Important Information Summary:
Sanjiang (Shaoguan) Silicon Material Co., Ltd. (hereinafter referred to as the "Company") announced the resumption of trading for its convertible bonds (Bond Name: Sanjiang Convertibles, Bond Code: 123273) starting July 16, 2026 (Thursday).
-
The Company's production and operation are normal, and there are no major events that have not been disclosed that would affect the trading of convertible bonds. Controlling shareholders and actual controllers have not experienced major asset restructuring or equity transfers.
-
"Sanjiang Convertibles" experienced significant price volatility after its listing on July 3, 2026. The opening price surged by 30%, triggering a temporary suspension. The closing price on the listing day was 57.30% higher. From July 3 to July 10, 2026, the cumulative closing price increase was 247.00%, with a turnover rate of approximately 888.36%. During the same period, the company's stock price increased by only 1.63%. As of July 10, 2026, the price of "Sanjiang Convertibles" was 347.000 yuan/bond, a premium of 247.00% over the face value. The conversion value based on the current conversion price is 86.625 yuan/bond, with a conversion premium of 300.58%. As of July 15, 2026, the company's stock closed at 11.90 yuan/share. Given the significant deviation between the convertible bond price and the stock price, there is a considerable valuation risk. Investors are advised to pay attention to the trading risks of "Sanjiang Convertibles" in the secondary market.
Statement on the Resumption of Trading for Convertible Bonds
The Company's convertible bonds will resume trading starting July 16, 2026 (Thursday).
Explanation of the Company's Review
Given the significant recent price fluctuations of "Sanjiang Convertibles," the Company's board of directors conducted a self-inspection and sought information through communication and on-site inquiries with the Company, its directors, senior management, controlling shareholders, and actual controllers regarding relevant issues. The findings are as follows: