Securities Code: 300740
Securities Abbreviation: Shuiyang Co., Ltd.
Announcement No.: 2026-051
Bond Code: 123188
Bond Abbreviation: Shuiyang Convertible Bond
Shuiyang Group Co., Ltd.
Ninth Announcement on Early Redemption of "Shuiyang Convertible Bonds"
The Company and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, and contains no false records, misleading statements, or major omissions.
Special Notice:
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Convertible bond redemption date: August 4, 2026
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Convertible bond redemption price: 100.602 yuan/bond (face value plus accrued interest, with an annual interest rate of 1.80%, including tax). The post-tax redemption price will be subject to the price approved by China Securities Depository and Clearing Corporation Limited Shenzhen Branch (hereinafter referred to as "ChinaClear").
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Convertible bond redemption funds arrival date: August 11, 2026
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Trading suspension date: July 30, 2026
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Conversion suspension date: August 4, 2026
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Redemption condition met date: July 13, 2026
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Redemption registration date: August 3, 2026
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Funds arrival date (to ChinaClear account): August 7, 2026
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Redemption category: Full redemption
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Abbreviation of the last trading day's convertible bond: Z Yang Convertible Bond
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According to the arrangement, "Shuiyang Convertible Bonds" that have not been converted into shares by the close of trading on August 3, 2026, will be mandatorily redeemed. After this redemption, "Shuiyang Convertible Bonds" will be delisted from the Shenzhen Stock Exchange (hereinafter referred to as "SZSE"). Bondholders are reminded to pay attention to converting their bonds within the deadline. If bondholders have pledged or frozen their "Shuiyang Convertible Bonds," it is recommended to release the pledge or freeze before the conversion suspension date to avoid redemption due to inability to convert.
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Bondholders who convert their bonds need to have opened the GEM trading authority. Investors who do not meet the suitability management requirements for GEM stocks cannot convert their "Shuiyang Convertible Bonds" into shares. Investors are hereby reminded of the risk of not being able to convert.
Risk Warning: According to the arrangement, "Shuiyang Convertible Bonds" that have not been converted into shares by the close of trading on August 3, 2026, will be mandatorily redeemed at a price of 100.602 yuan/bond. Currently, the secondary market price of "Shuiyang Convertible Bonds" differs significantly from the redemption price. Bondholders are specially reminded to pay attention to converting their bonds within the deadline. If bondholders fail to convert their bonds in a timely manner, they may face losses. Investors are kindly requested to be aware of the risks.
I. Overview of Redemption
From June 22, 2026, to July 13, 2026, the closing price of Shuiyang Group Co., Ltd.'s (hereinafter referred to as "the Company") stock met the condition of being no less than 130% (inclusive) of the current conversion price for at least fifteen trading days within any thirty consecutive trading days. This has triggered the conditional redemption clause in the "Prospectus for the Offering of Convertible Corporate Bonds to Unspecified Objects by Shuiyang Group Co., Ltd. and Listing on the GEM" (hereinafter referred to as the "Prospectus").
On July 13, 2026, the Company convened the Second Extraordinary Meeting of the Fourth Board of Directors in 2026, which deliberated and approved the "Proposal on Early Redemption of 'Shuiyang Convertible Bonds'." Considering the current market and the Company's actual situation, after careful consideration, the Board of Directors agreed to exercise the early redemption right of "Shuiyang Convertible Bonds" and authorized the Company's management to handle all subsequent redemption matters for "Shuiyang Convertible Bonds." The relevant matters regarding the early redemption of "Shuiyang Convertible Bonds" are hereby announced as follows: