Important Notice on the Last Trading Day Before the Conversion Suspension and Redemption of Si Te Convertible Bonds
Beijing Si Te Qi Information Technology Co., Ltd. and all members of the board of directors guarantee that the content of this announcement is true, accurate, and complete, with no false records, misleading statements, or significant omissions.
Important Content Reminder:
- Last conversion date for convertible bonds: May 28, 2026
May 28, 2026, is the last day for converting "Si Te Convertible Bonds." Investors holding "Si Te Convertible Bonds" can still convert their bonds before the market closes on that day. After the market closes on May 28, 2026, unconverted "Si Te Convertible Bonds" will stop conversion and will be forcibly redeemed at a price of 102.90 CNY per bond. If forcibly redeemed, investors may face losses. As of the market close on May 27, 2026, there is only one trading day left until the conversion suspension date (May 29, 2026). - Bondholders wishing to convert must open trading permissions for the ChiNext board. Investors who do not meet the suitability management requirements for ChiNext stocks cannot convert their "Si Te Convertible Bonds" into shares, and investors are particularly reminded to pay attention to the risk of being unable to convert.
- Special reminder for "Si Te Convertible Bonds" holders to pay attention to the conversion within the deadline.
Special Reminders:
- Redemption date for convertible bonds: May 29, 2026
- Redemption price for convertible bonds: 102.90 CNY per bond (including interest and tax)
- Redemption fund arrival date: June 5, 2026
- Last trading day for convertible bonds: May 26, 2026
- Last conversion day for convertible bonds: May 29, 2026
- Issuer fund arrival date: June 3, 2026
- Trigger date for redemption conditions: May 7, 2026
- Redemption registration date: May 28, 2026
- Redemption type: Full redemption
- According to the arrangement, "Si Te Convertible Bonds" that have not been converted by the market close on May 28, 2026, will be forcibly redeemed. After this redemption is completed, "Si Te Convertible Bonds" will be delisted from the Shenzhen Stock Exchange. Holders of "Si Te Convertible Bonds" are reminded to pay attention to the conversion within the deadline. If bondholders have "Si Te Convertible Bonds" that are pledged or frozen, it is recommended to lift the pledge or freeze before the conversion suspension date to avoid being redeemed due to inability to convert.
- Bondholders wishing to convert must open trading permissions for the ChiNext board. Investors who do not meet the suitability management requirements for ChiNext stocks cannot convert their "Si Te Convertible Bonds" into shares, and investors are particularly reminded to pay attention to the risk of being unable to convert.
Risk Reminder:
"Si Te Convertible Bonds" that have not been converted by the market close on May 28, 2026, will be forcibly redeemed at a price of 102.90 CNY per bond. Due to the significant difference between the current secondary market price of "Si Te Convertible Bonds" and the redemption price, holders are reminded to convert within the deadline. If investors fail to convert in time, they may face losses, and all investors are advised to pay attention to the risks.
Beijing Si Te Qi Information Technology Co., Ltd. (hereinafter referred to as "the Company") stock has met the condition of having at least fifteen trading days with a closing price not lower than 130% of the current conversion price of "Si Te Convertible Bonds" at 9.88 CNY per share (i.e., 12.844 CNY per share) from April 3, 2026, to May 7, 2026. This triggers the conditional redemption clause in the "Prospectus for the Public Issuance of Convertible Corporate Bonds by Beijing Si Te Qi Information Technology Co., Ltd." (hereinafter referred to as "the Prospectus"). The Company held the ninth meeting of the fifth board of directors on May 7, 2026, and approved the proposal for the early redemption of "Si Te Convertible Bonds." Considering the current market and the actual situation of the Company, the board of directors decided to exercise the early redemption rights of "Si Te Convertible Bonds" and authorized the management and relevant personnel to be responsible for all matters related to the subsequent redemption of "Si Te Convertible Bonds."