Wens Food Group Co., Ltd.
Securities Code: 300498
Securities Abbreviation: Wens Shares
Announcement No.: 2026-76
Bond Code: 123107
Bond Abbreviation: Wens Convertible Bonds
Wens Food Group Co., Ltd. announces the expected triggering of conditions for a downward adjustment of the convertible bond conversion price. The company and all members of the board guarantee that the information disclosed is true, accurate, and complete, without false records, misleading statements, or significant omissions.
Special Reminder:
- Bond Code: 123107
- Conversion Price: 16.29 CNY/share
- Conversion Period: October 8, 2021, to March 28, 2027
- From May 19, 2026, to June 1, 2026, the closing price of Wens Food Group Co., Ltd. stock has been below 90% of the current conversion price of the "Wens Convertible Bonds" for 10 trading days, indicating the possibility of triggering the downward adjustment conditions specified in the "Prospectus for the Issuance of Convertible Corporate Bonds by Wens Food Group Co., Ltd." (hereinafter referred to as the "Prospectus"). If the above conditions are triggered, the board of directors has the right to propose a downward adjustment plan for the conversion price and submit it for shareholder approval. Investors are advised to pay attention to investment risks.
I. Basic Overview of the Convertible Bond Issuance and Listing
- Convertible Bond Issuance and Listing Status
With the approval of the China Securities Regulatory Commission regarding the registration of Wens Food Group Co., Ltd. for the issuance of convertible corporate bonds to unspecified objects (Zheng Jian Xu Ke [2021] No. 439), the company issued 92.97 million convertible corporate bonds at a face value of 100 CNY each on March 29, 2021, with a total issuance amount of 929.7 million CNY, for a term of six years from the date of issuance. With the approval of the Shenzhen Stock Exchange, the convertible bonds were listed for trading on April 21, 2021, under the abbreviation "Wens Convertible Bonds" and bond code "123107". According to the Prospectus, the conversion period for these convertible bonds is from the first trading day after six months from the end of the issuance (October 8, 2021) until the maturity date (March 28, 2027), and it is currently in the conversion period.