Suzhou Huaya Intelligent Technology Co., Ltd.
Third Notice of Early Redemption of Huaya Convertible Bonds
The Company and all members of its board of directors guarantee the truthfulness, accuracy, and completeness of the information disclosed herein, and are free from any false representations, misleading statements, or material omissions.
Special Notice:
- Redemption Date for Convertible Bonds: July 9, 2026
- Redemption Price for Convertible Bonds: 101.011 RMB/bond (including interest and taxes). The post-tax redemption price shall be subject to the price approved by China Securities Depository and Clearing Corporation Limited Shenzhen Branch (hereinafter referred to as "CSDC").
- Trading Suspension Date: July 6, 2026
- Conversion Suspension Date: July 9, 2026
- Funds Arrival Date (Holder's Account): July 16, 2026
- According to the arrangement, any Huaya Convertible Bonds not converted into shares by the close of trading on July 8, 2026, will be mandatorily redeemed. Huaya Convertible Bondholders are reminded to convert their bonds within the specified period.
- Risk Warning: The redemption price of "Huaya Convertible Bonds" in this instance may differ significantly from its market price before the trading and conversion suspension dates. Investors who fail to convert their bonds in a timely manner may face losses. Investors are advised to be aware of investment risks.
Suzhou Huaya Intelligent Technology Co., Ltd. passed the "Proposal on Early Redemption of Huaya Convertible Bonds" at the fourth meeting of the fourth board of directors held on June 15, 2026. The company's board of directors has decided to exercise the early redemption right of "Huaya Convertible Bonds" and has authorized management to handle matters related to this convertible bond redemption. The relevant matters are hereby announced as follows:
I. Basic Information of Convertible Corporate Bonds
(1) Issuance of Convertible Corporate Bonds
Upon approval by the China Securities Regulatory Commission's "Notice on Approving the Public Offering of Convertible Corporate Bonds by Suzhou Huaya Intelligent Technology Co., Ltd." (Document No. [2022] 2756), the company publicly issued 3,400,000 convertible corporate bonds on December 16, 2022, with a face value of 100 RMB per bond, for a total issuance of 340,000,000 RMB.
(2) Listing of Convertible Corporate Bonds
With the approval of the Shenzhen Stock Exchange's "Shenzhen Listing (2023) No. 14" document, the company's 34,000,000 RMB convertible corporate bonds were listed and traded on the Shenzhen Stock Exchange starting January 16, 2023, with the bond name "Huaya Convertible Bonds" and bond code "127079".
(3) Conversion Period for Convertible Corporate Bonds
The conversion period for the convertible bonds issued by this offering starts six months after the end of the convertible bond issuance date (December 22, 2022), on the first trading day after the six-month period (June 22, 2023), and ends on the maturity date of the convertible bonds (December 15, 2028) (if it falls on a statutory holiday or rest day, it will be postponed to the first business day thereafter; interest payments during the postponed period will not be recalculated).
Note: The original start date for the conversion period of convertible corporate bonds was set for June 22, 2023. Due to the Dragon Boat Festival holiday and the weekend, the actual start date was June 26, 2023.
(4) Adjustment of Conversion Price for Convertible Corporate Bonds
The initial conversion price for the convertible corporate bonds issued in this offering was 69.39 RMB/share. This price is not lower than the average trading price of the company's A-shares for the twenty trading days prior to the announcement of the prospectus and the average trading price of the company's A-shares on the previous trading day.
According to the profit distribution plan approved by the company's 2022 Annual General Meeting of Shareholders, a cash dividend of 0.4 RMB per share (including tax) was distributed. The conversion price of "Huaya Convertible Bonds" was adjusted from 69.39 RMB/share to 68.99 RMB/share. The calculation process is as follows: P1 = P0 - D = 69.39 - 0.4 = 68.99 RMB/share. The adjusted conversion price became effective on June 6, 2023 (ex-rights and ex-dividend date).