Securities Code: 301266
Bond Code: 123224
Securities Abbreviation: Yubang New Material
Bond Abbreviation: Yubang Convertible Bond
Announcement No.: 2026-041
Suzhou Yubang New Material Co., Ltd.
Announcement on the Expected Trigger of Downward Adjustment Conditions for Convertible Bond Conversion Price
The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and have no false records, misleading statements, or major omissions.
Special Reminder:
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Securities Code: 301266 Securities Abbreviation: Yubang New Material
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Bond Code: 123224 Bond Abbreviation: Yubang Convertible Bond
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Conversion Price: 28.17 RMB/share
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Conversion Period: March 25, 2024 to September 18, 2029
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According to the "Prospectus for the Issuance of Convertible Corporate Bonds by Suzhou Yubang New Material Co., Ltd. to Unspecified Targets" (hereinafter referred to as the "Prospectus"), during the term of the convertible corporate bonds (hereinafter referred to as "Convertible Bonds") issued, if the closing price of the company's stock is lower than 85% of the current conversion price for at least 15 trading days within any 30 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.
From June 24, 2026 to July 7, 2026, the closing price of the company's stock has been lower than 85% of the current conversion price (i.e., 23.94 RMB/share) for 10 trading days, and it is expected that the downward adjustment condition for the conversion price of "Yubang Convertible Bond" may be triggered. If the conversion price adjustment condition is triggered, the company will fulfill the subsequent deliberation procedures and information disclosure obligations in a timely manner as stipulated in the "Prospectus". Investors are kindly requested to pay attention to investment risks.
I. Overview 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 Suzhou Yubang New Material Co., Ltd. for Issuing Convertible Corporate Bonds to Unspecified Targets" (Zhengjian Xuke [2023] No. 1891), the company issued 5,000,000 convertible corporate bonds to unspecified targets on September 19, 2023, at an issuance price of RMB 100 per bond. The total amount of funds raised was RMB 500,000,000. After deducting issuance expenses, the net amount of funds actually raised was RMB 495,088,896.23. The above raised funds were verified by Gongzheng Tianye Certified Public Accountants (Special General Partnership) on September 25, 2023, and a "Su Gong W[2023]B082" "Capital Verification Report" was issued.
(II) Listing of Convertible Corporate Bonds
With the approval of the Shenzhen Stock Exchange, the company's convertible bonds were listed and traded on the Shenzhen Stock Exchange on October 18, 2023. The bond abbreviation is "Yubang Convertible Bond" and the bond code is "123224".
(III) Conversion Period of Convertible Corporate Bonds
According to the "Prospectus", the conversion period of the convertible bonds issued starts from the first trading day six months after the end of the convertible bond issuance date (September 25, 2023) (March 25, 2024) until the maturity date of the convertible corporate bonds (September 18, 2029) (if it falls on a statutory holiday or rest day, it will be postponed to the first working day thereafter; interest payments during the postponed period will not be calculated separately).