Securities Code: 300697
Securities Abbreviation: Electric Alloy
Announcement No.: 2026-025
Jiangyin Electric Alloy Co., Ltd.
Resolution Announcement of the 14th Meeting of the Fourth Board of Directors
The Company and all members of the Board of Directors guarantee the content of the information disclosure is true, accurate, and complete, and there are no false records, misleading statements, or major omissions.
I. Convening of the Board Meeting
Jiangyin Electric Alloy Co., Ltd. (hereinafter referred to as the "Company") issued the notice of the 14th meeting of the Fourth Board of Directors to all directors on July 22, 2026. The meeting was held via written voting on July 27, 2026, at 3:30 PM. Five directors were eligible to vote, and five directors actually voted. The meeting was presided over by Chairman Mr. Chen Yepeng, and senior management personnel of the Company attended the meeting as non-voting attendees. The convocation, holding, and voting procedures of this meeting comply with the "Company Law of the People's Republic of China," laws and regulations, normative documents, and the "Articles of Association."
II. Deliberation of the Board Meeting
The following proposals were deliberated and approved at the meeting:
(I) Each proposal was deliberated and approved one by one: "Proposal on Further Clarifying the Company's Plan for Issuing Convertible Corporate Bonds to Unspecified Targets"
The Company has obtained the "Approval on the Registration of Jiangyin Electric Alloy Co., Ltd. for Issuing Convertible Corporate Bonds to Unspecified Targets" (Securities Regulatory License [2026] No. 1599) issued by the China Securities Regulatory Commission (hereinafter referred to as the "CSRC"), agreeing to the Company's registration application for issuing convertible corporate bonds to unspecified targets. Based on the authorization of the Company's shareholders' meeting, the Company's Board of Directors, in accordance with the requirements of relevant laws and regulations, and combined with the Company's actual situation and market conditions, has further clarified the plan for this issuance of convertible corporate bonds, the specific content of which is as follows:
- 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 future converted shares will be listed on the GEM of the Shenzhen Stock Exchange.
Voting Result: 5 votes in favor, 0 votes against, 0 abstentions. This proposal was approved.
- Scale and Number of Issuance
The total amount of convertible bonds to be issued is RMB 545,000,000, and the number of shares to be issued is 5,450,000.
- 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.
- 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 the date falls on a non-trading day, it will be postponed to the first trading day thereafter; interest payments during the postponement period will not be compounded).
- 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%.
- Repayment and Interest Payment Term and Method
The convertible bonds to be issued will adopt an annual interest payment method. The principal of all unconverted convertible bonds will be repaid upon maturity, along with the interest for the last year.