Securities Code: 301216
Bond Code: 123247
Securities Abbreviation: Wankai New Material
Bond Abbreviation: Wankai Convertible Bond
Announcement Number: 2026-056
WANKAI NEW MATERIAL CO., LTD.
Announcement on Not Repurchasing "Wankai Convertible Bonds" Early
The Company and all members of its Board of Directors guarantee the content of the information disclosed is true, accurate, and complete, and that there are no false records, misleading statements, or major omissions.
Special Notice:
Wankai New Material Co., Ltd. (hereinafter referred to as the "Company") has experienced fifteen trading days from June 17, 2026, to July 8, 2026, where the closing price of its stock was not less than 130% of the current conversion price of "Wankai Convertible Bonds" (RMB 14.69 per share), thus triggering the conditional repurchase clause of "Wankai Convertible Bonds".
On July 8, 2026, the Company held the fourth meeting of its third Board of Directors, which deliberated and approved the "Proposal on Not Repurchasing 'Wankai Convertible Bonds' Early". The Board of Directors has decided not to exercise the early repurchase right for "Wankai Convertible Bonds" at this time. Furthermore, if the conditional repurchase clause of "Wankai Convertible Bonds" is triggered again within the next three months (i.e., from July 9, 2026, to October 8, 2026), the Company will also not exercise its early repurchase right. Starting from the first trading day after October 8, 2026, if "Wankai Convertible Bonds" triggers the aforementioned conditional repurchase clause again, the Company's Board of Directors will convene another meeting to decide whether to exercise the early repurchase right for "Wankai Convertible Bonds" and will fulfill its information disclosure obligations in a timely manner. Investors are kindly requested to understand the relevant regulations of "Wankai Convertible Bonds" and pay attention to investment risks.
I. Basic Information of Convertible Corporate Bonds
(I) Issuance of Convertible Corporate Bonds
With the approval of the China Securities Regulatory Commission's "Approval on the Registration of Wankai New Material Co., Ltd.'s Issuance of Convertible Corporate Bonds to Unspecified Objects" (Zheng Jian Xu Ke [2024] No. 913), the Company issued 27,000,000 convertible corporate bonds to unspecified objects on August 16, 2024. Each bond has a face value of RMB 100, with a total issuance amount of RMB 2,700,000,000. After deducting expenses directly related to the issuance of convertible corporate bonds amounting to RMB 11,264,622.63 (excluding tax), the net amount of raised funds is RMB 2,688,735,377.37. The status of the raised funds has been verified by Zhonghui Certified Public Accountants (Special General Partnership) and confirmed by the "Verification Report on the Capital Verification of Wankai New Material Co., Ltd.'s Bond Fundraising" (Zhonghui Hui Yan [2024] No. 9678).
(II) Listing of Convertible Corporate Bonds
With the approval of the Shenzhen Stock Exchange, the convertible corporate bonds issued by the Company were listed and traded on the Shenzhen Stock Exchange starting from September 5, 2024. The bond abbreviation is "Wankai Convertible Bond" and the bond code is "123247".