Securities Code: 300881 Convertible Bond Code: 123270 Securities Abbreviation: Shengde Xintai Convertible Bond Abbreviation: Shengde Convertible Bond Announcement Number: 2026-041
Shengde Xintai New Materials Co., Ltd. Announcement Regarding Potential Trigger of Conversion Price Adjustment Conditions for Shengde Convertible Bonds
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.
Special Reminder:
- Bond Code: 123270 Bond Abbreviation: Shengde Convertible Bond
- Conversion Price: 53.68 RMB/share
- Conversion Period: December 7, 2026 to May 31, 2032
The closing price of the company's stock from June 8, 2026, to June 22, 2026, has been below 85% of the current conversion price (i.e., 45.63 RMB/share) for ten trading days. It is expected that the conditions for a downward adjustment of the conversion price stipulated in the "Prospectus for the Issuance of Convertible Corporate Bonds to Unspecified Objects by Shengde Xintai New Materials Co., Ltd." (hereinafter referred to as the "Prospectus") may be triggered. If the adjustment conditions are triggered, the company plans to convene a board meeting on the day the conditions are triggered to deliberate and decide whether to adjust the conversion price, and to fulfill information disclosure obligations in a timely manner. If the company fails to perform the deliberation procedures and information disclosure obligations when the adjustment conditions are triggered, it will be deemed that the conversion price is not adjusted this time. Investors are kindly requested to pay attention to investment risks.
I. Overview of Convertible Bond Issuance and Listing