Securities Code: 300948
Bond Code: 123207
Securities Abbreviation: Guanzhong Ecological
Bond Abbreviation: Guanzhong Convertible Bond
Announcement Number: 2026-032
Qingdao Guanzhong Ecological Co., Ltd.
Announcement on Not Redeeming "Guanzhong Convertible Bonds" in Advance
The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and that there are no false records, misleading statements, or major omissions.
Special Reminder:
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From May 27, 2026, to June 16, 2026, the closing price of Qingdao Guanzhong Ecological Co., Ltd. (hereinafter referred to as the "Company") stock met the condition of being no less than 130% of the current conversion price of "Guanzhong Convertible Bond" (i.e., RMB 10.44/share) for at least fifteen trading days within any thirty consecutive trading days (130% inclusive, i.e., RMB 13.572/share). According to the relevant provisions of the conditional redemption clause in the "Prospectus for the Issuance of Convertible Corporate Bonds to Unspecified Objects by Qingdao Guanzhong Ecological Co., Ltd." (hereinafter referred to as the "Prospectus"), the conditional redemption clause of "Guanzhong Convertible Bond" has been triggered (i.e., during the conversion period of the current convertible corporate bonds (hereinafter referred to as "convertible bonds"), if the Company's stock price is no less than 130% of the current conversion price for at least fifteen trading days within any thirty consecutive trading days, the Company has the right to redeem all or part of the unredeemed convertible bonds at the face value plus accrued interest).
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On June 16, 2026, the Company held the tenth meeting of the fifth Board of Directors, which deliberated and approved the "Proposal on Not Redeeming 'Guanzhong Convertible Bond' in Advance." The Company's Board of Directors has decided not to exercise the early redemption right of "Guanzhong Convertible Bond" this time and will not redeem "Guanzhong Convertible Bond" in advance. Furthermore, within the next three months (i.e., from June 17, 2026, to September 16, 2026), if the conditional redemption clause of "Guanzhong Convertible Bond" is triggered again, the Company will not exercise the early redemption right. Starting from the first trading day after September 16, 2026, if "Guanzhong Convertible Bond" is triggered by the conditional redemption clause again, the Company's Board of Directors will convene a meeting to decide whether to exercise the early redemption right of "Guanzhong Convertible Bond" and will fulfill the information disclosure obligations in a timely manner.