Securities Code: 300707
Bond Code: 123088
Securities Abbreviation: Weitang Industrial
Bond Abbreviation: Weitang Convertible Bond
Announcement Number: 2026-047
WUXI WEITANG INDUSTRIAL CO., LTD.
ANNOUNCEMENT REGARDING THE EXPECTED TRIGGER OF DOWNWARD ADJUSTMENT TO THE CONVERSION PRICE OF WEITANG CONVERTIBLE BONDS
The Company and the Board of Directors of the Company guarantee the truthfulness, accuracy, and completeness of the information disclosed herein, and that there are no false representations, misleading statements, or material omissions.
Special Notice:
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Securities Code: 300707 Securities Abbreviation: Weitang Industrial
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Bond Code: 123088 Bond Abbreviation: Weitang Convertible Bond
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Conversion Price: RMB 14.90 per share
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Conversion Period: June 21, 2021 to December 14, 2026
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In accordance with relevant laws and regulations and the provisions of the "Prospectus for the Issuance of Convertible Corporate Bonds by Wuxi Weitang Industrial Co., Ltd. to Unspecified Objects" (hereinafter referred to as the "Prospectus"), "During the term of the convertible bonds issued, 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 consideration."
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From June 3, 2026, to June 17, 2026, the Company has had 10 trading days where the closing price was lower than 85% of the latest conversion price, which is expected to trigger the downward adjustment condition for the "Weitang Convertible Bond" conversion price. If the condition is triggered, the Company will promptly fulfill the deliberation procedures and information disclosure obligations in accordance with the "Shenzhen Stock Exchange Listed Company Self-Regulation Supervision Guidelines No. 15 — Convertible Corporate Bonds" and the relevant provisions of the "Prospectus."
I. Basic Information on Convertible Corporate Bonds
(I) Issuance of Convertible Corporate Bonds
With the approval of the China Securities Regulatory Commission (hereinafter referred to as the "CSRC") (Document No. [2020] [blank]), the Company issued 3,013,800 convertible corporate bonds (hereinafter referred to as "Convertible Bonds") to unspecified objects on December 15, 2020, with a face value of RMB 100 per bond, a total issuance of RMB 301,380,000, and a term of 6 years.
(II) Listing of Convertible Corporate Bonds
With the approval of the Shenzhen Stock Exchange, the convertible corporate bonds were listed and traded on the Shenzhen Stock Exchange on January 6, 2021, with the bond abbreviation "Weitang Convertible Bond" and bond code "123088."
(III) Conversion Period of Convertible Bonds
The conversion period for the convertible bonds issued shall commence from the first trading day after six months from the end of the convertible bond issuance period until the maturity date of the convertible bonds, i.e., from June 21, 2021, to December 14, 2026.