Shenzhen Yirui Biotechnology Co., Ltd. Notice on the Expected Trigger of Downward Adjustment Conditions for "Yirui Convertible Bonds"
The company and all members of the board of directors guarantee that the information disclosed is true, accurate, and complete, without false records, misleading statements, or significant omissions.
Special Reminder:
- The current conversion price of "Yirui Convertible Bonds" (Bond Code: 123220) is 8.87 CNY/share. The company will implement the 2025 profit distribution plan on June 3, 2026. After implementation, the conversion price of "Yirui Convertible Bonds" will be adjusted to 8.85 CNY/share, with the conversion period from February 26, 2024, to August 17, 2029.
- The company's stock has had a closing price below 85% of the current conversion price for ten trading days from May 15, 2026, to May 28, 2026. If the stock price continues to close below 85% of the current conversion price, it is expected to trigger the conditions for a downward adjustment of the conversion price. If triggered, the company will timely perform the review procedures and information disclosure obligations in accordance with the relevant regulations of the "Self-Regulatory Guidelines No. 15 for Listed Companies on the Shenzhen Stock Exchange - Convertible Corporate Bonds" and the "Prospectus for the Public Issuance of Convertible Corporate Bonds by Shenzhen Yirui Biotechnology Co., Ltd." (hereinafter referred to as the "Prospectus").
Investors are advised to pay attention to investment risks.
I. Basic Information on Convertible Bonds
(1) Issuance of Convertible Bonds
With the approval of the China Securities Regulatory Commission regarding the registration of Shenzhen Yirui Biotechnology Co., Ltd. for the public issuance of convertible corporate bonds (Approval No. [2023] 1447), the company issued 3,281,967 convertible bonds to unspecified objects on August 18, 2023, with a face value of 100.00 CNY each, totaling 328,196,700 CNY, with a term of 6 years.
(2) Listing of Convertible Bonds
With the approval of the Shenzhen Stock Exchange, these convertible corporate bonds have been listed and traded on the Shenzhen Stock Exchange since September 6, 2023, under the name "Yirui Convertible Bonds" and Bond Code "123220."
(3) Conversion Period of Convertible Bonds
The conversion period for the issued convertible bonds is from the first trading day after six months from the end of the issuance until the maturity date of the convertible bonds, specifically from February 26, 2024, to August 17, 2029.