002937SZSE
🚨 Material Event

Important Announcement Regarding Suspension of Conversion and Pre-Redemption of "Xingrui Convertible Bonds"

Ningbo Sunrise Elc Technology Co., Ltd.··7 pages

✨ AI Summary

This announcement informs holders of "Xingrui Convertible Bonds" about the upcoming suspension of conversion and mandatory redemption. The last day for conversion is June 15, 2026, after which remaining bonds will be redeemed at 100.717 yuan per bond. Holders are urged to review the redemption terms and risks, as the conversion value differs significantly from the redemption price.

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Full Translation

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Securities Code: 002937

Bond Code: 127090

Securities Abbreviation: Xingrui Technology

Bond Abbreviation: Xingrui Convertible Bond

Announcement Number: 2026-063

Ningbo Xingrui Electronic Technology Co., Ltd.

Announcement Regarding Suspension of Conversion and Pre-Redemption of "Xingrui Convertible Bonds" on the Last Half Trading Day

The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and that there are no false records, misleading statements, or major omissions.

Key Information Highlights:

  1. Last Conversion Date: June 15, 2026

June 15, 2026, is the last conversion date for "Xingrui Convertible Bonds." Holders of "Xingrui Convertible Bonds" can still convert their bonds 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 kindly reminded to be aware of investment risks.

As of the morning market close on June 15, 2026, only half a trading day remains until the suspension of conversion for "Xingrui Convertible Bonds" (June 16, 2026). Holders of "Xingrui Convertible Bonds" are strongly advised to read this announcement carefully, fully understand the relevant risks, pay attention to the last conversion time, and make prudent investment decisions.

  1. Holders of "Xingrui Convertible Bonds" are reminded to convert their bonds within the specified period.

Special Reminders:

  1. Convertible Bond Redemption Date: June 16, 2026

  2. Convertible Bond Redemption Price: 100.717 yuan/bond (including interest and taxes)

  3. Convertible Bond Redemption Funds Arrival Date: June 24, 2026

  4. Convertible Bond Trading Suspension Date: June 11, 2026

  5. Convertible Bond Conversion Suspension Date: June 16, 2026

  6. Convertible Bond Redemption Condition Fulfillment Date: May 22, 2026

  7. Convertible Bond Redemption Registration Date: June 15, 2026

  8. Issuer's Redemption Funds Arrival Date (to China Securities Depository and Clearing Corporation account): June 22, 2026

  9. Redemption Category: Full Redemption

  10. According to the arrangement, all "Xingrui Convertible Bonds" that remain unconverted after the market close on June 15, 2026, will be mandatorily redeemed. Upon completion of this redemption, "Xingrui Convertible Bonds" will be delisted from the Shenzhen Stock Exchange. Holders are reminded to convert their bonds 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 mandatory redemption due to inability to convert.

  11. Risk Warning: Given the significant difference between the current conversion value and the redemption price of "Xingrui Convertible Bonds," holders are strongly reminded to convert their bonds within the specified period. If investors fail to convert their bonds in a timely manner, they may face losses. All investors are kindly reminded to be aware of the risks.

From April 24, 2026, to May 22, 2026, the stock price of Ningbo Xingrui Electronic Technology Co., Ltd. (hereinafter referred to as "the Company") met the condition of having its closing price not lower 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." (hereinafter referred to as the "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 related matters for the redemption of "Xingrui Convertible Bonds." The relevant matters regarding the early

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