Important Statement
This report is prepared in accordance with the "Administrative Measures for the Issuance and Trading of Corporate Bonds," "Guidelines for the Professional Conduct of Bond Custodians," "Administrative Measures for Convertible Bonds," the "Custodianship Agreement for the Convertible Bonds of Qingdao Sentury Tire Co., Ltd. in 2021" (hereinafter referred to as the "Custodianship Agreement"), and other relevant regulations and agreements, public information disclosure documents, and relevant explanatory documents and materials provided by Qingdao Sentury Tire Co., Ltd. (hereinafter referred to as the "Company," "Sentury Tire," or the "Issuer"). The report is compiled by the custodian, Guotai Haitong Securities Co., Ltd. (hereinafter referred to as "Guotai Haitong Securities").
This report does not constitute a recommendation for investors to take or not take any action. Investors should make independent judgments on relevant matters.
Basic Information on Major Events
According to the "Announcement on the Downward Adjustment of the Conversion Price of Convertible Bonds" disclosed by the Issuer on June 16, 2026, the main contents are as follows:
(I) Downward Adjustment Clause for Convertible Bond Conversion Price
The terms regarding the downward adjustment of the conversion price for the "Sentury Bond" in the Company's offering prospectus are as follows:
- Adjustment Conditions and Magnitude
During the term of the convertible bonds issued, if the closing price of the Company's stock is less than 85% of the current conversion price for at least 15 trading days within any consecutive 30 trading days, the Company's board of directors has the right to propose a plan for the downward adjustment of the conversion price and submit it to the Company's shareholders' meeting for deliberation and voting.