June 15, 2026, is the last day for converting "Xingrui Convertible Bonds." Investors holding "Xingrui Convertible Bonds" can still convert them before the market closes on that day. After the market closes on June 15, 2026, any unconverted "Xingrui Convertible Bonds" will cease to be convertible and will be mandatorily redeemed at a price of 100.717 yuan per bond (including interest and taxes). If mandatorily redeemed, investors may face losses. Investors are advised to be aware of investment risks.
As of the close of trading on June 12, 2026, there is only one trading day left before "Xingrui Convertible Bonds" stop converting (June 16, 2026). Holders of "Xingrui Convertible Bonds" are reminded to carefully read this announcement, fully understand the relevant risks, pay attention to the last conversion time, and make prudent investment decisions.
- Holders of "Xingrui Convertible Bonds" are reminded to convert within the specified period.
Special Reminders:
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Convertible Bond Redemption Date: June 16, 2026
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Convertible Bond Redemption Price: 100.717 yuan/bond (including interest and taxes)
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Convertible Bond Redemption Funds Arrival Date: June 24, 2026
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Convertible Bond Trading Suspension Date: June 11, 2026
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Convertible Bond Conversion Suspension Date: June 16, 2026
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Convertible Bond Redemption Condition Met Date: May 22, 2026
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Convertible Bond Redemption Registration Date: June 15, 2026
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Issuer's Redemption Funds Arrival Date (to China Securities Depository and Clearing Corporation account): June 22, 2026
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Redemption Category: Full Redemption
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According to the arrangement, all "Xingrui Convertible Bonds" that have not been converted by the close of trading on June 15, 2026, will be mandatorily redeemed. After this redemption, "Xingrui Convertible Bonds" will be delisted from the Shenzhen Stock Exchange. Holders are reminded to convert within the specified period. If the "Xingrui 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 being mandatorily redeemed due to inability to convert.
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Risk Warning: Due to the significant difference between the current conversion value and the redemption price of "Xingrui Convertible Bonds," holders are reminded to convert within the specified period. If investors fail to convert in time, they may face losses. All investors are advised to be aware of the risks.
From April 24, 2026, to May 22, 2026, the closing price of Ningbo Xingrui Electronic Technology Co., Ltd. ("the Company") stock met the condition of being no less than 130% of the current conversion price of "Xingrui Convertible Bonds" (25.50 yuan/share), which is 33.15 yuan/share, for at least fifteen trading days within any thirty consecutive trading days. According to the conditional redemption clause in the "Prospectus for the Issuance of Convertible Corporate Bonds to Unspecified Objects by Ningbo Xingrui Electronic Technology Co., Ltd." ("Prospectus"), the conditional redemption clause for "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 on Early Redemption of 'Xingrui Convertible Bonds'." Considering the current market conditions and the Company's own situation, after comprehensive consideration, the Board of Directors has decided to exercise the early redemption right of "Xingrui Convertible Bonds" and has authorized the Company's management and relevant departments to handle all subsequent matters related to the redemption of "Xingrui Convertible Bonds." The relevant matters regarding the early redemption of "Xingrui Convertible Bonds" are hereby announced as follows: