Securities Code: 301235
Convertible Bond Code: 123251
Securities Abbreviation: Huakang Clean
Convertible Bond Abbreviation: Huayi Convertible Bond
Announcement Number: 2026-066
Wuhan Huakang Century Clean Technology Co., Ltd.
Announcement on Cumulative Conversion Amount of "Huayi Convertible Bonds" Reaching 10% of Company's Total Issued Shares Before Conversion, and Passive Dilution of Controlling Shareholder, Actual Controller, and Their Concerted Parties' Shareholding Ratio Touching 1% and Exceeding 5% Integer Multiple
The Company and the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and are free from any false representations, misleading statements, or material omissions.
Special Notice:
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Conversion Status: As of July 9, 2026, the cumulative conversion amount of "Huayi Convertible Bonds" was 13,094,105 shares, accounting for 12.40% of the company's total issued shares before the start of conversion for "Huayi Convertible Bonds," and 11.03% of the company's latest total share capital of 118,694,105 shares.
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Non-converted Status: As of July 9, 2026, there were still 4,583,536 "Huayi Convertible Bonds" that had not been converted, accounting for 61.11% of the total issuance of 7,500,000 convertible bonds.
I. Basic Information of Convertible Bonds
(I) Issuance of Convertible Bonds
With the approval of the China Securities Regulatory Commission's "Approval on the Registration of Wuhan Huakang Century Clean Technology Co., Ltd. to Issue Convertible Corporate Bonds to Unspecified Targets" (CSRC License [2024] No. 220), the company issued 7.5 million convertible corporate bonds to unspecified targets on December 23, 2024. Each bond has a face value of RMB 100, and the total amount raised was RMB 750,000,000.00. After deducting underwriting and sponsorship fees, accounting fees, legal fees, credit rating fees, and other issuance fees (excluding VAT), the total issuance expenses were RMB 6,183,142.52. The net amount raised was RMB 743,816,857.48. The aforementioned raised funds were received on December 27, 2024. The receipt of these funds was audited by Huizhong Certified Public Accountants (Special General Partnership), which issued the "Huizhong Audit [2024] No. 11046" Verification Report on December 27, 2024.
(II) Listing of Convertible Bonds
With the approval of the Shenzhen Stock Exchange, this convertible corporate bond was listed and traded on the Shenzhen Stock Exchange on January 9, 2025. The bond abbreviation is "Huayi Convertible Bond," and the bond code is "123251."
(III) Conversion Period of Convertible Bonds
The conversion period for this convertible bond starts from the first trading day six months after the issuance of this convertible bond ends (December 27, 2024, T+4) until the maturity date of this convertible bond, which is from June 27, 2025, to December 22, 2030 (if it falls on a statutory holiday or rest day, it will be postponed to the first trading day thereafter; interest payments during the postponed period will not be compounded).
(IV) Adjustment of Conversion Price of Convertible Bonds
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The initial conversion price of the convertible bonds issued by the company was RMB 22.48 per share.
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Due to the company's implementation of the 2024 annual equity distribution plan, the conversion price of "Huayi Convertible Bond" was adjusted from RMB 22.48 per share to RMB 22.43 per share. The adjustment of the conversion price took effect on May 29, 2025. For details, please refer to the "Announcement on the Adjustment of the Conversion Price of Convertible Bonds due to the 2024 Annual Equity Distribution" (Announcement Number: 2025-062) disclosed by the company on the Juchao Information Network (http://www.cninfo.com.cn) on May 22, 2025.
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Due to the company's implementation of the 2025 annual equity distribution plan, the conversion price of "Huayi Convertible Bond" was adjusted from RMB 22.43 per share to RMB 22.24 per share. The adjustment of the conversion price took effect on May 29, 2026. For details, please refer to the "Announcement on the Adjustment of the Conversion Price of Convertible Bonds due to the 2025 Annual Equity Distribution" (Announcement Number: 2026-046) disclosed by the company on the Juchao Information Network (http://www.cninfo.com.cn) on May 22, 2026.
As of the disclosure date of this announcement, the conversion price of "Huayi Convertible Bond" is RMB 22.24 per share.