Securities Code: 300853
Bond Code: 123142
Securities Abbreviation: Shenghao Technology
Bond Abbreviation: Shenghao Convertible Bond
Announcement Number: 2026-053
Hangzhou Shenghao Technology Co., Ltd.
Announcement on the Expected Trigger of Downward Adjustment of Conversion Price
The Company and all members of the Board of Directors guarantee that the content of this information disclosure is true, accurate, and complete, and that there are no false records, misleading statements, or major omissions.
Special Reminder:
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Securities Code: 300853 Securities Abbreviation: Shenghao Technology
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Bond Code: 123142 Bond Abbreviation: Shenghao Convertible Bond
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Conversion Price: 33.71 RMB/share
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Conversion Period: September 26, 2022 to March 17, 2028
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As of the date of this announcement, the company's stock price has been below 85% of the current conversion price for 10 trading days from June 18, 2026 to July 21, 2026. If the company's stock price continues to fall below 85% of the current conversion price, it is expected that the conditions for a downward adjustment of the conversion price may be triggered. If the conditions are triggered, the company will convene a board meeting on the day the conditions are triggered to review and decide whether to adjust the conversion price, and will promptly fulfill its information disclosure obligations. Investors are kindly reminded to pay attention to investment risks.
I. Issuance and Listing of Convertible Corporate Bonds
(I) Issuance of Convertible Corporate Bonds
With the approval of the China Securities Regulatory Commission's "Approval on the Registration of Hangzhou Shenghao Technology Co., Ltd.'s Issuance of Convertible Corporate Bonds to Unspecified Objects" (Securities Regulatory License (2022) No. 233), Hangzhou Shenghao Technology Co., Ltd. (hereinafter referred to as the "Company") issued 5.5 million convertible corporate bonds (hereinafter referred to as "Convertible Bonds") to unspecified objects, with a face value of RMB 100 per bond. The total amount of capital raised was RMB 550,000,000. After deducting various issuance expenses (excluding tax), the net amount of capital raised was RMB 542,042,200. The issuance method was to prioritize the allocation to the original shareholders registered at the close of the equity registration date. The remaining portion after the original shareholders' priority allocation (including the portion of original shareholders who waived their priority allocation) was issued to the public investors through the Shenzhen Stock Exchange (hereinafter referred to as "SZSE") trading system. The subscription amount was insufficient to cover the portion of RMB 55,000,000, which was underwritten by the lead underwriter.
(II) Listing of Convertible Bonds
With the approval of the SZSE, the company's convertible bonds were listed and traded on the SZSE on April 11, 2022, with the bond abbreviation "Shenghao Convertible Bond" and bond code "123142".
(III) Conversion Period of Convertible Bonds
The conversion period of this convertible bond starts from the first trading day six months after the issuance of the convertible bond ends on March 24, 2022, until the maturity date of the convertible bond, which is from September 26, 2022, to March 17, 2028.
(IV) Adjustment of Conversion Price of Convertible Bonds