Announcement
Temporary Announcement
Stock Code: 301036 Stock Abbreviation: Shuangle Co., Ltd.
Bond Code: 123264 Bond Abbreviation: Shuangle Convertible Bond
Announcement No.: 2026-045
Announcement on the Commencement of Conversion of Shuangle Pigment Co., Ltd.'s Convertible Bonds
The Company and all members of its Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed herein, and that there are no false representations, misleading statements, or material omissions.
Special Reminder:
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Stock Code: 301036 Stock Abbreviation: Shuangle Co., Ltd.
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Bond Code: 123264 Bond Abbreviation: Shuangle Convertible Bond
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Conversion Price: RMB 36.4 per share
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Conversion Period: July 6, 2026, to December 25, 2031.
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Source of Conversion Shares: Conversion using newly issued shares only.
I. Basic Information of the Bonds
(I) Issuance of Convertible Corporate Bonds
Registered with the China Securities Regulatory Commission (CSRC) under Permit No. (2025) 2678, the Company issued 8,000,000 convertible corporate bonds on December 26, 2025, to unspecified targets. Each bond has a face value of RMB 100, with a total issuance of RMB 800,000,000.
The total funds raised by the Company through the issuance of convertible corporate bonds to unspecified targets amounted to RMB 800,000,000. After deducting underwriting fees, sponsorship fees, and other issuance expenses of RMB 8,754,500 (excluding tax), the net proceeds from this issuance totaled RMB 791,245,500.
(II) Listing of Convertible Corporate Bonds
With the approval of the Shenzhen Stock Exchange, the Company's convertible corporate bonds were listed and traded on the Shenzhen Stock Exchange from January 16, 2026. The bond abbreviation is "Shuangle Convertible Bond" and the bond code is "123264."
(III) Conversion Period of Convertible Corporate Bonds
The conversion period for the convertible bonds issued herein begins six months after the completion of the convertible bond issuance (January 5, 2026, T+4) and ends on the first trading day after the expiration of the convertible bonds (December 25, 2031).
II. Relevant Terms of Convertible Corporate Bonds
(I) Issuance Scale
The total funds raised by this issuance of convertible bonds is RMB 800,000,000 (inclusive), with an issuance volume of 8,000,000 bonds.
(II) Par Value and Issuance Price
The par value of each convertible bond issued is RMB 100, and it is issued at par.
(III) Bond Term
The term of the convertible bonds issued is 6 years from the date of issuance, i.e., from December 26, 2025, to December 25, 2031 (if it falls on a statutory holiday or rest day, it will be postponed to the next business day; interest payments during the postponed period will not be accrued).
(IV) Bond Interest Rate
Year 1: 0.20%, Year 2: 0.40%, Year 3: 0.60%, Year 4: 1.00%, Year 5: 1.50%, Year 6: 1.80%. The redemption price at maturity is RMB 110 (including the last interest payment).
(V) Principal and Interest Payment Term and Method
The convertible corporate bonds issued herein adopt an annual interest payment method. Upon maturity, the principal of all unconverted convertible corporate bonds and the interest of the last year will be repaid.
- Annual Interest Calculation
Annual interest refers to the current interest that a convertible bondholder can enjoy for every full year from the issuance date of the convertible bond, based on the total face value of the convertible bonds held. The formula for calculating annual interest is:
I = B × i
Where:
I: Annual interest amount;
B: The total face value of convertible bonds held by the convertible bondholder 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 bond for the current year.