Securities Code: 002949 Bond Code: 128125 Securities Abbreviation: Huayang International Bond Abbreviation: Huayang Convertible Bond Announcement Number: 2026-026
Shenzhen Huayang International Engineering Design Co., Ltd. Announcement on the Expected Trigger of Downward Adjustment of Conversion Price for Huayang Convertible Bonds
The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and have no false records, misleading statements, or major omissions.
Special Notice:
- Bond Code: 128125
- Bond Abbreviation: Huayang Convertible Bond
- Conversion Price: 14.19 RMB/share
- Conversion Period: February 5, 2021 to July 29, 2026
The period for triggering the conversion price adjustment condition for this convertible bond starts from June 3, 2026. As of June 15, 2026, the company's stock closing price has been below 85% of the current conversion price of 14.19 RMB/share (i.e., 12.06 RMB/share) for 9 trading days. It is expected that the condition for downward adjustment of the conversion price may be triggered subsequently. Investors are kindly advised to pay attention to investment risks.
I. Basic Information of Convertible Corporate Bonds
Approved by the China Securities Regulatory Commission's "Approval for Shenzhen Huayang International Engineering Design Co., Ltd. to Publicly Issue Convertible Corporate Bonds" (Zhengjian Xu Ke [2020] No. 1220), the company publicly issued 4.5 million convertible corporate bonds to the public on July 30, 2020. The bonds have a term of 6 years, with a face value of RMB 100 per bond. The total issuance amount is RMB 450,000,000.00. After deducting issuance expenses, the net proceeds raised are RMB 441,070,051.61. With the approval of the Shenzhen Stock Exchange, the company's convertible corporate bonds were listed and traded on the Shenzhen Stock Exchange from August 21, 2020. The bond abbreviation is "Huayang Convertible Bond" and the bond code is "128125".
In accordance with relevant laws and regulations and the "Prospectus for Public Offering of Convertible Corporate Bonds by Shenzhen Huayang International Engineering Design Co., Ltd." (hereinafter referred to as the "Prospectus"), "Huayang Convertible Bond" can be converted into company shares from February 5, 2021, with an initial conversion price of 25.79 RMB/share.
The company's 2020 shareholders' meeting approved the "Proposal on the 2020 Profit Distribution Plan". The 2020 profit distribution plan was implemented on May 25, 2021: a cash dividend of 4.00 RMB (tax inclusive) per 10 shares was distributed to all shareholders. According to the adjustment rules for the conversion price of convertible corporate bonds, the conversion price of "Huayang Convertible Bond" was adjusted from 25.79 RMB/share to 25.39 RMB/share. The adjusted conversion price took effect on May 25, 2021.