Securities Code: 301000
Securities Abbreviation: Zhaomin Technology
Announcement No.: 2026-041
Shanghai Zhaomin New Materials Technology Co., Ltd.
Announcement of Resolutions of the 10th Meeting of the Third Board of Directors
The Company and all members of the Board of Directors guarantee the content of the information disclosed is true, accurate, and complete, and that there are no false records, misleading statements, or major omissions.
I. Convening of the Board Meeting
The notice for the 10th meeting of the Third Board of Directors of Shanghai Zhaomin New Materials Technology Co., Ltd. (hereinafter referred to as the "Company") was issued on June 30, 2026, via telephone, email, and other communication methods. The notice specified the time, place, content, and method of the meeting. The meeting was held on July 6, 2026, at 10:00 AM in the Company's conference room, combining on-site and online communication methods. Seven directors were expected to attend, and all seven directors attended (including Directors Shi Songjiazi, Yin Huifang, Liu Deng, and Xiong Yongqing who attended via communication). The meeting was convened and presided over by Chairman Shao Xiongfei. Senior management personnel of the Company attended the meeting. The convening of this meeting complies with the "Company Law of the People's Republic of China" and the "Articles of Association."
II. Deliberation of Board Meeting Proposals
- The Proposal on Further Clarifying the Company's Plan for Issuing Convertible Corporate Bonds to Unspecified Targets was Reviewed and Approved Item by Item
Shanghai Zhaomin New Materials Technology Co., Ltd. (hereinafter referred to as the "Company") has obtained the "Approval on the Registration of Shanghai Zhaomin New Materials Technology Co., Ltd. for Issuing Convertible Corporate Bonds to Unspecified Targets" (Securities Regulatory License [2026] No. 1493) issued by the China Securities Regulatory Commission (hereinafter referred to as the "CSRC"), approving the Company's registration application for issuing convertible corporate bonds to unspecified targets.
Based on the authorization from the Company's Second Extraordinary General Meeting of Shareholders in 2025, the Board of Directors, in accordance with the requirements of relevant laws and regulations and considering the Company's actual situation and market conditions, has further clarified the plan for this issuance of convertible corporate bonds. The specific details are as follows:
(I) Type of Securities to be Issued
The securities to be issued are convertible corporate bonds that can be converted into the Company's A-share stocks. These convertible corporate bonds and the future converted A-share stocks of the Company will be listed on the Shenzhen Stock Exchange.
Voting result: 7 votes in favor, 0 abstentions, 0 against.
(II) Issuance Scale and Number of Shares
The total amount of funds to be raised through the issuance of convertible bonds is RMB 590,000,000, and the number of shares to be issued is 5,900,000.
(III) Face Value and Issuance Price
The face value of each convertible corporate bond to be issued is RMB 100, and it will be issued at face value.
(IV) Bond Term
The term of the convertible corporate bonds to be issued is six years from the date of issuance, i.e., from July 9, 2026, to July 8, 2032 (if the date falls on a statutory holiday or rest day, it will be postponed to the next trading day; interest payments during the postponed period will not be compounded).
(V) Coupon Rate and Redemption Price at Maturity
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 1.80% for the sixth year.
Within five trading days after the maturity of the convertible corporate bonds, the Company will redeem the convertible corporate bonds that have not been converted at a price of 110% of the bond's face value (including the last period's interest).