Sinocare Inc.
Announcement Number: 2026-079
Announcement on the Expected Triggering of Downward Adjustment Conditions for the Convertible Bond Conversion Price
The Company and the Board of Directors of the Company guarantee that the information disclosed is true, accurate, and complete, and that there are no false representations, misleading statements, or material omissions.
Special Reminder:
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Security Code: 300298
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Bond Code: 123090
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Conversion Price: 34.52 RMB/share
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Conversion Period: June 25, 2021 to December 20, 2026
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From July 14, 2026, to July 27, 2026, the closing price of the stock of Sinocare Inc. (hereinafter referred to as the "Company" or "Sinocare") has been lower than 80% of the current conversion price (i.e., 27.62 RMB/share) for 10 trading days. It is expected that this will trigger the downward adjustment condition for the conversion price of "Sino-Convertible Bonds" as stipulated in the "Prospectus for the Issuance of Convertible Corporate Bonds to Non-specific Objects by Sinocare Inc." (hereinafter referred to as the "Prospectus"). If the condition for downward adjustment of the conversion price is subsequently triggered, the Company will fulfill the deliberation procedures and information disclosure obligations in a timely manner in accordance with relevant laws and regulations and the "Prospectus". Investors are kindly advised to pay attention to investment risks.
I. Basic Information of Convertible Corporate Bonds
(I) Issuance and Listing of Convertible Bonds
Upon approval by the China Securities Regulatory Commission's "Approval on the Public Issuance of Convertible Corporate Bonds by Sinocare Inc." (Zhengjianxuke [2020] No. 2951), the Company issued 5,000,000 convertible corporate bonds to non-specific objects on December 21, 2020. Each bond has a face value of RMB 100.00, and the total issuance amount is RMB 500,000,000.00.
With the approval of the Shenzhen Stock Exchange, these convertible corporate bonds were listed and traded on the Shenzhen Stock Exchange starting from January 12, 2021. The bond is named "Sino-Convertible Bond" and its bond code is "123090".
(II) Convertible Bond Conversion Period
According to the "Prospectus", the conversion period of the convertible bonds starts from the first trading day six months after the end of the convertible bond issuance and ends on the maturity date of the convertible bonds, i.e., from June 25, 2021, to December 20, 2026, convertible into company shares.