Securities Code: 300605
Bond Code: 123173
Securities Abbreviation: Hengfeng Information
Bond Abbreviation: Hengfeng Convertible
Announcement No.: 2026-027
Hengfeng Information Technology Co., Ltd.
Announcement on the Anticipated Triggering of the Downward Adjustment Condition for the Convertible Bond Conversion Price
The Company and the entire Board of Directors guarantee that the content of this information disclosure is true, accurate, and complete, and contains no false records, misleading statements, or significant omissions.
Special Reminder:
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Securities Code: 300605 Securities Abbreviation: Hengfeng Information
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Bond Code: 123173 Bond Abbreviation: Hengfeng Convertible
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Conversion Price: 13.77 RMB/share
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Conversion Period: July 6, 2023 to December 29, 2028
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According to the relevant provisions in the "Prospectus for the Issuance of Convertible Corporate Bonds to Non-specific Objects by Hengfeng Information Technology Co., Ltd." (hereinafter referred to as the "Prospectus"): during the term of the convertible corporate bonds issued this time, if the closing price of the company's stock is lower than 80% of the current conversion price for at least fifteen trading days within any consecutive thirty 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 meeting deliberation and voting.
The closing price of the company's stock from May 29, 2026, to June 15, 2026, has been lower than 80% of the current conversion price (i.e., 11.016 RMB/share) for 10 trading days, and it is anticipated that the condition for a downward adjustment of the "Hengfeng Convertible" bond conversion price may be triggered.