Shanghai Xiangfenghua 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 false records, misleading statements, or major omissions.
Special Reminder:
- Bond Code: 123225
- Conversion Price Before Adjustment: 27.44 CNY/share
- Conversion Price After Adjustment: 27.34 CNY/share
- Effective Date of Conversion Price Adjustment: June 11, 2026
I. Relevant Provisions on the Adjustment of the Conversion Price of "Xiangfeng Convertible Bonds"
On October 10, 2023, the Company issued 8 million convertible corporate bonds (bond abbreviation: "Xiangfeng Convertible Bonds", bond code: "123225") to unspecified objects. According to the issuance terms in the Company's "Prospectus for the Public Offering of Convertible Corporate Bonds by Shenzhen Xiangfenghua Technology Co., Ltd." and relevant regulations from the China Securities Regulatory Commission regarding the issuance of convertible corporate bonds, the conversion price of Xiangfeng Convertible Bonds will be cumulatively adjusted in the event of stock dividends, capital increases, new share issuances (excluding capital increases due to the conversion of these bonds), rights issues, and cash dividends. The specific adjustment methods are as follows:
- Stock dividends or capital increases: P1 = P0 / (1 + n);
- New share issuance or rights issue: P1 = (P0 + A × k) / (1 + k);
- Both of the above occur simultaneously: P1 = (P0 + A × k) / (1 + n + k);
- Cash dividends: P1 = P0 - D;
- All three occur simultaneously: P1 = (P0 - D + A × k) / (1 + n + k).
Where:
P1 is the adjusted conversion price,
P0 is the conversion price before adjustment,
n is the stock dividend rate or capital increase rate,
k is the new share issuance rate or rights issue rate,
A is the price of the new shares or rights issue,
D is the cash dividend per share.