Securities Code: 300305
Bond Code: 123144
Securities Abbreviation: Yuxing Shares
Bond Abbreviation: Yuxing Convertible Bond
Announcement No.: 2026-046
Jiangsu Yuxing Thin Film Technology Co., Ltd.
Announcement on the Board of Directors' Proposal to Lower the Conversion Price of "Yuxing Convertible Bonds"
The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and that there are no false records, misleading statements, or major omissions.
Special Reminder:
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The closing price of the Company's stock has been below 85% of the current conversion price for 15 trading days from July 8, 2026, to July 28, 2026, triggering the downward adjustment clause for the conversion price of "Yuxing Convertible Bonds."
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On July 28, 2026, the Company held the 20th meeting of the Sixth Board of Directors, which reviewed and approved the "Proposal on the Board of Directors' Proposal to Lower the Conversion Price of 'Yuxing Convertible Bonds'." This proposal needs to be submitted to the Company's Third Extraordinary Shareholders' Meeting in 2026 for review. The relevant matters are hereby announced as follows:
I. Overview of Convertible Corporate Bonds Issuance and Listing
(I) Issuance of Convertible Corporate Bonds
With the approval of the China Securities Regulatory Commission's "Approval on the Registration of Jiangsu Yuxing Thin Film Technology Co., Ltd.'s Issuance of Convertible Corporate Bonds to Non-specific Objects" (Securities Regulatory License [2022] No. 492), the Company issued 6 million convertible corporate bonds (hereinafter referred to as "Yuxing Convertible Bonds" or "Convertible Bonds") to non-specific objects on April 11, 2022. Each bond has a face value of RMB 100, with a total issuance amount of RMB 600 million.
(II) Listing of Convertible Corporate Bonds
With the approval of the Shenzhen Stock Exchange (hereinafter referred to as "SZSE"), the convertible bonds issued by the Company were listed and traded on the SZSE starting 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 will commence six months after the issuance completion date (April 15, 2022) and will last until the maturity date of the convertible bonds, i.e., from October 17, 2022, to April 10, 2028 (if such day is a statutory holiday or non-trading day, it will be postponed to the next trading day, and interest will be paid during the postponement period).
II. Conversion Price and Adjustment of Convertible Corporate Bonds
(I) Initial Conversion Price
The initial conversion price of the convertible bonds issued in this batch was 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.
(III) Adjustment of Conversion Price
On May 18, 2022, the Company held its 2021 Annual Shareholders' Meeting and approved the "2021 Profit Distribution Plan." During the implementation of the 2021 equity distribution, based on the total share capital of 288,753,000 shares minus the repurchased shares of 4,588,200 shares, totaling 284,164,800 shares, a cash dividend of RMB 2.702949 per 10 shares (tax inclusive) was distributed to all shareholders. According to the adjustment clauses for the conversion price of convertible bonds, the conversion price of Yuxing Convertible Bonds was adjusted to RMB 13.97 per share.