Securities Code: 300614
Bond Code: 123175
Securities Abbreviation: Baichuan Changyin
Bond Abbreviation: Baichang Convertible Bond
Announcement No.: 2026-049
Henan Baichuan Changyin Environmental Protection Co., Ltd.
Announcement on the Preliminary Trigger of Downward Adjustment Conditions for Convertible Bond Conversion Price
The Company and the entire Board of Directors guarantee that the information disclosed is true, accurate, and complete, and contains no false records, misleading statements, or significant omissions.
Special Reminder:
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Securities Code: 300614 Securities Abbreviation: Baichuan Changyin
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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 extended 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 between August 5, 2026, and August 18, 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. Issuance and Listing of Convertible Corporate Bonds
(I) Issuance of Convertible Corporate Bonds
With the approval of the China Securities Regulatory Commission (hereinafter referred to as the "CSRC") in the "Reply on Approving the Registration of Henan Baichuan Changyin Environmental Protection Co., Ltd. for Issuing Convertible Corporate Bonds to Unspecified Objects" (Securities Regulatory License (2022) No. 2646), Henan Baichuan Changyin Environmental Protection Co., Ltd. (hereinafter referred to as the "Company") issued 4.2 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 not taken up by existing shareholders) was issued to public investors through the Shenzhen Stock Exchange's trading system. The underwriting by the sponsor (lead underwriter) was for the portion where the subscription amount was less than RMB 420 million.