Securities Code: 300697 Securities Abbreviation: Electric Equipment Alloy Announcement Number: 2026-026
Jiangyin Electric Equipment Co., Ltd.
Announcement on the Prospectus for the Offering of Convertible Corporate Bonds to Non-specific Objects
Sponsor (Lead Underwriter): Guosen Securities Co., Ltd.
The Company and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, and that there are no false records, misleading statements, or major omissions.
Jiangyin Electric Equipment Co., Ltd. (hereinafter referred to as the "Issuer" or "Electric Equipment Alloy") is issuing convertible corporate bonds to non-specific objects (hereinafter referred to as the "Offering" or "Alloy Convertible Bonds") with a total amount of RMB 54,500.00 million. The issuance has been approved by the China Securities Regulatory Commission (hereinafter referred to as the "CSRC") with the approval document No. Zheng Jian Xu Ke [2026] 1599.
The Alloy Convertible Bonds to be issued will be preferentially allocated to the Issuer's original shareholders registered with China Securities Depository and Clearing Corporation Limited Shenzhen Branch (hereinafter referred to as "ChinaClear Shenzhen Branch") after the close of trading on the share registration date (July 29, 2026, T-1 day). After the preferential allocation to original shareholders, the remaining portion (including the portion abandoned by original shareholders) will be issued to the public investors through the Shenzhen Stock Exchange (hereinafter referred to as "SZSE") trading system online.
The full text of the prospectus for the offering of Alloy Convertible Bonds to non-specific objects and related materials can be found on the Juchao Information Network (www.cninfo.com.cn).
I. Basic Information of the Offering
(I) Type of Securities to be Issued
The type of securities to be issued is convertible corporate bonds that can be converted into the company's shares. These convertible corporate bonds and the shares to be converted in the future will be listed on the ChiNext market of the Shenzhen Stock Exchange.
(II) Offering Scale and Number of Shares
The total amount of convertible bonds to be issued is RMB 54,500.00 million, and the number of bonds to be issued is 5,450,000 units.
(III) Face Value and Issue Price
The convertible corporate bonds to be issued will be issued at face value, with a face value of RMB 100.00 per bond.
(IV) Bond Term
The term of the convertible bonds to be issued is 6 years from the date of issuance, i.e., from July 30, 2026, to July 29, 2032 (if it falls on a non-trading day, it will be postponed to the next trading day; interest during the postponement period will not be calculated separately).
(V) Bond Interest Rate
Year 1: 0.20%, Year 2: 0.40%, Year 3: 0.60%, Year 4: 1.00%, Year 5: 1.50%, Year 6: 2.00%.
(VI) Term and Method of Principal and Interest Repayment
The convertible bonds to be issued will adopt an annual interest payment method. The principal of all convertible bonds not converted into company shares and the interest for the last year will be repaid upon maturity.
- Calculation of Annual Interest
Annual interest refers to the current interest that a convertible bondholder can receive for the total face value of convertible bonds held from the issuance date of the convertible bonds, for each full year.
The formula for calculating annual interest is:
I = B × i
I: Annual interest amount;
B: The total face value of convertible bonds held by the convertible bondholder on the interest payment registration date in the calculation year (hereinafter referred to as "current year" or "annual");
i: The annual face value interest rate of the convertible bond.