Securities Code: 002996 Bond Code: 127068 Securities Abbreviation: Shunbo Alloy Bond Abbreviation: Shunbo Convertible Announcement Number: 2026-036 Chongqing Shunbo Aluminum Alloy Co., Ltd. Announcement on the Board of Directors' Proposal to Lower the Conversion Price of Shunbo Convertible Bonds The Company and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, and that there are no false records, misleading statements, or major omissions.
Special Reminder:
- As of June 22, 2026, the closing price of Chongqing Shunbo Aluminum Alloy Co., Ltd. (hereinafter referred to as the "Company") stock has fallen below 85% of the current conversion price for at least fifteen trading days within any consecutive thirty trading days, triggering the condition for a downward adjustment of the "Shunbo Convertible" conversion price.
- The Company held the Seventh Meeting of the Fifth Board of Directors on June 22, 2026, and deliberated and passed the "Proposal on the Board of Directors' Proposal to Lower the Conversion Price of Shunbo Convertible Bonds." This proposal still needs to be submitted to the Company's shareholders' meeting for deliberation.
I. Basic情况 of Shunbo Convertible Bond Issuance and Listing
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Issuance of Convertible Bonds Approved by the China Securities Regulatory Commission's "Document No. (2022) 1467," the Company publicly issued 8.30 million convertible corporate bonds on August 12, 2022. Each bond has a face value of RMB 100, with a total issuance amount of RMB 830 million.
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Listing of Convertible Bonds Approved by the Shenzhen Stock Exchange's "Document No. SZSE (2022) 863," the Company's RMB 830 million convertible corporate bonds were listed and traded on the Shenzhen Stock Exchange starting from September 7, 2022. The bond abbreviation is "Shunbo Convertible," and the bond code is "127068."
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Conversion Period of Convertible Bonds According to the provisions of the "Prospectus," the conversion period for the convertible corporate bonds issued this time is from the first trading day six months after the end of the convertible corporate bond issuance period (February 20, 2023) to the maturity date of the convertible corporate bonds (August 11, 2028).
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Adjustment of Conversion Price of Convertible Bonds The Company disclosed the "Announcement on the Implementation of 2022 Annual Equity Distribution" (Announcement Number: 2023-045) on April 25, 2023. In accordance with relevant regulations and the "Prospectus," the conversion price needs to be adjusted. The conversion price of "Shunbo Convertible" was adjusted from RMB 20.43 per share to RMB 20.38 per share, and the adjusted conversion price became effective from May 5, 2023. For details, please refer to the "Announcement on the Adjustment of the Conversion Price of Convertible Corporate Bonds" (Announcement Number: 2023-046) disclosed by the Company on the same day on the Juchao Information Network (www.cninfo.com.cn).