Securities Code: 300112
Bond Code: 123112
Securities Abbreviation: Wanxun Electric Control
Bond Abbreviation: Wanxun Convertible Bond
Announcement No.: 2026-042
Shenzhen Wanxun Electric Control Co., Ltd.
Announcement on Downward Adjustment of Conversion Price of "Wanxun Convertible Bonds"
The Company and all members of the Board of Directors guarantee the content of the information disclosure is true, accurate, and complete, and that there are no false records, misleading statements, or major omissions.
Special Reminder:
Bond Code: 123112 Bond Abbreviation: Wanxun Convertible Bond
▶ Previous Conversion Price: RMB 8.32/share
▶ Revised Conversion Price: RMB 6.43/share
▶ Effective Date of Conversion Price Adjustment: July 13, 2026
I. Basic Information of "Wanxun Convertible Bonds"
- Issuance and Listing
With the approval of the China Securities Regulatory Commission's "Approval on the Registration of Shenzhen Wanxun Electric Control Co., Ltd. for Issuing Convertible Corporate Bonds to Unspecified Targets" (CSRC License [2021] No. 662), the Company issued 2,457,212 convertible corporate bonds to unspecified targets on April 8, 2021. Each bond has a face value of RMB 100, with a total issuance of RMB 245,721,200. The term is 6 years, from April 8, 2021, to April 7, 2027. With the approval of the Shenzhen Stock Exchange, the Company's RMB 245,721,200 convertible corporate bonds were listed and traded on the Shenzhen Stock Exchange on April 23, 2021, with the bond abbreviation "Wanxun Convertible Bond" and bond code "123112".
- Conversion Period of "Wanxun Convertible Bonds"
According to the "Prospectus for Shenzhen Wanxun Electric Control Co., Ltd.'s Issuance of Convertible Corporate Bonds to Unspecified Targets on the ChiNext Market" (hereinafter referred to as the "Prospectus"), the conversion period of convertible bonds begins on the first trading day after six months from the end of the convertible bond issuance period until the maturity date of the convertible bonds, i.e., from October 14, 2021, to April 7, 2027.
- Conversion Price Adjustment
The initial conversion price of the convertible bonds issued in this offering was RMB 9.13/share. On May 28, 2021, the Company completed its 2020 equity distribution. The conversion price of "Wanxun Convertible Bonds" was adjusted from the initial conversion price of RMB 9.13/share to RMB 8.93/share. The adjusted conversion price became effective on May 28, 2021. For details, please refer to the "Announcement on the Adjustment of Convertible Corporate Bond Conversion Price" (Announcement No.: 2021-052) published by the Company on the Juchao Information Network (www.cninfo.com.cn) on May 22, 2021.
On May 31, 2022, the Company completed its 2021 equity distribution. The conversion price of "Wanxun Convertible Bonds" was adjusted from RMB 8.93/share to RMB 8.73/share. The adjusted conversion price became effective on May 31, 2022. For details, please refer to the "Announcement on the Adjustment of Convertible Corporate Bond Conversion Price" (Announcement No.: 2022-042) published by the Company on the Juchao Information Network (www.cninfo.com.cn) on May 23, 2022.
On May 30, 2023, the Company completed the registration of the first type of restricted shares granted under the 2023 Restricted Stock Incentive Plan. The total share capital of the Company increased from 287,941,277 shares to 293,646,277 shares. The newly added shares were listed on June 2, 2023. The conversion price of "Wanxun Convertible Bonds" was adjusted from RMB 8.73/share to RMB 8.66/share. The adjusted conversion price became effective on June 2, 2023. For details, please refer to the "Announcement on the Adjustment of Convertible Corporate Bond Conversion Price" (Announcement No.: 2023-052) published by the Company on the Juchao Information Network (www.cninfo.com.cn) on May 30, 2023.