Securities Code: 300663
Bond Code: 123157
Securities Abbreviation: Kelan Software
Bond Abbreviation: Kelan Convertible Bond
Announcement Number: 2026-052
Beijing Kelan Software Systems Co., Ltd.
Announcement on the Expected Trigger of the Downward Adjustment Clause for the Conversion Price of "Kelan Convertible Bonds"
The Company and all members of its Board of Directors guarantee the truthfulness, accuracy, and completeness of this announcement, and that there are no false statements, misleading representations, or material omissions.
Special Reminder:
- Stock Code: 300663
Stock Abbreviation: Kelan Software
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Bond Code: 123157
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Conversion Price: 8.80 RMB/share
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Conversion Period: March 6, 2023 to August 29, 2028
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According to the relevant provisions of the "Prospectus for the Offering of Convertible Corporate Bonds to Unspecified Objects by Beijing Kelan Software Systems Co., Ltd." (hereinafter referred to as the "Prospectus"): "During the term of this convertible bond, if the closing price of the company's stock is lower than 85% of the current conversion price for at least fifteen trading days within any thirty consecutive trading days, the company's board of directors has the right to propose a downward adjustment plan for the conversion price and submit it to the company's shareholders' meeting for voting. This plan can only be implemented if it is approved by more than two-thirds of the voting rights held by the shareholders attending the meeting."
As of July 3, 2026, the closing price of Beijing Kelan Software Systems Co., Ltd.'s (hereinafter referred to as the "Company") stock has been lower than 85% of the current conversion price for 10 trading days, i.e., lower than 7.48 RMB/share. It is expected that the condition for adjusting the conversion price will be triggered subsequently. If the condition is triggered, the Company will promptly follow the deliberation procedures and information disclosure obligations in accordance with the relevant provisions of the "Shenzhen Stock Exchange Listed Company Self-Regulatory Supervision Guide No. 15 - Convertible Corporate Bonds" and the "Prospectus." Investors are kindly advised to pay attention to investment risks.
I. Basic Information of Convertible Corporate Bonds
(I) Issuance of Convertible Corporate Bonds
Approved by the China Securities Regulatory Commission's "Document No. CSRC (2022) 1567," the Company issued 4.946 million convertible corporate bonds to unspecified objects on August 30, 2022. Each bond has a face value of 100 RMB, with a total issuance amount of 494.6 million RMB. The issuance method involved priority allocation to existing shareholders, and any remaining portion (including shares not subscribed by existing shareholders) was offered to the public through the online trading system of the Shenzhen Stock Exchange.
Investors subscribed, and the portion of the subscription amount less than 494.6 million RMB was underwritten by the sponsor (lead underwriter) China Securities Co., Ltd.
(II) Listing of Convertible Corporate Bonds
With the approval of the Shenzhen Stock Exchange (hereinafter referred to as "SZSE"), the Company's 494.6 million RMB convertible corporate bonds were listed and traded on SZSE starting from September 20, 2022. The bond abbreviation is "Kelan Convertible Bond," and the bond code is "123157."
(III) Conversion Period of Convertible Corporate Bonds
According to the "Shenzhen Stock Exchange ChiNext Stock Listing Rules" and other relevant regulations and the "Prospectus," the conversion period for this convertible corporate bond is from March 6, 2023, to August 29, 2028.