Securities Code: 300057 Bond Code: 123085 Securities Abbreviation: Wanshun New Material Announcement Number: 2026-052 Bond Abbreviation: Wanshun Convertible 2
Shantou Wanshun New Material Group Co., Ltd. Important Announcement Regarding the Upcoming Cessation of Conversion and Final Trading Day Before Redemption of Wanshun Convertible Bonds 2
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 significant omissions.
Key Information Highlights:
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Final Conversion Day for Wanshun Convertible Bonds 2: May 15, 2026 May 15, 2026, is the final conversion day for Wanshun Convertible Bonds 2. Investors holding Wanshun Convertible Bonds 2 can still convert them into shares before the market closes on this day. After the market closes on May 15, 2026, any unconverted Wanshun Convertible Bonds 2 will be mandatorily redeemed at a price of 100.87 yuan per unit (including interest and taxes). Investors may face losses if their bonds are mandatorily redeemed. As of the close of trading on May 14, 2026, there is only one trading day remaining until the cessation of conversion for Wanshun Convertible Bonds 2 (May 18, 2026).
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Bondholders wishing to convert their bonds must have a GEM trading account activated. Investors who do not meet the suitability management requirements for GEM stocks cannot convert their Wanshun Convertible Bonds 2 into shares. Investors are hereby reminded of the risk of being unable to convert.
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Investors are specially reminded to carefully read the content of this announcement, pay attention to relevant risks, note the final conversion deadline, and make investment decisions prudently.
Special Reminder:
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Bond Redemption Date: May 18, 2026
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Bond Redemption Price: 100.87 yuan/unit (including tax)
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Bond Redemption Funds Arrival Date: May 25, 2026
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Bond Trading Suspension Date: May 13, 2026
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Bond Conversion Suspension Date: May 18, 2026
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Bond Redemption Condition Met Date: April 20, 2026
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Bond Redemption Registration Date: May 15, 2026
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Issuer's Redemption Funds Arrival Date (at China Securities Depository and Clearing Corporation Limited): May 21, 2026
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Redemption Category: Full Redemption
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According to the arrangement, after the close of trading on May 15, 2026 (Redemption Registration Date), any unconverted Wanshun Convertible Bonds 2 will be mandatorily redeemed at a price of 100.87 yuan/unit (including tax). There is a significant difference between the secondary market price of Wanshun Convertible Bonds 2 and the redemption price. Bondholders are specially reminded to convert within the deadline.
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Investors who do not meet the suitability management requirements for GEM stocks cannot convert their Wanshun Convertible Bonds 2 into shares. Investors are hereby reminded of the risk of being unable to convert.
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Risk Warning: According to the arrangement, after the close of trading on May 15, 2026, any unconverted Wanshun Convertible Bonds 2 will be mandatorily redeemed at a price of 100.87 yuan/unit (including tax). Due to the significant difference between the current secondary market price of Wanshun Convertible Bonds 2 and the redemption price, bondholders are specially reminded to convert within the deadline. If investors fail to convert in time, they may face losses. Investors are requested to pay attention to investment risks.
From March 27, 2026, to April 20, 2026, the closing price of the Company's stock was not lower than 130% of the current conversion price of 4.99 yuan/share for at least fifteen trading days within any thirty consecutive trading days. This triggered the conditional redemption clause for Wanshun Convertible Bonds 2.
The Company held its Third Meeting of the Seventh Board of Directors on April 20, 2026, which deliberated and approved the "Proposal on Early Redemption of Wanshun Convertible Bonds 2." Considering the current market and the Company's actual situation, in order to optimize the Company's capital structure and reduce financial expenses, the Company agreed to exercise its early redemption right for Wanshun Convertible Bonds 2, and authorized the Company's management to handle all related matters for the subsequent redemption of Wanshun Convertible Bonds 2. The relevant matters regarding the early redemption of Wanshun Convertible Bonds 2 are hereby announced again: