Zhejiang Yitian Intelligent Kitchen Appliances Co., Ltd. Announcement on Not Redeeming "Yitian Convertible Bonds" in Advance
The company and all members of the board guarantee that the information disclosed is true, accurate, and complete, with no false records, misleading statements, or significant omissions.
Special Reminder:
- From January 28, 2026, to February 25, 2026, the stock of Zhejiang Yitian Intelligent Kitchen Appliances Co., Ltd. (hereinafter referred to as "the Company") has met the condition that the closing price is not lower than 130% of the current conversion price (21.31 yuan/share) for at least fifteen trading days within any consecutive thirty trading days (including 130%, i.e., 27.71 yuan/share). According to the "Zhejiang Yitian Intelligent Kitchen Appliances Co., Ltd. Prospectus for the Issuance of Convertible Bonds to Unspecified Objects" (hereinafter referred to as "the Prospectus"), the conditional redemption clause for "Yitian Convertible Bonds" has been triggered.
- The Company held the 28th meeting of the third board of directors on February 25, 2026, and approved the proposal on not redeeming "Yitian Convertible Bonds" in advance. The board decided not to exercise the early redemption rights for "Yitian Convertible Bonds," and within three months from the next trading day after the board's approval (i.e., from February 26, 2026, to May 25, 2026), if the conditional redemption clause for "Yitian Convertible Bonds" is triggered again, the Company will not exercise the early redemption rights. Starting from the first trading day after May 25, 2026, if "Yitian Convertible Bonds" trigger the above conditional redemption clause again, the board will hold another meeting to decide whether to exercise the early redemption rights.