Securities Code: 301062 Bond Code: 123229 Securities Abbreviation: Shanghai Ailuo Bond Abbreviation: Ailuo Convertible Bond Announcement Number: 2026-036
Shanghai Ailuo Packaging Co., Ltd. Announcement Regarding the Conditions for Downward Adjustment of the Conversion Price of "Ailuo Convertible Bonds"
The Company and all members of 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:
- Securities Code: 301062 Securities Abbreviation: Shanghai Ailuo
- Bond Code: 123229 Bond Abbreviation: Ailuo Convertible Bond
- Conversion Price: RMB 9.95 per share (As of the disclosure date of this announcement, due to the company being in its 2025 annual equity distribution period, the pre-adjustment conversion price was RMB 10.00 per share, and the post-adjustment conversion price is RMB 9.95 per share, effective from June 18, 2026).
- Conversion Period: April 29, 2024, to October 22, 2029
- According to the relevant provisions of the "Prospectus for the Issuance of Convertible Corporate Bonds to Unspecified Objects by Shanghai Ailuo Packaging Co., Ltd." (hereinafter referred to as the "Prospectus"): "During the term of the convertible corporate bonds issued, if the closing price of the company's stock is lower than 85% of the current conversion price for at least ten trading days within any thirty consecutive trading days, the company's board of directors has the right to propose a downward adjustment plan for the conversion price and submit it to the company's general meeting of shareholders for consideration. This plan can only be implemented if it is approved by more than two-thirds of the voting rights of the shareholders attending the meeting."
- From June 4, 2026, to June 10, 2026, the closing price of Shanghai Ailuo Packaging Co., Ltd.'s (hereinafter referred to as the "Company") stock has been lower than 85% of the current latest conversion price (i.e., RMB 8.46 per share) for five trading days. It is expected that the downward adjustment clause for the conversion price of "Ailuo Convertible Bond" will be triggered. If the conditions for adjusting the conversion price are met, the Company will fulfill the subsequent deliberation procedures and information disclosure obligations in a timely manner according to the "Prospectus." Investors are kindly reminded to pay attention to investment risks.
I. "Ailuo Convertible Bond" Basic Information
(I) Convertible Bond Issuance Status Approved by the China Securities Regulatory Commission's "Approval on Shanghai Ailuo Packaging Co., Ltd.'s Registration for Issuing Convertible Corporate Bonds to Unspecified Objects" (Document No. [2023] 1928), and approved by the Shenzhen Stock Exchange, Shanghai Ailuo Packaging Co., Ltd. (hereinafter referred to as the "Company") issued 5,000,000 convertible corporate bonds to unspecified objects (public offering) on October 23, 2023, with a face value of RMB 100 per bond, raising a total of RMB 500,000,000.00.
(II) Convertible Bond Listing Status Approved by the Shenzhen Stock Exchange (hereinafter referred to as the "SZSE"), the convertible corporate bonds (hereinafter referred to as "Convertible Bonds") issued by the Company to unspecified objects were listed and traded on the SZSE on November 20, 2023. The bond abbreviation is "Ailuo Convertible Bond," and the bond code is "123229."