Securities Code: 300969 Bond Code: 123256 Securities Abbreviation: Hengshuai Co., Ltd. Bond Abbreviation: Hengshuai Convertible Bond Announcement Number: 2026-042
Ningbo Hengshuai Co., Ltd.
Announcement on the Tenth Reminder Regarding Early Redemption of "Hengshuai Convertible Bond"
The Company and the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and there are no false records, misleading statements, or major omissions.
Special Reminder:
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"Hengshuai Convertible Bond" Redemption Price: 100.191 yuan/bond (including accrued interest, with a current annual interest rate of 0.20%, and current interest is tax-inclusive). The redemption price after tax deduction shall be subject to the price approved by China Securities Depository and Clearing Corporation Limited Shenzhen Branch (hereinafter referred to as "ChinaClear").
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Condition Fulfillment Date for Redemption: April 16, 2026
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Trading Suspension Date: May 8, 2026
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Redemption Registration Date: May 12, 2026
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Redemption Date: May 13, 2026
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Conversion Suspension Date: May 13, 2026
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Issuer's Redemption Fund Arrival Date (Arrival at ChinaClear Account): May 18, 2026
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Investor Redemption Fund Arrival Date: May 20, 2026
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Redemption Category: Full Redemption
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According to the arrangement, "Hengshuai Convertible Bonds" that have not been converted into shares by the close of trading on May 12, 2026, will be mandatorily redeemed at 100.191 yuan/bond (including interest and tax). Bondholders of "Hengshuai Convertible Bonds" are specially reminded to convert their bonds within the deadline. Upon completion of this redemption, "Hengshuai Convertible Bonds" will be delisted from the Shenzhen Stock Exchange. If the "Hengshuai Convertible Bonds" held by bondholders are pledged or frozen, it is recommended to release the pledge or freeze before the conversion suspension date to avoid mandatory redemption due to inability to convert.
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If bondholders convert their bonds, they need to open an GEM trading account. Investors who do not meet the suitability management requirements for GEM stocks cannot convert their "Hengshuai Convertible Bonds" into shares. Investors are hereby reminded that they may face the risk of not being able to convert their bonds.
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Risk Warning: As of the close of trading on May 12, 2026, any "Hengshuai Convertible Bonds" that have not been converted into shares will be mandatorily redeemed at a price of 100.191 yuan/bond. Given the significant difference between the current market price of "Hengshuai Convertible Bonds" and the redemption price, bondholders of "Hengshuai Convertible Bonds" are specially reminded to convert their bonds within the deadline. If investors fail to convert their bonds in a timely manner, they may face losses. Investors are requested to pay attention to investment risks.
Ningbo Hengshuai Co., Ltd. (hereinafter referred to as the "Company") stock price has met the condition that for at least fifteen trading days within any thirty consecutive trading days from March 26, 2026, to April 16, 2026, the closing price was not less than 130% of the current conversion price of 62.55 yuan/share (i.e., 81.32 yuan/share). According to the conditional redemption clause in the "Prospectus for the Issuance of Convertible Corporate Bonds to Unspecified Objects by Ningbo Hengshuai Co., Ltd." (hereinafter referred to as the "Prospectus"), the conditional redemption clause of "Hengshuai Convertible Bond" has been triggered.
The Company held the eighth meeting of the third Board of Directors on April 16, 2026, and deliberated and approved the "Proposal on Early Redemption of 'Hengshuai Convertible Bond'". Based on the current market conditions and the Company's actual situation, after comprehensive consideration, the Board of Directors agreed to exercise the Company's early redemption right for "Hengshuai Convertible Bond" and authorized the Company's management to handle the subsequent redemption matters of "Hengshuai Convertible Bond". The relevant matters of the early redemption of "Hengshuai Convertible Bond" are hereby announced as follows: