Announcement on Downward Adjustment of Conversion Price of "Sanlian Convertible Bonds"
Securities Code: 300775 Securities Abbreviation: Sanlian Defense Bond Code: 123114 Bond Abbreviation: Sanlian Convertible Bond Announcement No.: 2026-055
Xi'an Sanlian Defense Co., Ltd.
Announcement on Downward Adjustment of "Sanlian Convertible Bonds" Conversion Price
The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, without false records, misleading statements, or significant omissions.
Special Reminder:
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Bond Code: 123114, Bond Abbreviation: Sanlian Convertible Bond
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Conversion Price Before Adjustment: RMB 31.29/share
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Conversion Price After Adjustment: RMB 22.69/share
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Effective Date of Adjusted Conversion Price: July 2, 2026
I. Basic Situation of Convertible Bonds
(I) Basic Situation of Issuance and Listing of Convertible Bonds
Approved by the China Securities Regulatory Commission (CSRC) with the license No. [2021] 1352, Xi'an Sanlian Defense Co., Ltd. publicly issued 9,043,727 shares of convertible corporate bonds (hereinafter referred to as "Convertible Bonds") to unspecified targets. Each bond has a face value of RMB 100, and the total raised capital amounts to RMB 904,372,700. The Company's convertible bonds were listed and traded on the Shenzhen Stock Exchange on June 11, 2021, with the bond abbreviation "Sanlian Convertible Bond" and bond code "123114."
According to the relevant provisions of the "Shenzhen Stock Exchange ChiNext Stock Listing Rules" and the "Prospectus," the conversion period for "Sanlian Convertible Bond" starts from the date of expiration of the convertible bond issuance (May 2021).
(II) Adjustment or Amendment of Convertible Bond Conversion Price
The initial conversion price of "Sanlian Convertible Bond" was RMB 31.82/share, and the conversion price has been adjusted as follows:
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The resolution on the "Proposal on Profit Distribution Plan for 2021" was considered and approved at the 2021 Annual Shareholders' Meeting. Based on the total share capital as of the equity registration date for the 2021 profit distribution, RMB 0.90 (tax inclusive) per 10 shares was distributed to all shareholders. This dividend distribution does not involve bonus shares or capital reserve to increase share capital. According to the relevant regulations of the CSRC on the issuance of convertible corporate bonds, the conversion price of "Sanlian Convertible Bond" was adjusted from RMB 31.82/share to RMB 31.73/share. The adjusted conversion price became effective on July 4, 2022 (the ex-rights and ex-dividend date). For details, please refer to the "Announcement on Adjustment of Conversion Price of Sanlian Convertible Bond" (Announcement No.: 2022-058) disclosed by the Company on July 27, 2022, on the website of Giant Information Network (www.cninfo.com.cn).
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The Company held the 31st meeting of the third session of the Board of Directors and the 21st meeting of the supervisory board on July 8, 2022, and considered and approved the "Proposal on the Company's 2022 Restricted Stock Incentive Plan." On July 15, 2022, the Shenzhen Branch of China Securities Depository and Clearing Corporation Limited completed the registration procedures for the repurchase and cancellation of 368.00 million shares of restricted stock. For details, please refer to the "Announcement on the Company's 2022 Restricted Stock Incentive Plan Repurchase and Cancellation" disclosed by the Company on July 15, 2022. According to the issuance terms of the "Prospectus" and the relevant regulations of the CSRC on the issuance of convertible corporate bonds, the conversion price of "Sanlian Convertible Bond" was adjusted from RMB 31.73/share to RMB 31.73/share. The adjusted conversion price became effective on July 19, 2022 (the listing date of the first grant of restricted shares). For details, please refer to the "Announcement on Adjustment of Conversion Price of Sanlian Convertible Bond" (Announcement No.: 2022-072) disclosed by the Company on July 15, 2022, on the website of Giant Information Network (www.cninfo.com.cn).