Securities Code: 300305
Bond Code: 123144
Securities Abbreviation: Yuxing Shares
Bond Abbreviation: Yuxing Convertible Bond
Announcement No.: 2026-052
Jiangsu Yuxing Thin Film Technology Co., Ltd.
Announcement on Downward Adjustment of Conversion Price of "Yuxing Convertible Bond"
The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and there are no false records, misleading statements, or major omissions.
Special Reminders:
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Bond Code: 123144 Bond Abbreviation: Yuxing Convertible Bond
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Conversion Price of "Yuxing Convertible Bond" Before Adjustment: RMB 8.50 per share
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Conversion Price of "Yuxing Convertible Bond" After Adjustment: RMB 7.00 per share
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Effective Date of Adjusted Conversion Price of "Yuxing Convertible Bond": August 18, 2026
I. Overview of Convertible Corporate Bond Issuance and Listing
(I) Issuance of Convertible Corporate Bonds
With the approval of the China Securities Regulatory Commission's "Approval on Jiangsu Yuxing Thin Film Technology Co., Ltd.'s Issuance of Convertible Corporate Bonds to Non-specific Objects" (Zhengjian Xu Ke [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 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 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 by the Company shall commence from the first trading day six months after the issuance completion date (April 15, 2022) until the maturity date of the convertible bonds, i.e., from October 17, 2022, to April 10, 2028 (if such date is a statutory holiday or non-trading day, it shall be postponed to the next trading day; interest payments during the postponed period shall not be compounded).
II. History of Conversion Price Adjustments for Convertible Corporate Bonds
(I) Initial Conversion Price
The initial conversion price of the convertible bonds issued this time was RMB 14.24 per share.
(II) History of Conversion Price Adjustments
On May 18, 2022, the Company held its 2021 Annual General Meeting of Shareholders, which deliberated and approved the "2021 Profit Distribution Plan." During the implementation of the 2021 profit distribution, based on a total share capital of 288,753,000 shares minus 4,588,200 shares held in the treasury stock account, resulting in 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.
On May 5, 2023, the Company held its 2022 Annual General Meeting of Shareholders, which deliberated and approved the "2022 Profit Distribution Plan." During the implementation of the 2022 profit distribution, based on a total share capital of 288,755,800 shares minus 4,588,200 shares held in the treasury stock account, resulting in 284,167,600 shares, a cash dividend of RMB 1.178719 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 13.85 per share.