Securities Code: 300870 Securities Abbreviation: OuLutong Announcement No.: 2026-050
Bond Code: 123241 Bond Abbreviation: OuTong Convertible Bond
Shenzhen OuLutong Electronics Co., Ltd.
Announcement Regarding Potential Redemption Conditions for OuTong Convertible Bonds
The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and are free from any false representations, misleading statements, or material omissions.
Special Notice:
From August 10, 2026, to August 21, 2026, the closing price of Shenzhen OuLutong Electronics Co., Ltd. ("the Company") stock has been no less than 130% of the current conversion price of "OuTong Convertible Bonds" (RMB 30.80 per share), which is RMB 40.04 per share, for 10 trading days. If the conditional redemption clause of "OuTong Convertible Bonds" is triggered in the future (i.e., "during the conversion period, if the Company's stock price closes at no less than 130% of the current conversion price for at least fifteen trading days within any consecutive thirty trading days"), the Company has the right to redeem all or part of the outstanding convertible corporate bonds (hereinafter referred to as "convertible bonds") at the price of the bond face value plus accrued interest for the current period, in accordance with the relevant provisions of the conditional redemption clause in the "Prospectus for the Issuance of Convertible Corporate Bonds to Unspecified Targets by the Company" (hereinafter referred to as the "Prospectus").
We kindly ask investors to thoroughly understand the relevant regulations for convertible bonds and pay attention to the Company's subsequent announcements, being aware of investment risks.
I. Basic Information on Convertible Corporate Bonds
(I) Issuance of Convertible Corporate Bonds
With the approval of the "Approval Regarding the Registration of Shenzhen OuLutong Electronics Co., Ltd.'s Issuance of Convertible Corporate Bonds to Unspecified Targets" (Document No. [2024] 219) issued by the China Securities Regulatory Commission, the Company issued 6,445,265 convertible corporate bonds to unspecified targets on July 5, 2024. Each bond has a face value of RMB 100, and the total amount raised was RMB 644,526,500.00. After deducting issuance expenses of RMB 12,106,634.44, the net proceeds raised were RMB 632,419,865.56. As of July 11, 2024, the funds raised from the aforementioned issuance have been fully utilized. The utilization of funds was confirmed by a verification report issued by Tianzhi International Certified Public Accountants (Special General Partnership) with the report number "Tian Zhi Zi [2024] 45591".
(II) Listing of Convertible Corporate Bonds
With the approval of the Shenzhen Stock Exchange (hereinafter referred to as "SZSE"), the convertible corporate bonds issued by the Company to unspecified targets were listed and traded on the SZSE starting from July 26, 2024. The bond abbreviation is "OuTong Convertible Bond" and the bond code is "123241".