Securities Code: 300614
Bond Code: 123175
Securities Abbreviation: Baichuan Jingyin
Bond Abbreviation: Baichang Convertible Bond
Announcement No.: 2026-046
Henan Baichuan Jingyin Environmental Energy Co., Ltd.
Announcement on Anticipated Triggering of Convertible Bond Conversion Price Downward Adjustment Conditions
The Company and all members of its Board of Directors guarantee the content of this information disclosure is true, accurate, and complete, and that there are no false records, misleading statements, or major omissions.
Special Reminder:
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Securities Code: 300614 Securities Abbreviation: Baichuan Jingyin
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Bond Code: 123175 Bond Abbreviation: Baichang Convertible Bond
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Conversion Price: 20.40 RMB/share
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Conversion Period: August 28, 2023 to February 21, 2029 (if this day is a statutory holiday or non-trading day, it will be postponed to the next trading day)
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As of the disclosure date of this announcement, the Company's stock has had 10 trading days from July 15, 2026 to July 28, 2026 where the closing price was lower than 85% of the current conversion price. If the Company's stock closing price continues to be lower than 85% of the current conversion price, it is expected to trigger the downward adjustment condition for the conversion price of "Baichang Convertible Bond". If the conditions are triggered, the Company will convene a board meeting on the day the conditions are triggered to review and decide whether to adjust the conversion price, and will promptly fulfill its information disclosure obligations. Investors are kindly reminded to pay attention to investment risks.
I. Convertible Corporate Bond Issuance and Listing Status
(I) Convertible Corporate Bond Issuance Status
With the approval of the China Securities Regulatory Commission (hereinafter referred to as "CSRC") in the "Reply on Approving the Registration of Henan Baichuan Jingyin Environmental Energy Co., Ltd. to Issue Convertible Corporate Bonds to Unspecified Objects" (Zheng Jian Xu Ke (2022) No. 2646), Henan Baichuan Jingyin Environmental Energy Co., Ltd. (hereinafter referred to as the "Company") issued 4.20 million convertible corporate bonds to unspecified objects on February 22, 2023. Each bond has a face value of RMB 100, with a total issuance amount of RMB 420 million. The issuance method was to prioritize the allocation to existing shareholders registered at the close of the equity registration date. The remaining portion after the priority allocation to existing shareholders (including the portion of existing shareholders who waived their priority allocation rights) was issued to public investors through the Shenzhen Stock Exchange's trading system. The underwriting syndicate (main underwriter) will underwrite any portion of the subscription amount that is less than RMB 420 million.
(II) Convertible Corporate Bond Listing Status
With the approval of the Shenzhen Stock Exchange, the Company's RMB 420 million convertible corporate bonds were listed and traded on the Shenzhen Stock Exchange starting from March 17, 2023. The bond abbreviation is "Baichang Convertible Bond" and the bond code is "123175".