Yuanxin Industrial Co., Ltd. Announcement on the Eleventh Reminder of Early Redemption of Yuanxin Convertible Bonds
The company and all members of the board of directors guarantee that the information disclosed is true, accurate, and complete, without false records, misleading statements, or significant omissions.
Special Reminder:
- Redemption price of "Yuanxin Convertible Bonds": 100.47 CNY per bond (face value plus accrued interest for the current period, with an annual interest rate of 0.70%, and the current interest is tax-inclusive). The after-tax redemption price shall be subject to the price approved by China Securities Depository and Clearing Corporation Limited Shenzhen Branch (hereinafter referred to as "China Clearing").
- Date when redemption conditions are met: March 16, 2026
- Last trading day: April 13, 2026
- Redemption registration date: April 15, 2026
- Redemption date: April 16, 2026
- Last day for conversion: April 16, 2026
- Date when redemption funds arrive in the China Clearing account: April 21, 2026
- Date when investors receive redemption funds: April 23, 2026
- Redemption type: Full redemption
- According to the arrangement, all "Yuanxin Convertible Bonds" that have not been converted by the close of trading on April 15, 2026, will be forcibly redeemed. After this redemption is completed, "Yuanxin Convertible Bonds" will be delisted from the Shenzhen Stock Exchange. Bondholders are particularly reminded to pay attention to the conversion deadline. If the "Yuanxin Convertible Bonds" held by bondholders are pledged or frozen, it is recommended to lift the pledge or freeze before the last conversion date to avoid being redeemed due to inability to convert.
- Bondholders wishing to convert must open trading permissions for the Growth Enterprise Market. Investors who do not meet the suitability management requirements for Growth Enterprise Market stocks cannot convert their "Yuanxin Convertible Bonds" into stocks, and investors are reminded to pay attention to the risks of not being able to convert.
- Risk warning: According to the arrangement, all "Yuanxin Convertible Bonds" that have not been converted by the close of trading on April 15, 2026, will be forcibly redeemed at a price of 100.47 CNY per bond. Given the significant difference between the current secondary market price of "Yuanxin Convertible Bonds" and the redemption price, bondholders are particularly reminded to convert within the deadline. If investors fail to convert in time, they may face losses, and investors are advised to pay attention to investment risks.
Yuanxin Industrial Co., Ltd. (hereinafter referred to as "the Company") stock has had a closing price not lower than 130% of the current conversion price of "Yuanxin Convertible Bonds" (22.95 CNY per share) for 15 out of 30 consecutive trading days from February 24, 2026, to March 16, 2026 (i.e., 29.835 CNY per share), triggering the conditional redemption clause stipulated in the "Prospectus for the Public Issuance of Convertible Corporate Bonds by Yuanxin Industrial Co., Ltd." (hereinafter referred to as "the Prospectus"). The Company held the fourth meeting of the fourth board of directors on March 16, 2026, and approved the proposal for the early redemption of "Yuanxin Convertible Bonds." After careful consideration of the current market and the Company's situation, the board of directors agreed to exercise the early redemption rights of "Yuanxin Convertible Bonds," redeeming all unconverted "Yuanxin Convertible Bonds" at the price of face value plus accrued interest after the close of trading on the redemption registration date, and authorized the management to handle all matters related to the subsequent redemption of "Yuanxin Convertible Bonds."