Securities Code: 300605 Securities Abbreviation: Hengfeng Information Bond Code: 123173 Bond Abbreviation: Hengfeng Convertible Bond Announcement No.: 2026-029
Hengfeng Information Technology Co., Ltd. Announcement on the Board of Directors' Proposal to Lower the Conversion Price of "Hengfeng Convertible Bonds"
The Company and all members of the Board of Directors guarantee the content of the information disclosed is true, accurate, and complete, and that there are no false records, misleading statements, or material omissions.
Special Reminder:
- Securities Code: 300605 Securities Abbreviation: Hengfeng Information
- Bond Code: 123173 Bond Abbreviation: Hengfeng Convertible Bond
- Conversion Price: RMB 13.77 per share
- Conversion Period: July 6, 2023 to December 29, 2028
- Hengfeng Information Technology Co., Ltd. (hereinafter referred to as the "Company") has had its closing prices below 80% of the current conversion price (i.e., RMB 11.016 per share) for 15 trading days from May 29, 2026, to June 23, 2026, triggering the downward adjustment clause for the conversion price of "Hengfeng Convertible Bond."
- On June 23, 2026, the Company held the 17th meeting of the Fourth Board of Directors and approved the "Proposal on the Board of Directors' Proposal to Lower the Conversion Price of 'Hengfeng Convertible Bond'." This proposal needs to be submitted to the Company's shareholders' meeting for deliberation. The relevant matters are hereby announced as follows:
I. Basic Information of Convertible Corporate Bonds
(I) Issuance of Convertible Corporate Bonds Approved by the China Securities Regulatory Commission (hereinafter referred to as the "CSRC") in the "Approval on the Registration of Hengfeng Information Technology Co., Ltd. for Issuing Convertible Corporate Bonds to Unspecified Objects" (Securities Regulatory License [2022] No. 2367), Hengfeng Information Technology Co., Ltd. (hereinafter referred to as the "Company") issued 2,424,357 convertible corporate bonds to unspecified objects on December 30, 2022. The bonds have a face value of RMB 100 per bond, were issued at face value, and the total amount of capital raised was RMB 242,435,700.00. After deducting underwriting and sponsorship fees of RMB 3,880,983.59 (excluding VAT), the actual amount of capital raised was RMB 238,554,716.41. After deducting other issuance expenses (excluding tax) of RMB 1,900,841.31 (including verification fees, legal fees, etc.), the net capital raised was RMB 236,653,875.10. The above capital raised was in place on January 6, 2023. It was verified by the Certified Public Accountants (Special General Partnership) of ZhiTong, who issued the ZhiTong Verification Letter (2023) No. 442C000009.
(II) Listing of Convertible Corporate Bonds With the approval of the Shenzhen Stock Exchange, the Company's convertible bonds were listed and traded on the Shenzhen Stock Exchange starting from February 8, 2023. The bond abbreviation is "Hengfeng Convertible Bond" and the bond code is "123173."