Securities Code: 002982
Bond Code: 127060
Securities Abbreviation: Xiangjia Shares
Bond Abbreviation: Xiangjia Convertible Bond
Announcement Number: 2026-064
Hunan Xiangjia Animal Husbandry Co., Ltd.
Announcement on Downward Adjustment of 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 are free from any false records, misleading statements, or material omissions.
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Securities Code: 002982 Securities Abbreviation: Xiangjia Shares
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Bond Code: 127060 Bond Abbreviation: Xiangjia Convertible Bond
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Pre-adjustment Conversion Price: RMB 21.03/share
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Post-adjustment Conversion Price: RMB 13.80/share
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Effective Date of Post-adjustment Conversion Price: July 24, 2026
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Conversion Period: October 25, 2022 to April 18, 2028
Hunan Xiangjia Animal Husbandry Co., Ltd. (hereinafter referred to as the "Company") held the 28th meeting of the Fifth Board of Directors on July 23, 2026, and deliberated and approved the "Proposal on Downward Adjustment of the Conversion Price of Xiangjia Convertible Bonds." The relevant matters are hereby announced as follows:
I. Issuance and Listing of Convertible Corporate Bonds and Adjustment of Conversion Price
(I) Issuance of Convertible Corporate Bonds
As approved by the China Securities Regulatory Commission's "Approval for Hunan Xiangjia Animal Husbandry Co., Ltd. to Publicly Issue Convertible Corporate Bonds" (Zhengjian Permit [2021] No. 1814), Hunan Xiangjia Animal Husbandry Co., Ltd. (hereinafter referred to as the "Company") publicly issued 6.40 million convertible corporate bonds, each with a face value of RMB 100.00, issued at par. The total issuance amount was RMB 640 million. After deducting underwriting and sponsorship fees and other issuance expenses (excluding VAT), the net proceeds from this issuance were RMB 630.4635 million. 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
With the approval of the Shenzhen Stock Exchange (hereinafter referred to as the "SZSE") document "Shenzhen Shang [2022] No. 555," the Company's RMB 640 million convertible corporate bonds were listed and traded on the SZSE starting from June 10, 2022. The bond abbreviation is "Xiangjia Convertible Bond," and the bond code is "127060."
(III) Conversion Period of Convertible Corporate Bonds
According to the relevant provisions of the "Prospectus for Public Issuance of Convertible Corporate Bonds by Hunan Xiangjia Animal Husbandry Co., Ltd." (hereinafter referred to as the "Prospectus"), the conversion period for the convertible corporate bonds issued this time shall commence from the first trading day after six months from the end of the convertible corporate bond issuance date (April 25, 2022) until the maturity date of the convertible corporate bonds. That is, from October 25, 2022, to April 18, 2028 (if it falls on a statutory holiday or rest day, it shall be postponed to the first working day thereafter; interest payments during the extension period shall not be calculated separately).
(IV) Adjustment of Conversion Price of Convertible Corporate Bonds
- Determination of Initial Conversion Price
According to relevant laws and regulations and the "Prospectus," the initial conversion price of "Xiangjia Convertible Bond" is RMB 42.56 per share.