Securities Code: 002982
Bond Code: 127060
Securities Abbreviation: Xiangjia Co., Ltd.
Bond Abbreviation: Xiangjia Convertible Bond
Announcement No.: 2026-057
Hunan Xiangjia Animal Husbandry Co., Ltd.
Announcement on the Board of Directors' Proposal to Lower the Conversion Price of Xiangjia Convertible Bonds
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.
Special Reminder:
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As of July 6, 2026, Hunan Xiangjia Animal Husbandry Co., Ltd. (hereinafter referred to as the "Company") has appeared in at least fifteen of any thirty consecutive trading days with its closing price below 80% of the current conversion price, triggering the downward adjustment clause for the conversion price of "Xiangjia Convertible Bond."
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On July 6, 2026, the 27th meeting of the Fifth Board of Directors of the Company deliberated and approved the "Proposal on the Board of Directors' Proposal to Lower the Conversion Price of Xiangjia Convertible Bond," and submitted the proposal to the first extraordinary general meeting of shareholders in 2026 for deliberation.
I. Issuance and Listing of Convertible Corporate Bonds and Adjustment of Conversion Price
(I) Issuance of Convertible Corporate Bonds
Approved by the China Securities Regulatory Commission's "Approval on Hunan Xiangjia Animal Husbandry Co., Ltd.'s Public Offering of Convertible Corporate Bonds" (Zhengjian Xu Ke [2021] No. 1814), Hunan Xiangjia Animal Husbandry Co., Ltd. (hereinafter referred to as the "Company") publicly issued 6.4 million convertible corporate bonds, with a face value of RMB 100.00 per bond. The issuance was at par value, with a total issuance amount of RMB 640,000,000. After deducting underwriting and sponsorship fees and other issuance expenses (excluding value-added tax), the net proceeds from this issuance amounted to RMB 630,463,500. Tianjian Certified Public Accountants (Special General Partnership) has audited the receipt of the aforementioned raised funds and issued the "Capital Verification Report" (Tianjian Yan [2022] No. 2-8).
(II) Listing of Convertible Corporate Bonds
Approved by the Shenzhen Stock Exchange (hereinafter referred to as the "SZSE") in its document "Shenzhen Shang [2022] No. 555," the Company's RMB 640,000,000 convertible corporate bonds were listed and traded on the SZSE starting from June 10, 2022.
Bond Abbreviation: "Xiangjia Convertible Bond," Bond Code: "127060."
According to the "Prospectus" of Hunan Xiangjia Animal Husbandry Co., Ltd. for the public offering of convertible corporate bonds (hereinafter referred to as the "Prospectus"), the duration of the convertible corporate bonds is from October 25, 2022, to April 18, 2028. The period for converting bonds into shares is from April 25, 2023, to April 18, 2028 (subject to adjustments for holidays and weekends).
(III) Adjustment of Conversion Price of Convertible Corporate Bonds
The Company's convertible corporate bonds are subject to adjustment of the conversion price under the following circumstances:
- If, after the issuance of convertible corporate bonds, the Company's stock price appears in at least fifteen of any thirty consecutive trading days with its closing price below 80% of the current conversion price, the board of directors has the right to propose a downward adjustment of the conversion price, which shall be submitted to the shareholders' meeting for deliberation.