Important Notice:
The calculation and projection of the company's financial indicators in this announcement do not represent the company's judgment on future operating conditions and trends, nor do they constitute a profit forecast. The specific measures to fill the gap for diluted immediate returns do not guarantee the company's future profits. Investors should not make investment decisions based on this information. The company shall not bear any compensation liability for losses incurred by investors making investment decisions based on this information. Investors are kindly requested to pay attention.
In accordance with the requirements of the "Opinions of the General Office of the State Council on Further Strengthening the Protection of the Legal Rights and Interests of Small and Medium Investors in the Capital Market" (Guo Ban Fa [2013] No. 110), the "Opinions of the State Council on Further Promoting the Healthy Development of the Capital Market" (Guo Fa [2014] No. 17), and the "Guiding Opinions on Matters Concerning the Dilution of Immediate Returns from Initial Public Offerings, Refinancing, and Major Asset Restructurings" (Announcement of the China Securities Regulatory Commission [2015] No. 31), and to protect the interests of small and medium investors, Ningbo Kabeiyi Electric Technology Co., Ltd. (hereinafter referred to as the "Company" or "This Company") has conducted a thorough analysis of the impact of the issuance of convertible bonds to unspecified targets on its main financial indicators and provides the following explanation of the measures to fill the gap:
I. Impact of This Issuance on Main Financial Indicators
(I) Calculation Assumptions and Hypotheses
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It is assumed that there are no significant adverse changes in the macroeconomic environment, the company's industry, or the company's operating environment.
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It is assumed that the company completes this issuance by the end of December 2026, and considers two scenarios: full conversion by June 30, 2027, and no conversion by December 31, 2027. This completion time is only for calculating the impact of this issuance on immediate returns and does not constitute a commitment to the actual completion time. Investors should not make investment decisions based on this. The company shall not bear any compensation liability for losses incurred by investors making investment decisions based on this. The final time will be subject to the actual issuance completion time approved by the Shenzhen Stock Exchange for issuance and listing review and registered with the China Securities Regulatory Commission, and the actual conversion time by convertible bondholders.
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It is assumed that the total amount of funds to be raised in this issuance is RMB 510 million, excluding issuance expenses. The actual amount of funds raised by the convertible corporate bond issuance will be determined based on the registration approved by the regulatory authorities, issuance subscriptions, and issuance expenses.
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To quantify the impact of the issuance of convertible corporate bonds on the dilution of immediate returns, it is assumed that the conversion price of the convertible bonds is RMB 59.96 per share (the higher of the average stock trading price of the company in the twenty trading days prior to the tenth meeting of the fourth board of directors and the average stock trading price of the previous trading day). This conversion price is only used to calculate the impact of this issuance on immediate returns and does not constitute a numerical forecast of the actual conversion price. The initial conversion price will be determined by the company's board of directors based on the authorization of the shareholders' meeting according to market conditions before the issuance, and may be subject to ex-rights, ex-dividend adjustments or downward revisions.