Securities Code: 301216
Bond Code: 123247
Securities Abbreviation: Wankai New Material
Bond Abbreviation: Wankai Convertible Bond
Announcement No.: 2026-052
Wankai New Material Co., Ltd.
Announcement on the Expected Trigger of Redemption Conditions for Wankai Convertible Bonds
The Company and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, and that there are no false records, misleading statements, or major omissions.
Special Reminder:
The closing price of Wankai New Material Co., Ltd. (hereinafter referred to as the "Company") stock has been no less than 130% of the current conversion price of "Wankai Convertible Bond" (RMB 11.30/share, equivalent to RMB 14.69/share) for ten trading days from June 17, 2026, to July 1, 2026. If the Company's stock closing price continues to be no less than 130% of the current conversion price, it is expected to trigger the conditional redemption clause of "Wankai Convertible Bond." According to the relevant provisions of the conditional redemption clause in the "Prospectus for the Issuance of Convertible Corporate Bonds to Unspecified Objects by Wankai New Material Co., Ltd." (hereinafter referred to as the "Prospectus"), during the conversion period of the convertible bonds, if the Company's stock closing price is no less than 130% of the current conversion price for at least fifteen trading days within thirty consecutive trading days, the Company has the right to redeem all or part of the unredeemed convertible bonds at the face value plus accrued interest.
We kindly ask investors to thoroughly understand the relevant regulations for convertible corporate bonds and to pay attention to subsequent announcements from the Company, and to be aware of investment risks.
I. Basic Information of Convertible Corporate Bonds
(I) Issuance of Convertible Corporate Bonds