Securities Code: 301210
Convertible Bond Code: 123269
Securities Abbreviation: JinYang Precision
Convertible Bond Abbreviation: JinYang Convertible Bond
Announcement Number: 2026-057
Wuxi JinYang Precision Manufacturing Co., Ltd.
Announcement on the Expected Trigger of Downward Adjustment of Conversion Price for JinYang Convertible Bonds
The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and that there are no false records, misleading statements, or material omissions.
Special Reminder:
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Securities Code: 301210 Securities Abbreviation: JinYang Precision
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Bond Code: 123269 Bond Abbreviation: JinYang Convertible Bond
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Conversion Price: 28.24 RMB/share
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Conversion Period: October 26, 2026 to April 19, 2032
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As of the disclosure date of this announcement, the Company's stock closing price has been below 85% of the current conversion price for 10 trading days from July 17, 2026, to July 30, 2026. If the Company's stock closing price continues to be below 85% of the current conversion price, it is expected to trigger the downward adjustment condition for the conversion price of "JinYang Convertible Bond". If the condition is triggered, the Company will convene a board meeting on the day the condition is triggered to review and decide whether to adjust the conversion price, and will promptly fulfill its information disclosure obligations. Investors are kindly reminded to pay attention to investment risks.
I. Issuance and Listing of Convertible Corporate Bonds
(I) Issuance of Convertible Corporate Bonds
According to the "Approval on the Registration of Wuxi JinYang Precision Manufacturing Co., Ltd.'s Offering Convertible Corporate Bonds to Unspecified Objects" (Securities Regulatory Commission Permit [2026]611) issued by the China Securities Regulatory Commission, Wuxi JinYang Precision Manufacturing Co., Ltd. (hereinafter referred to as the "Company") issued 9,800,000 convertible corporate bonds to unspecified objects, with a face value of RMB 100.00 per bond, issued at face value. The total issuance amount is RMB 980,000,000.00, with a term of 6 years. The total amount of raised funds for this issuance is RMB 980,000,000.00. After deducting underwriting and sponsorship fees of RMB 4,622,641.51 (excluding VAT input tax), the actual amount received is RMB 975,377,358.49. During this issuance process, the Company paid issuance expenses including underwriting and sponsorship fees, legal fees, auditing and capital verification fees, and credit rating fees (excluding VAT input tax) totaling RMB 5,653,301.87. The net amount of raised funds after deducting non-tax issuance expenses is RMB 974,346,698.13. The aforementioned raised funds were transferred to the Company's designated account on April 24, 2026, and were verified by Rongcheng Certified Public Accountants (Special General Partnership), who issued the "Capital Verification Report" Rongcheng Verification No. [2026]21420003.