I. Convening of the Board Meeting
The sixth meeting of the ninth board of directors of Jiangsu Jiuwu Hi-Tech Co., Ltd. (hereinafter referred to as the "Company") was held on July 15, 2026, at the Company's conference room via a combination of on-site and communication methods. The meeting notice was delivered to all directors via email on July 11, 2026. Nine directors were required to attend, and nine directors were actually present.
The meeting was convened by Chairman Dang Jianbing and presided over by Vice Chairman Fan Keyin. The procedures for convening, holding, and voting at this meeting complied with the relevant provisions of the Company Law of the People's Republic of China and the Articles of Association of Jiangsu Jiuwu Hi-Tech Co., Ltd. After careful deliberation by the directors, the following resolutions were formed:
II. Deliberations of the Board Meeting
(I) The "Proposal on Further Clarifying the Plan for Issuing Convertible Corporate Bonds to Non-Specific Targets" was reviewed and passed item by item.
The Company has obtained the "Reply on Approving the Registration of Jiangsu Jiuwu Hi-Tech Co., Ltd. for Issuing Convertible Corporate Bonds to Non-Specific Targets" (Zheng Jian Xu Ke [2026] No. 1600) issued by the China Securities Regulatory Commission (hereinafter referred to as the "CSRC"), approving the Company's registration application for issuing convertible corporate bonds (hereinafter referred to as "Convertible Bonds") to non-specific targets. In accordance with the authorization of the Company's general meeting of shareholders, the board of directors has further clarified the plan for this issuance of Convertible Bonds based on relevant laws and regulations, the actual situation of the Company, and market conditions. The specific contents are as follows:
- Type of Securities Issued
The type of securities issued is convertible bonds that can be converted into the Company's A-share stocks. These convertible bonds and the A-share stocks converted in the future will be listed on the Shenzhen Stock Exchange.
Voting results: 9 votes in favor, 0 against, 0 abstentions.
- Issuance Scale
The total amount of funds raised from this issuance of convertible bonds is 300,000,000 RMB (inclusive), with an issuance quantity of 3,000,000 units.
- Face Value and Issuance Price
The face value of each convertible bond issued is 100 RMB, issued at face value.
- Bond Maturity
The maturity of the convertible bonds issued is 6 years from the date of issuance.
- Coupon Rate
The rates are 0.2% for the first year, 0.4% for the second year, 0.8% for the third year, 1.5% for the fourth year, 2.0% for the fifth year, and 2.5% for the sixth year.
- Term and Method of Principal and Interest Repayment
The convertible bonds issued will pay interest once a year, and the principal of all unconverted convertible bonds and the interest for the final year will be repaid upon maturity.
(1) Calculation of Interest for Interest-Bearing Years
Interest for an interest-bearing year (hereinafter referred to as "Annual Interest") refers to the current interest that a convertible bond holder is entitled to based on the total face value of the convertible bonds held by them for every full year from the first day of issuance.
The formula for calculating Annual Interest is: I=B×i
I: Annual interest amount; B: Total face value of convertible bonds held by the holder on the interest payment record date of the interest-bearing year (hereinafter referred to as "Current Year" or "Each Year"); i: Coupon rate of the convertible bonds for the current year.