Securities Code: 300112
Bond Code: 123112
Securities Abbreviation: Wan Xun Auto-Control
Bond Abbreviation: Wan Xun Convertible Bond
Announcement Number: 2026-045
Shenzhen Wan Xun Auto-Control Co., Ltd.
Announcement Regarding Shenzhen Wan Xun Auto-Control Co., Ltd. "Wan Xun Convertible Bond" 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 significant omissions.
Special Reminder:
From August 6, 2026, to August 19, 2026, the closing price of the company's stock has been no less than 130% of the current conversion price of the "Wan Xun Convertible Bond" (RMB 6.43/share), which is RMB 8.36/share. According to the provisions of the "Prospectus for the Offering of Convertible Corporate Bonds to Unspecified Targets by Shenzhen Wan Xun Auto-Control Co., Ltd." (hereinafter referred to as the "Prospectus"), a conditional redemption clause may be triggered subsequently. At that time, the company's board of directors has the right to decide to redeem all or part of the unexercised "Wan Xun Convertible Bonds" at the price of face value plus accrued interest.
We kindly ask investors to thoroughly understand the relevant regulations for convertible corporate bonds and to pay attention to the company's subsequent announcements in a timely manner, and to be aware of investment risks.
I. Basic Information of "Wan Xun Convertible Bond"
- Issuance and Listing Status
With the approval of the "Approval Regarding the Registration of Shenzhen Wan Xun Auto-Control Co., Ltd.'s Offering of Convertible Corporate Bonds to Unspecified Targets" (Issuance Permit [2021] No. 662) issued by the China Securities Regulatory Commission, Shenzhen Wan Xun Auto-Control Co., Ltd. (hereinafter referred to as 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, and the duration is 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 starting from April 23, 2021. The bond abbreviation is "Wan Xun Convertible Bond," and the bond code is "123112."
- Conversion Period
According to the "Prospectus," the conversion period for "Wan Xun Convertible Bond" will commence from the first trading day six months after the issuance ends until the maturity date of the bond, which is October 14, 2027.
- Share Price Adjustment
The initial conversion price of the convertible bonds issued by the company was RMB 9.13/share. After the adjustment, the conversion price of the convertible bonds issued by the company was RMB 8.93/share as of May 28, 2020. For details, please refer to the announcement published by the company on the website of the Securities Times and CNINFO (www.cninfo.com.cn) on May 28, 2020, titled "Announcement on the Adjustment of the Conversion Price of Convertible Bonds" (Announcement Number: 2021-052).