Securities Code: 300967
Bond Code: 123189
Securities Abbreviation: Xiaoming Shares
Bond Abbreviation: Xiaoming Convertible Bonds
Announcement Number: 2026-089
Ningxia Xiaoming Agribusiness Co., Ltd.
Announcement on Downward Adjustment of Conversion Price of "Xiaoming Convertible Bonds"
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.
Special Notes:
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Securities Code: 300967, Securities Abbreviation: Xiaoming Shares
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Bond Code: 123189, Bond Abbreviation: Xiaoming Convertible Bonds
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Pre-adjustment Conversion Price: 19.09 RMB/share
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Post-adjustment Conversion Price: 15.18 RMB/share
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Effective Date of Post-adjustment Conversion Price: July 31, 2026
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Conversion Period: October 12, 2023 to April 5, 2029
Ningxia Xiaoming Agribusiness Co., Ltd. (hereinafter referred to as the "Company") held the 26th meeting of the Fifth Board of Directors on July 30, 2026, and reviewed and approved the "Proposal on Downward Adjustment of the Conversion Price of 'Xiaoming Convertible Bonds'." The relevant matters are hereby announced as follows:
I. Basic Information of Convertible Corporate Bonds
- Issuance of Convertible Corporate Bonds
Upon the approval of the China Securities Regulatory Commission (hereinafter referred to as the "CSRC")'s "Approval on the Registration of Ningxia Xiaoming Agribusiness Co., Ltd. for Issuing Convertible Corporate Bonds to Unspecified Objects" (Zhengjian Xuke [2023] No. 253), the Company issued 3,290,000 convertible corporate bonds to unspecified objects on April 6, 2023. Each bond has a face value of RMB 100, and the total amount raised was RMB 329,000,000.00. After deducting expenses related to this issuance, totaling RMB 5,040,950.00, the actual raised funds were RMB 323,959,050.00. The proceeds from the issuance were received by the Company on April 13, 2023, and were verified by XYZH/2023YCAA1F0099.
- Listing of Convertible Corporate Bonds
The convertible corporate bonds are traded on the Shenzhen Stock Exchange. The bond abbreviation is "Xiaoming Convertible Bonds," and the bond code is "123189."
- Term of Convertible Corporate Bonds
The term of the convertible corporate bonds is from April 12, 2023, to April 5, 2029.
- Adjustment of Conversion Price of Convertible Corporate Bonds