301268SZSE
🚨 Material Event

Announcement on Changes to the Credit Rating of Convertible Corporate Bonds

✨ AI Summary

Shenzhen Minglida Precision Technology Co., Ltd. announces a downgrade in its credit rating and that of its convertible bonds from AA- to A+ by Zhongzheng Yuan. The company attributes this to increased competition, losses, and rising raw material costs, but notes strategic initiatives and strong customer relationships. The downgrade is not expected to significantly impact its debt servicing ability.

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Full Translation

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Securities Code: 301268

Bond Code: 123215

Securities Abbreviation: Minglida

Bond Abbreviation: Minglita Convertible Bond

Announcement No.: 2026-064

Shenzhen Minglida Precision Technology Co., Ltd.

Announcement on Changes to the Credit Rating of Convertible Corporate Bonds

The Company and all members of the Board of Directors guarantee the authenticity, accuracy, and completeness of the announcement content and that there are no false records, misleading statements, or major omissions.

Special Notice:

  1. Before adjustment: The rating of "Minglita Convertible Bond" was AA-, the main body credit rating was AA-, and the rating outlook was stable.

  2. After adjustment: The rating of "Minglita Convertible Bond" is A+, the main body credit rating is A+, and the rating outlook is stable.

Shenzhen Minglida Precision Technology Co., Ltd. (hereinafter referred to as the "Company") recently received the "Shenzhen Minglida Precision Technology Co., Ltd. Related Bonds 2026 Annual Tracking Rating Report" (Zhongpeng Xinpíng [2026] Tracking No. [335] 01) issued by China Chengxin Securities Assessment Co., Ltd. (hereinafter referred to as "China Chengxin"). China Chengxin adjusted the Company's main body credit rating from AA- to A+ and the "Minglita Convertible Bond" rating from AA- to A+, with a stable outlook. The relevant situation is disclosed as follows:

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