Securities Code: 002996 Securities Abbreviation: Shunbo Alloy
Bond Code: 127068 Bond Abbreviation: Shunbo Convertible Bond
Announcement No.: 2026-053
Chongqing Shunbo Aluminum Alloy Co., Ltd.
Announcement on Not Lowering 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 Notice:
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Securities Code: 002996 Securities Abbreviation: Shunbo Alloy
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Bond Code: 127068 Bond Abbreviation: Shunbo Convertible Bond
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Conversion Price: 10 RMB/share
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Conversion Period: February 20, 2023 - August 11, 2028
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As of July 29, 2026, the closing price of the company's stock has been below 85% of the current conversion price for fifteen trading days within any consecutive thirty trading days, triggering the downward adjustment clause for the conversion price.
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After deliberation and approval at the tenth meeting of the Fifth Board of Directors, the Board of Directors has decided not to lower the conversion price of "Shunbo Convertible Bond" this time. Furthermore, for the three months following the date of this Board meeting's approval (i.e., from July 30, 2026, to October 29, 2026), if the downward adjustment clause for the "Shunbo Convertible Bond" conversion price is triggered again, no downward adjustment proposal will be submitted. The period for the next trigger of the conversion price adjustment clause will be calculated from October 30, 2026. If the downward adjustment clause for the "Shunbo Convertible Bond" conversion price is triggered again, the Board of Directors will convene another meeting to decide whether to exercise the downward adjustment right for the "Shunbo Convertible Bond" conversion price.
We kindly remind investors to pay attention to investment risks.
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I. Basic Information on the Issuance and Listing of Shunbo Convertible Bonds
- Issuance of Convertible Bonds
Approved by the China Securities Regulatory Commission with "Zheng Jian Xu Ke [2022] No. 1467", the Company publicly issued 8.30 million convertible corporate bonds on August 12, 2022, with a face value of RMB 100 per bond, for a total issuance amount of RMB 830 million.
- Listing of Convertible Bonds
Approved by the Shenzhen Stock Exchange with "Shen Zheng Shang [2022] No. 863", the Company's RMB 830 million convertible corporate bonds were listed and traded on the Shenzhen Stock Exchange starting September 7, 2022, with the bond abbreviation "Shunbo Convertible Bond" and bond code "127068".
- Conversion Period of Convertible Bonds
According to the "Prospectus", the conversion period for the issued convertible corporate bonds starts from the first trading day six months after the end of the convertible corporate bond issuance period (February 20, 2023) and ends on the maturity date of the convertible corporate bonds (August 11, 2028).