Haibo Heavy Engineering Technology Co., Ltd.
Announcement on Estimated Triggering of Downward Adjustment Conditions for Convertible Bond Conversion Price
The Company and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, and that there are no false statements, misleading representations, or material omissions.
Special Reminder:
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Security Code: 300517 Security Abbreviation: Haibo Heavy Engineering
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Bond Code: 123080 Bond Abbreviation: Haibo Convertible Bond
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Conversion Price: 11.28 RMB/share
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Conversion Period: June 8, 2021 to December 1, 2026
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According to the relevant provisions in the "Prospectus for the Offering of Convertible Corporate Bonds by Haibo Heavy Engineering Technology Co., Ltd." (hereinafter referred to as the "Prospectus"): "During the term of this convertible bond, if the closing price of the company's stock is lower than 85% of the current conversion price for at least fifteen trading days within any thirty consecutive trading days, the Company's Board of Directors has the right to propose a downward adjustment plan for the conversion price and submit it for shareholder approval."
From June 26, 2026, to July 9, 2026, the closing price of Haibo Heavy Engineering Technology Co., Ltd. stock has been lower than 85% of the current conversion price for 10 trading days, which is expected to trigger the downward adjustment condition for the "Haibo Convertible Bond" conversion price. If the condition is triggered, the Company will follow the relevant provisions of the "Shenzhen Stock Exchange Listed Company Self-Regulatory Supervision Guide No. 15 - Convertible Corporate Bonds" and the "Prospectus" to promptly fulfill the deliberation procedures and information disclosure obligations.
I. Basic Information of Convertible Corporate Bonds
(I) Overview of Convertible Bond Issuance and Listing
Approved by the China Securities Regulatory Commission's document "Zheng Jian Xu Ke [2020] No. 2085", Haibo Heavy Engineering Technology Co., Ltd. (hereinafter referred to as the "Company") issued 2.45 million convertible corporate bonds on December 2, 2020, to unspecified targets, with a face value of 100 RMB per bond, for a total issuance of 245 million RMB. The issuance method adopted priority allocation to existing shareholders, and the remaining portion after priority allocation (including the portion abandoned by existing shareholders) was issued online to public investors through the SZSE trading system. Any amount less than 245 million RMB was underwritten by the lead underwriter.
With the approval of the SZSE, this convertible corporate bond was listed and traded on the Shenzhen Stock Exchange on December 22, 2020, with the bond abbreviation "Haibo Convertible Bond" and bond code "123080".
(II) Convertible Bond Conversion Period
According to the "Prospectus", the conversion period for the convertible bonds issued by the Company is from June 8, 2021, to December 1, 2026.