300246SZSE
🚨 Material Event

Announcement on the Board of Directors' Proposal to Lower the Conversion Price of Baolai Convertible Bonds

Baolait Technology Co., Ltd.··5 pages

✨ AI Summary

The company's stock price has fallen below 90% of the conversion price for 15 trading days, triggering the downward adjustment clause for the Baolai Convertible Bonds. The board proposes to lower the conversion price, subject to shareholder approval, to enhance the bond's investment value and optimize the capital structure. The new conversion price will not be lower than the higher of the average stock price over the past 20 trading days and the previous day's closing price, nor below the net asset value per share.

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Full Translation

AI Translation· gemini_document

Securities Code: 300246 Bond Code: 123065 Securities Abbreviation: Baolai Bond Abbreviation: Baolai Convertible Bond Announcement Number: 2026-034

Guangdong Baolai Medical Technology Co., Ltd. Announcement on the Board of Directors' Proposal to Lower the Conversion Price of Baolai Convertible Bonds

The company and all members of the board of directors guarantee the authenticity, accuracy, and completeness of the announcement, and that there are no false records, misleading statements, or major omissions.

Special Reminder:

  1. The closing price of Guangdong Baolai Medical Technology Co., Ltd. (hereinafter referred to as the "Company") stock has been lower than 90% of the current conversion price for 15 trading days from May 12, 2026, to June 2, 2026. According to the "Prospectus for the Issuance of Convertible Corporate Bonds by Guangdong Baolai Medical Technology Co., Ltd. to Unspecified Targets" (hereinafter referred to as the "Prospectus"), the downward adjustment clause for the "Baolai Convertible Bond" conversion price has been triggered.
  2. The Company held the 10th meeting of the 9th Board of Directors on June 2, 2026, and approved the "Proposal on the Board of Directors' Proposal to Lower the Conversion Price of 'Baolai Convertible Bond'". This proposal needs to be submitted to the Company's general meeting of shareholders for deliberation. The relevant matters are hereby announced as follows:

I. Overview of Convertible Bond Issuance and Listing

(I) Basic Situation of Convertible Bond Issuance and Listing After being reviewed and approved by the Listing Committee of the ChiNext Market of the Shenzhen Stock Exchange at its 8th meeting in 2020, and with the approval of the China Securities Regulatory Commission (Document No. [2020]1831), the Company issued 2.19 million convertible corporate bonds to unspecified targets on September 4, 2020. Each bond has a face value of RMB 100, and the total issuance amount is RMB 219 million. The Company's RMB 219 million convertible corporate bonds were listed and traded on the Shenzhen Stock Exchange on September 24, 2020, with the bond abbreviation "Baolai Convertible Bond" and bond code "123065". The initial conversion price of Baolai Convertible Bond was RMB 40.54/share, and the latest conversion price is RMB 23.80/share.

(II) Adjustment or Amendment of Convertible Bond Conversion Price

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