Securities Code and Name
- Securities Code: 300246
- Securities Name: Baolait
- Announcement Number: 2026-031
- Bond Code: 123065
- Bond Name: Baolai Convertible Bond
Notice on Expected Trigger of Downward Adjustment Conditions for Convertible Bond Conversion Price
The company and all members of the board guarantee that the content of this announcement is true, accurate, and complete, with no false records, misleading statements, or significant omissions.
Special Reminder:
- Securities Code: 300246, Securities Name: Baolait
- Bond Code: 123065, Bond Name: Baolai Convertible Bond
- Conversion Price: 23.80 CNY/share
- Conversion Period: March 11, 2021, to September 3, 2026
According to the "Prospectus for the Public Issuance of Convertible Corporate Bonds by Guangdong Baolait Medical Technology Co., Ltd." (hereinafter referred to as the "Prospectus"), during the term of the issued convertible bonds, if the company's stock closes below 90% of the current conversion price for at least 15 trading days within any consecutive 30 trading days, the board of directors has the right to propose a downward adjustment of the conversion price and submit it for shareholder approval.
From May 12 to May 26, 2026, the company's stock has had 10 trading days where the closing price was below 90% of the current conversion price (23.80 CNY/share), indicating that the conditions for triggering the downward adjustment of the "Baolai Convertible Bond" conversion price may be met. If the adjustment clause is triggered, the company will fulfill subsequent review procedures and information disclosure obligations in accordance with the relevant regulations of the "Self-Regulatory Guidelines No. 15 for Listed Companies on the Shenzhen Stock Exchange - Convertible Corporate Bonds" and the provisions of the Prospectus. Investors are advised to pay attention to investment risks.
I. Overview of the Issuance and Listing of Convertible Corporate Bonds
- Basic Information on the Issuance and Listing of Convertible Bonds
The issuance of convertible corporate bonds was approved by the Shenzhen Stock Exchange's Growth Enterprise Market Listing Committee at its 8th review meeting in 2020 and registered with the China Securities Regulatory Commission under document [2020]1831. The company issued 2.19 million convertible corporate bonds at a par value of 100 CNY each to unspecified objects on September 4, 2020, with a total issuance amount of 2.19 billion CNY.
The issued convertible corporate bonds were preferentially allocated to original shareholders registered with the China Securities Depository and Clearing Corporation Limited Shenzhen Branch after the stock registration date. The remaining portion (including any part waived by original shareholders) was issued to the public through the Shenzhen Stock Exchange trading system, with the balance underwritten by the sponsor (lead underwriter). The 2.19 billion CNY convertible corporate bonds began trading on the Shenzhen Stock Exchange on September 24, 2020, under the name "Baolai Convertible Bond" and bond code "123065".
- Conversion Period of Convertible Bonds
According to the "Shenzhen Stock Exchange Growth Enterprise Market Listing Rules" and the provisions of the Prospectus, the conversion period for the "Baolai Convertible Bond" is from the first trading day after six months from the end of the issuance (September 10, 2020, the day the raised funds were transferred to the issuer's account) until the maturity date of the convertible corporate bonds (from March 11, 2021, to September 3, 2026).