Securities Code: 300967
Bond Code: 123189
Securities Abbreviation: Xiaoming Shares
Bond Abbreviation: Xiaoming Convertible Bond
Announcement No.: 2026-080
Ningxia Xiaoming Animal Husbandry Co., Ltd.
Announcement on "Xiaoming Convertible Bond" Expected to Meet Conditions for Conversion Price Adjustment
The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed herein, and that there are no false records, misleading statements, or major omissions.
Special Reminder:
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Securities Code: 300967, Securities Abbreviation: Xiaoming Shares
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Bond Code: 123189, Bond Abbreviation: Xiaoming Convertible Bond
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Conversion Price Before May 26, 2026: RMB 19.34/share
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Conversion Price On and After May 26, 2026: RMB 19.09/share
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Conversion Period: October 12, 2023 to April 5, 2029
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According to the "Shenzhen Stock Exchange Listed Company Self-Regulatory Supervision Guide No. 15 - Convertible Corporate Bonds (2025 Revision)," "listed companies shall disclose a reminder announcement five trading days before the expected trigger of the conversion price adjustment conditions." From May 21, 2026, to July 2, 2026, the company's stock closing price has been below 85% of the conversion price for 10 trading days, and it is expected to trigger the condition for a downward adjustment of the conversion price. If the condition is triggered, the company will convene a board meeting on the day the condition is triggered to review and decide whether to adjust the conversion price, and will fulfill information disclosure obligations in a timely manner.
I. Basic Information of Convertible Corporate Bonds
(I) Issuance of Convertible Corporate Bonds
The China Securities Regulatory Commission (hereinafter referred to as the "CSRC") approved the registration of Ningxia Xiaoming Animal Husbandry Co., Ltd.'s issuance of convertible corporate bonds to unspecified objects through the "Approval on Registration of Issuance of Convertible Corporate Bonds to Unspecified Objects by Ningxia Xiaoming Animal Husbandry Co., Ltd." ([2023] No. 253). The company issued 3,290,000 convertible corporate bonds on April 6, 2023, with a face value of RMB 100.00 per share. The total amount raised was RMB 329,000,000.00. After deducting expenses related to this issuance, totaling RMB 5,040,950.00, the net proceeds raised were RMB 323,959,050.00. The above-mentioned proceeds were verified by Xinyonghe Certified Public Accountants (Special General Partnership), which issued the "Capital Verification Report" XYZH/2023YCAA1F0099 on April 13, 2023.
(II) Listing of Convertible Corporate Bonds
With the approval of the Shenzhen Stock Exchange, the company's convertible bonds were listed and traded on the Shenzhen Stock Exchange starting from April 25, 2023. The bond abbreviation is "Xiaoming Convertible Bond," and the bond code is "123189."
(III) Conversion Period of Convertible Corporate Bonds
The conversion period for this convertible corporate bond starts from the first trading day six months after the end of the convertible bond issuance date (April 12, 2023), which is October 12, 2023, and ends on the maturity date of the convertible bond (April 5, 2029).