Securities Code: 003036
Bond Code: 127096
Securities Abbreviation: Titan Co., Ltd.
Bond Abbreviation: Titan Convertible Bond
Announcement No.: 2026-037
Zhejiang Titan Co., Ltd.
Announcement Regarding Titan Convertible Bonds Potentially Meeting Redemption Conditions
The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and that there are no false records, misleading statements, or material omissions.
Special Reminder:
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Stock Code: 003036 Stock Abbreviation: Titan Co., Ltd.
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Bond Code: 127096 Bond Abbreviation: Titan Convertible Bond
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Conversion Price: 13.20 RMB/share
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Conversion Period: May 6, 2024 to October 24, 2029
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From June 12, 2026 to June 26, 2026, the closing prices of the company's stock have been no less than 130% of the current conversion price of "Titan Convertible Bond" (13.20 RMB/share), which is 17.16 RMB/share, for 10 trading days.
According to the "Self-Regulatory Guidelines for Listed Companies of Shenzhen Stock Exchange No. 15 - Convertible Corporate Bonds" and the "Prospectus for the Issuance of Convertible Corporate Bonds to Unspecified Objects by Zhejiang Titan Co., Ltd." (hereinafter referred to as the "Prospectus"), if the conditional redemption clause of "Titan Convertible Bond" is triggered in the future, i.e., if the closing price of the company's stock is no less than 130% of the current conversion price for at least 15 trading days within any 30 consecutive trading days, the company will convene a board meeting on the day the conditional redemption clause is triggered to decide whether to redeem all or part of the outstanding "Titan Convertible Bonds" at the price of the face value plus accrued interest, and will fulfill information disclosure obligations in a timely manner.
We kindly ask investors to thoroughly understand the relevant regulations for convertible corporate bonds and to pay attention to subsequent announcements from the company and to be aware of investment risks.
I. Basic Information of Convertible Corporate Bonds
(I) Issuance and Listing of "Titan Convertible Bond"
Approved by the China Securities Regulatory Commission (Document No. SZC [2022] 2866), Zhejiang Titan Co., Ltd. (hereinafter referred to as the "Company") issued 2,955,000 convertible corporate bonds to unspecified objects on October 25, 2023. Each bond has a face value of 100 RMB, with a total issuance amount of 295,500,000 RMB. The term of the bonds is 6 years from the date of issuance.
The company's convertible bonds were listed and traded on the Shenzhen Stock Exchange from November 15, 2023, with the bond abbreviation "Titan Convertible Bond" and bond code "127096", with the consent of the Shenzhen Stock Exchange.