Securities Code: 300815 Securities Abbreviation: Yuhetian Announcement No.: 2026-040
Yuhetian Environmental Development Group Co., Ltd.
Announcement on Resolutions of the Second Meeting of the Fourth Board of Directors in 2026
The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and there are no false records, misleading statements, or major omissions.
I. Convening of the Board Meeting
The second meeting of the Fourth Board of Directors of Yuhetian Environmental Development Group Co., Ltd. (hereinafter referred to as the "Company") in 2026 was held in person at 15:00 on July 24, 2026. The meeting was notified to all directors and senior management members by written, email, and telephone on July 21, 2026. The meeting was presided over by Chairman Mr. Zhou Ping. Seven directors were expected to attend, and seven directors actually attended. The convening, holding, and voting procedures of this meeting comply with the relevant provisions of the "Company Law" and the "Articles of Association."
II. Deliberation of the Board Meeting
The meeting deliberated and approved the following resolutions through item-by-item review and written voting:
(I) The proposal "Proposal on Further Clarifying the Company's Plan for Issuing Convertible Corporate Bonds to Non-specific Targets" was deliberated and approved item by item.
The Company has obtained the "Approval on the Registration of Yuhetian Environmental Development Group Co., Ltd.'s Issuance of Convertible Corporate Bonds to Non-specific Targets" (Certificate of Securities Regulatory Commission [2026] No. 910) 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 non-specific targets. Based on the authorization of the Company's general meeting of shareholders, the Company's Board of Directors has further clarified the plan for issuing convertible corporate bonds in accordance with the requirements of relevant laws and regulations and the Company's actual situation and market conditions. The directors attending the meeting voted on this proposal item by item, and the voting results are as follows:
1.01 Type of Securities to be Issued
The type of securities to be issued this time is convertible corporate bonds that can be converted into the Company's A-share stocks. These convertible corporate bonds and the future converted A-share stocks of the Company will be listed on the Shenzhen Stock Exchange.
Voting Result: 7 votes in favor; 0 votes against; 0 abstentions.
1.02 Issuance Size and Number of Shares
The total amount of funds to be raised by issuing convertible bonds this time is RMB 1,500,000,000, and the number of shares to be issued is 15,000,000.
1.03 Par Value and Issue Price
The convertible corporate bonds to be issued this time have a par value of RMB 100 per bond and are issued at par.
1.04 Bond Term
The term of the convertible corporate bonds to be issued this time is six years from the date of issuance, i.e., from July 29, 2026, to July 28, 2032 (if it falls on a statutory holiday or rest day, it will be postponed to the next trading day; interest payments during the postponed period will not be calculated separately).
1.05 Coupon Rate and Redemption Price at Maturity
The coupon rates for the first year are 0.10%, the second year 0.30%, the third year 0.60%, the fourth year 1.00%, the fifth year 1.50%, and the sixth year 2.00%.
Within five trading days after the maturity of the convertible corporate bonds to be issued this time, the Company will redeem the convertible corporate bonds that have not been converted at a price of 110% of their par value (including the last interest payment).