Special Instructions:
- The previous conversion price of the bonds was: 14.39 CNY/share
- The adjusted conversion price of the bonds is: 14.19 CNY/share
- The effective date of the adjusted conversion price is: May 27, 2026
Shenzhen Huayang International Engineering Design Co., Ltd. (hereinafter referred to as "the Company") issued 450 million CNY of convertible bonds on July 30, 2020, with a face value of 100 CNY each, totaling 45,000,000 units (abbreviated as "Huayang Convertible Bonds," bond code "128125").
According to the regulations set by the China Securities Regulatory Commission regarding the issuance of convertible bonds, the Company will adjust the conversion price based on the relevant provisions. After the adjustment, the conversion price will be set at 14.19 CNY/share, effective from May 27, 2026.
The adjustment method is as follows:
Assuming the previous conversion price is P0, each bond's conversion price is expressed as P, and the increase in the conversion price is expressed as N.
The adjusted conversion price is calculated as: P = P0 / (1 + N)
The increase in the conversion price is calculated as: P = (P0 + ΔX) / (1 + K)
The Company will announce the adjustment of the conversion price in accordance with the relevant provisions.
The Company will implement the adjustment on May 27, 2026, based on the profit distribution plan for 2025, with the total share capital as of May 26, 2026, being 196,047,685 shares.
The adjusted conversion price of the bonds will be 14.19 CNY/share, effective from May 27, 2026.