Shenglan Technology Co., Ltd. (hereinafter referred to as "the Company") and all members of the Board of Directors guarantee that the content of this information disclosure is true, accurate, and complete, without any false records, misleading statements, or significant omissions.
Special Reminder:
- Securities Code: 300843
- Securities Abbreviation: Shenglan Co., Ltd.
- Bond Code: 123258
- Bond Abbreviation: Shenglan Convertible Bond 02
- Conversion Price: 54.46 CNY/share
- Conversion Period: From March 3, 2026, to August 27, 2031
- Source of Converted Shares: New Shares
I. Basic Information on Convertible Bonds
(1) Issuance of Convertible Bonds
With the approval of the China Securities Regulatory Commission regarding the registration of Shenglan Technology Co., Ltd. for the issuance of convertible bonds to unspecified objects (Approval No. [2025] 1548), the Company issued 4,500,000 convertible bonds, each with a par value of 100 CNY, raising a total of 450,000,000.00 CNY. After deducting underwriting fees, recommendation fees, and other issuance costs of 3,318,396.23 CNY (excluding tax), the net amount raised is 446,681,603.77 CNY.
(2) Listing of Convertible Bonds
The Company's convertible bonds were listed and traded on the Shenzhen Stock Exchange starting September 10, 2025, under the abbreviation "Shenglan Convertible Bond 02" and bond code "123258".
(3) Conversion Period of Convertible Bonds
The conversion period for the issued convertible bonds is from the first trading day after six months from the end of the issuance (September 3, 2025, T+4 days) until the maturity date of the convertible bonds, i.e., from March 3, 2026, to August 27, 2031.
II. Relevant Terms of Convertible Bonds
(1) Issuance Scale
The total issuance amount of the convertible bonds is 450 million CNY (including 450 million CNY), with an issuance quantity of 4.5 million units.
(2) Par Value and Issuance Price
The convertible bonds are issued at par value of 100 CNY each.
(3) Bond Term
The term of the issued convertible bonds is six years from the date of issuance, i.e., from August 28, 2025, to August 27, 2031 (if it falls on a non-trading day, it will be postponed to the next trading day; interest during the postponement period will not accrue).
(4) Bond Interest Rate
The interest rates are as follows:
- Year 1: 0.20%
- Year 2: 0.40%
- Year 3: 0.80%
- Year 4: 1.50%
- Year 5: 1.90%
- Year 6: 2.30%
(5) Conversion Period
The conversion period for the issued convertible bonds is from March 3, 2026, to August 27, 2031.
(6) Current Conversion Price
The current conversion price for the issued convertible bonds is 54.46 CNY/share.
III. Matters Related to Conversion Application
(1) Conversion Application Procedure
- Conversion applications should be made in accordance with the relevant regulations of the Shenzhen Stock Exchange through the trading system.
- Holders of convertible bonds can apply to convert all or part of their "Shenglan Convertible Bond 02" into company shares. It is recommended that bondholders consult their brokerage firms before applying for conversion.
- The unit for conversion application is "unit," with each unit having a par value of 100 CNY, and the minimum unit for conversion into shares is 1 share. Multiple conversion applications on the same trading day will be combined for calculation. The calculation method for the number of shares to be converted during the conversion period is Q=V÷P, where Q is the number of shares applied for conversion, V is the total par value of the convertible bonds applied for conversion, and P is the effective conversion price on the application date. The shares obtained must be whole shares. Any remaining balance of convertible bonds that is insufficient for conversion into one share will be paid in cash by the company within five trading days after the conversion application date, along with the corresponding accrued interest, rounded to two decimal places.
- The application for buying and selling convertible bonds takes precedence over conversion applications. If the amount applied for conversion exceeds the actual amount held, the conversion will be based on the actual amount held, and the remaining application will be canceled.