Securities Code: 300953
Securities Abbreviation: Zhenyu Technology
Announcement No.: 2026-066
Ningbo Zhenyu Technology Co., Ltd.
Announcement on Prospectus for Issuance of Convertible Corporate Bonds to Unspecified Objects
Sponsor (Lead Underwriter): GF Securities Co., Ltd.
The Company and the entire Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and that there are no false records, misleading statements, or significant omissions.
Ningbo Zhenyu Technology Co., Ltd. (hereinafter referred to as "Zhenyu Technology", "the Issuer", or "the Company") plans to issue RMB 1,880,000,000 convertible corporate bonds to unspecified objects (hereinafter referred to as "this Issuance" or "Zhenyu Transfer 02"). This issuance has received approval for registration from the China Securities Regulatory Commission (hereinafter referred to as "CSRC") with document No. [2026] 1923.
The convertible corporate bonds to be issued are abbreviated as "Zhenyu Transfer 02" and have the bond code "123282". Zhenyu Transfer 02 will be preferentially allocated to existing shareholders registered at the close of the equity registration date (August 14, 2026, T-1 day). The remaining portion after the preferential allocation to existing shareholders (including the portion abandoned by existing shareholders) will be issued online to public investors through the Shenzhen Stock Exchange (hereinafter referred to as "SZSE") trading system.
The full text of the prospectus for the convertible corporate bonds to be issued to unspecified objects and related information can be found on the Juchao Information Network (www.cninfo.com.cn).
I. Basic Information of This Issuance
(I) Type of Securities to be Issued
The type of securities to be issued is convertible bonds that can be converted into Class A shares of the Company. These convertible bonds and the Class A shares of the Company to be converted in the future will be listed on the Shenzhen Stock Exchange.
(II) Issuance Scale
The total amount of funds to be raised from this issuance of convertible bonds is RMB 1,880,000,000, with a total issuance of 18,800,000 units.
(III) Face Value and Issue Price
The convertible bonds to be issued will be issued at par, with a face value of RMB 100.00 per unit.
(IV) Bond Term
The term of the convertible bonds to be issued is 6 years from the date of issuance, i.e., from August 17, 2026 (T day) to August 16, 2032 (if it falls on a statutory holiday or rest day, it will be postponed to the next trading day; interest for the postponed period will not be calculated separately).
(V) Bond Interest Rate
The coupon rate for the convertible bonds to be issued is set as follows: 0.20% for the first year, 0.40% for the second year, 0.60% for the third year, 1.00% for the fourth year, 1.50% for the fifth year, and 2.00% for the sixth year.
Upon maturity of the convertible bonds, the Company will redeem all unexercised convertible bonds at 110% of their face value (including the last interest payment) within 5 trading days.
(VI) Repayment and Interest Payment Period and Method
The convertible bonds to be issued will adopt an annual interest payment method, with the principal and the last year's interest to be repaid upon maturity.
- Calculation of Annual Interest
Annual interest refers to the current interest that a holder of convertible bonds can receive for the total face value of the convertible bonds held from the first day of the issuance of the convertible bonds, for each full year. The formula for calculating annual interest is: I = B × i
I: Annual interest amount;
B: Total face value of convertible bonds held by the holder of convertible bonds on the interest registration date in the calculation year (hereinafter referred to as "current year" or "each year");
i: The annual coupon rate of the convertible bonds for the current year.