Stock Code: 300894
Bond Code: 123154
Stock Abbreviation: Mars People
Bond Abbreviation: Mars Convertible Bond
Announcement Number: 2026-046
Mars People Co., Ltd.
Announcement on the Expected Trigger of Downward Adjustment Conditions for Convertible Bond Conversion Price
The Company and all members of its 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 Reminder:
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Stock Code: 300894; Stock Abbreviation: Mars People
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Bond Code: 123154; Bond Abbreviation: Mars Convertible Bond
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Conversion Price: 33.03 RMB/share
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Conversion Period: From February 13, 2023, to August 4, 2028
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According to the "Prospectus for the Issuance of Convertible Corporate Bonds by Mars People Co., Ltd. to Unspecified Objects" (hereinafter referred to as the "Prospectus"), it is stipulated that "during the term of this convertible bond, if the closing price of the company's stock is lower than 85% of the current conversion price for at least fifteen trading days within any thirty consecutive trading days, the company's board of directors has the right to propose a downward adjustment plan for the conversion price and submit it to the company's shareholders' meeting for voting."
From July 1, 2026, to July 14, 2026, the closing price of Mars People Co., Ltd.'s (hereinafter referred to as the "Company") stock has been lower than 85% of the current conversion price for 10 trading days (i.e., below 28.08 RMB/share). It is expected that the conversion price adjustment condition for "Mars Convertible Bond" will be triggered. If the condition is triggered, the Company will promptly fulfill the deliberation procedures and information disclosure obligations in accordance with the "Shenzhen Stock Exchange Listed Company Self-Regulatory Supervision Guide No. 15 - Convertible Corporate Bonds" and the "Prospectus." Investors are kindly advised to pay attention to investment risks.
I. Overview of Convertible Corporate Bond Issuance and Listing
(I) Overview of Convertible Corporate Bond Issuance
The China Securities Regulatory Commission (hereinafter referred to as the "CSRC") approved the registration of Mars People Co., Ltd. to issue convertible corporate bonds to unspecified objects with the "Approval of Registration for the Issuance of Convertible Corporate Bonds by Mars People Co., Ltd. to Unspecified Objects" (Document No. [2022] 1465). The Company issued 5,289,990 convertible corporate bonds to unspecified objects, with a face value of RMB 100 per bond. The total fundraising amount was RMB 528,999,000.00. After deducting expenses directly related to the issuance of convertible corporate bonds of RMB 10,246,255.72 (excluding tax), the net fundraising amount was RMB 518,752,744.28. The above-mentioned fundraising amount has been verified by Tianjian Certified Public Accountants (Special General Partnership) and a "Verification Report" (Tianjian Verification [2022] No. 407) has been issued.
(II) Listing of Convertible Corporate Bonds
With the approval of the Shenzhen Stock Exchange, the Company's convertible corporate bonds were listed and traded on the Shenzhen Stock Exchange from August 23, 2022. The bond code is "123154" and the bond abbreviation is "Mars Convertible Bond."