Securities Code: 300787 Bond Code: 123193 Securities Abbreviation: Haineng Industrial Bond Abbreviation: Haineng Convertible Bond Announcement Number: 2026-038
Anfu County Haineng Industrial Co., Ltd. Announcement on Not Lowering the Conversion Price of "Haineng Convertible Bond"
The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and that there are no false records, misleading statements, or major omissions.
Special Notice:
- From May 21, 2026, to June 10, 2026, the stock of Anfu County Haineng Industrial Co., Ltd. experienced at least fifteen trading days out of any thirty consecutive trading days where the closing price was lower than 85% of the current conversion price (i.e., RMB 12.33 per share), triggering the condition for a downward adjustment of the "Haineng Convertible Bond" conversion price.
- On June 10, 2026, the Company held the fourth meeting of the fifth Board of Directors, which deliberated and approved the "Proposal on Not Lowering the Conversion Price of 'Haineng Convertible Bond'". The Board of Directors decided not to lower the conversion price of "Haineng Convertible Bond" this time. Furthermore, for a period of six months from the next trading day after this Board meeting resolution (from June 11, 2026, to December 10, 2026), if the condition for a downward adjustment of the "Haineng Convertible Bond" conversion price is triggered again, no downward adjustment proposal will be submitted. After this period (starting from December 11, 2026), if the condition for a downward adjustment of the "Haineng Convertible Bond" conversion price is triggered again, the Company's Board of Directors will convene another meeting to decide whether to exercise the downward adjustment right of the "Haineng Convertible Bond" conversion price.
I. Basic Information of Convertible Corporate Bonds (I) Issuance of Convertible Bonds With the approval of the China Securities Regulatory Commission's Permit [2023] No. 225, "Approval for the Registration of Anfu County Haineng Industrial Co., Ltd.'s Issuance of Convertible Corporate Bonds to Unspecified Objects," Anfu County Haineng Industrial Co., Ltd. (hereinafter referred to as the "Company") issued 6,000,000 convertible corporate bonds to unspecified objects on April 13, 2023. Each bond has a face value of RMB 100, and the total raised capital amounts to RMB 600,000,000.00. (II) Listing of Convertible Bonds