Securities Code: 300305
Bond Code: 123144
Securities Abbreviation: Yuxing Shares
Bond Abbreviation: Yuxing Convertible Bond
Announcement No.: 2026-044
Jiangsu Yuxing Thin Film Technology Co., Ltd.
Announcement on the Expected Triggering of Downward Adjustment Conditions for the Conversion Price of Yuxing Convertible Bonds
The Company and the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and that there are no false records, misleading statements, or material omissions.
Special Reminder:
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Securities Code: 300305
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Bond Code: 123144
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Conversion Price: RMB 8.50 per share
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Conversion Period: October 17, 2022 to April 10, 2028
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The closing price of the Company's stock has been below 85% of the current conversion price for 10 trading days from July 8, 2026, to July 21, 2026. If the stock price continues to be below 85% of the current conversion price, it is expected that the downward adjustment clause in the "Prospectus for the Issuance of Convertible Corporate Bonds to Unspecified Objects by Jiangsu Yuxing Thin Film Technology Co., Ltd." (hereinafter referred to as the "Prospectus") may be triggered. If the conversion price downward adjustment clause 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 Supervision Guide No. 15 — Convertible Corporate Bonds" and the "Prospectus". If the Company fails to fulfill the deliberation procedures and information disclosure obligations as required, it will be deemed that the conversion price is not adjusted this time. Investors are kindly reminded to pay attention to investment risks.
I. Overview of the Issuance and Listing of Convertible Corporate Bonds
(I) Issuance of Convertible Corporate Bonds
With the approval of the China Securities Regulatory Commission's "Approval on the Registration of the Issuance of Convertible Corporate Bonds to Unspecified Objects by Jiangsu Yuxing Thin Film Technology Co., Ltd." (Document No. [2022] 492), the Company issued 6 million convertible corporate bonds (hereinafter referred to as "Yuxing Convertible Bonds" or "Convertible Bonds") to unspecified objects on April 11, 2022, with a face value of RMB 100 per bond, for a total issuance of RMB 600 million.
(II) Listing of Convertible Corporate Bonds
With the approval of the Shenzhen Stock Exchange (hereinafter referred to as the "SZSE"), the convertible bonds issued by the Company were listed and traded on the SZSE from April 27, 2022. The bond abbreviation is "Yuxing Convertible Bond" and the bond code is "123144".
(III) Conversion Period of Convertible Bonds
The conversion period for the convertible bonds issued this time starts from the first trading day six months after the end of the issuance (April 15, 2022) until the maturity date of the convertible bonds, which is from October 17, 2022, to April 10, 2028 (if such day is a statutory holiday or a non-trading day, it shall be postponed to the next trading day; interest payments during the postponement period shall not be calculated separately).
II. Conversion Price and Adjustment of Convertible Corporate Bonds
(I) Initial Conversion Price
The initial conversion price of the convertible bonds issued this time is RMB 14.24 per share.
(II) Latest Conversion Price
As of the disclosure date of this announcement, the latest conversion price of "Yuxing Convertible Bond" is RMB 8.50 per share.