Securities Code: 300351
Bond Code: 123253
Securities Abbreviation: Yongui Electric
Bond Abbreviation: Yongui Convertible Bond
Announcement Code: 2026-059
Zhejiang Yongui Electric Co., Ltd.
Announcement on Not Lowering the Conversion Price of Yongui Convertible Bonds
The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and are free from false records, misleading statements, or major omissions.
Special Reminder:
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From June 15, 2026, to July 27, 2026, the closing price of Zhejiang Yongui Electric Co., Ltd. (hereinafter referred to as the "Company") stock has been lower than 85% of the current conversion price (RMB 15.46 per share) for at least fifteen trading days within any consecutive thirty trading days, triggering the downward adjustment clause for the conversion price of "Yongui Convertible Bond".
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On July 27, 2026, the Company held the third meeting of the sixth Board of Directors, which deliberated and approved the "Proposal on Not Lowering the Conversion Price of Yongui Convertible Bonds". The Board of Directors decided not to lower the conversion price of "Yongui Convertible Bond" this time. Furthermore, for the six months from the next trading day after the Board meeting was deliberated and approved (i.e., from July 28, 2026, to January 27, 2027), if the downward adjustment clause for the conversion price of "Yongui Convertible Bond" is triggered again, no downward adjustment proposal will be submitted.
The period for the next trigger of the conversion price adjustment condition will be recalculated from January 28, 2027. If the downward adjustment clause for the conversion price of "Yongui Convertible Bond" is triggered again, the Board of Directors will fulfill the deliberation procedures in accordance with relevant regulations and decide whether to exercise the downward adjustment right of the conversion price of "Yongui Convertible Bond".