Bond Code: 300424 Bond Abbreviation: Hangxin Technology Announcement No.: 2026-011 Bond Code: 123061 Bond Abbreviation: Hangxin Convertible Bond
Guangzhou Hangxin Aviation Technology Co., Ltd. Announcement on the Preliminary Fulfillment of Redemption Conditions for Hangxin 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 any false representations, misleading statements, or material omissions.
Special Notice: Guangzhou Hangxin Aviation Technology Co., Ltd. (hereinafter referred to as "Hangxin Technology" or the "Company") has experienced a stock price where, from January 19, 2026, to March 2, 2026, the closing price of the Company's stock was not less than 130% (inclusive) of the current conversion price of "Hangxin Convertible Bonds" (RMB 14.82 per share), which is RMB 19.27 per share, on 10 out of 25 trading days. If, for five consecutive trading days in the future, the Company's stock price remains at or above 130% (inclusive) of the current conversion price for five trading days, it will trigger the conditional redemption clause of "Hangxin Convertible Bonds." According to the relevant provisions of the conditional redemption clause in the "Prospectus for the Issuance of Convertible Corporate Bonds by Guangzhou Hangxin Aviation Technology Co., Ltd. to Unspecified Objects" (hereinafter referred to as the "Prospectus"), the Company's Board of Directors will have the right to decide whether to redeem all or part of the unredeemed "Hangxin Convertible Bonds" at the price of face value plus accrued interest. We kindly ask all investors to thoroughly understand the relevant regulations for convertible corporate bonds and to pay attention to the Company's subsequent announcements and investment risks.
I. Basic Information on Convertible Corporate Bonds (I) Overview of Convertible Corporate Bond Issuance
Approved by the China Securities Regulatory Commission with the document "Zhengjian Xu Ke [2020] No. 1277," the Company publicly issued 2.5 million convertible corporate bonds on July 22, 2020. Each bond has a face value of RMB 100, with a total issuance of RMB 250 million. This public offering of convertible bonds prioritized the allocation to original shareholders registered as of the close of trading on the ex-rights and ex-dividend date. Any remaining portion (including shares from original shareholders who waived their priority allocation) was offered to public investors through the SZSE trading system. Any amount not subscribed up to RMB 250 million was underwritten by the lead underwriter.
(II) Listing Overview of Convertible Corporate Bonds With the approval of the SZSE document "Shenzhen Shang [2020] No. 721," the Company's RMB 250 million convertible corporate bonds were listed and traded on the SZSE starting from August 18, 2020. The bond abbreviation is "Hangxin Convertible Bond," and the bond code is "123061."