Securities Code: 300894
Bond Code: 123154
Securities Abbreviation: Mars Appliance
Bond Abbreviation: Huo Xing Convertibles
Announcement Number: 2026-065
Mars Appliance Co., Ltd.
Announcement on Downward Adjustment of "Huo Xing Convertibles" Conversion Price
The Company and all members of its Board of Directors guarantee the content of this information disclosure is true, accurate, and complete, and that there are no false statements, misleading representations, or material omissions.
Special Reminder:
-
Bond Code: 123154
-
Bond Abbreviation: Huo Xing Convertibles
-
Pre-adjustment Conversion Price: RMB 33.10/share
-
Post-adjustment Conversion Price: RMB 16.00/share
-
Effective Date of Post-adjustment Conversion Price: August 7, 2026
On August 6, 2026, the Company held the tenth meeting of the fourth Board of Directors, which deliberated and passed the "Proposal on Downward Adjustment of the Conversion Price of 'Huo Xing Convertibles'". The relevant matters are hereby announced as follows:
I. Overview of the Issuance and Listing of Convertible Corporate Bonds
(I) Overview of the Issuance and Listing of Convertible Corporate Bonds
With the approval of the China Securities Regulatory Commission (hereinafter referred to as the "CSRC")'s "Approval on the Registration of Mars Appliance Co., Ltd. for Issuing Convertible Corporate Bonds to Unspecified Targets" (CSRC License (2022) No. 1465), the Company issued 5,289,990 convertible corporate bonds to unspecified targets, each with a face value of RMB 100, and a total fundraising amount of RMB 528,999,000.00. With the approval of the Shenzhen Stock Exchange, the Company's convertible corporate bonds were listed and traded on the Shenzhen Stock Exchange starting from August 23, 2022, with the bond code "123154" and bond abbreviation "Huo Xing Convertibles".
(II) Conversion Period of Convertible Corporate Bonds
According to the "Prospectus for the Issuance of Convertible Corporate Bonds to Unspecified Targets by Mars Appliance Co., Ltd." (hereinafter referred to as the "Prospectus"), the conversion period of the "Huo Xing Convertibles" issued by the Company shall commence from the first trading day six months after the issuance completion date of August 11, 2022, until the maturity date of the convertible bonds.