Securities Code: 300246
Bond Code: 123065
Securities Abbreviation: Baolight
Bond Abbreviation: Baolight Convertible Bond
Announcement Number: 2026-042
Guangdong Baolight Medical Technology Co., Ltd.
Announcement on the Expected Triggering of Downward Adjustment Conditions for Convertible Bond Conversion Price
The Company and all members of the Board of Directors guarantee that the information disclosed in this announcement is true, accurate, and complete, and that there are no false representations, misleading statements, or material omissions.
Special Reminder:
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Securities Code: 300246, Securities Abbreviation: Baolight
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Bond Code: 123065, Bond Abbreviation: Baolight Convertible Bond
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Conversion Price: RMB 18.30 per share
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Conversion Period: March 11, 2021 to September 3, 2026
According to the "Prospectus for the Issuance of Convertible Corporate Bonds to Unspecified Targets by Guangdong Baolight Medical Technology Co., Ltd." (hereinafter referred to as the "Prospectus"), during the term of the convertible corporate bonds issued by the company, if the closing price of the company's stock is less than 90% of the current conversion price for at least fifteen trading days within any thirty consecutive trading days, the Board of Directors has the right to propose a downward adjustment plan for the conversion price and submit it for shareholder meeting approval.
From June 25, 2026, to July 8, 2026, the closing price of the company's stock has fallen below 90% of the current conversion price (RMB 18.30 per share) for 10 trading days, which is expected to trigger the downward adjustment condition for the conversion price of "Baolight Convertible Bond". If the downward adjustment clause for the conversion price is triggered, the company will promptly fulfill the subsequent deliberation procedures and information disclosure obligations in accordance with the "Shenzhen Stock Exchange Listed Company Self-Regulatory Guidelines No. 15 - Convertible Corporate Bonds" and the provisions of the "Prospectus". Investors are kindly advised to pay attention to investment risks.
I. Overview of Convertible Corporate Bond Issuance and Listing
- Basic Information on Convertible Bond Issuance and Listing
After review and approval by the Listing Committee of the Shenzhen Stock Exchange ChiNext Market in its 8th meeting in 2020, and with the approval of the China Securities Regulatory Commission (Document No. CSRC License [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, with a total issuance amount of RMB 219 million.
The convertible corporate bonds issued by the company were preferentially allocated to existing shareholders registered with Shenzhen Branch of China Securities Depository and Clearing Corporation Limited as of the closing of the stock trading day. The remaining portion (including shares not taken up by existing shareholders) was issued to public investors through the Shenzhen Stock Exchange trading system, and the balance was underwritten by the sponsor (lead underwriter).
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 "Baolight Convertible Bond" and bond code "123065".
- Conversion Period of Convertible Bonds
According to the "Shenzhen Stock Exchange ChiNext Market Stock Listing Rules" and other relevant regulations and the "Prospectus", the conversion period for the "Baolight Convertible Bond" issued by the Company begins on the first trading day six months after the issuance completion date (September 10, 2020, which is the date the raised funds were credited to the issuer's account) and ends on the maturity date of the convertible corporate bonds (i.e., March 11, 2021, to September 3, 2026).
- Adjustment or Amendment of Convertible Bond Conversion Price
(1) Due to the implementation of the Company's 2020 profit distribution plan, the conversion price of "Baolight Convertible Bond" was adjusted from RMB 40.54 per share to RMB 40.14 per share. The adjusted conversion price became effective on June 28, 2021 (ex-rights and ex-dividend date). For details, please refer to the "Announcement on the Adjustment of Convertible Bond Conversion Price" (Announcement No.: 2021-050) disclosed by the Company on the Giant Information Network (www.cninfo.com.cn) on June 18, 2021.