301268SZSE
🚨 Material Event

Shenzhen Mingli Da Precision Technology Co., Ltd. Convertible Bond Issuance to Unspecified Targets Second Interim Trustee Management Report (2026)

✨ AI Summary

This report details the credit rating downgrade of Shenzhen Mingli Da Precision Technology Co., Ltd. and its convertible bonds to A+. The downgrade is attributed to industry competition, lower-than-expected overseas orders, and significant asset impairments. Despite these challenges, the company's operations are normal, and debt payments are timely.

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Full Translation

AI Translation· gemini_document

Securities Abbreviation: Mingli Da

Bond Abbreviation: Mingli Convertible Bond

Securities Code: 301268

Bond Code: 123215

Guotai Haitong Securities Co., Ltd.

Regarding Shenzhen Mingli Da Precision Technology Co., Ltd.'s Issuance of Convertible Corporate Bonds to Unspecified Targets, Second Interim Trustee Management Report (2026)

Trustee Manager

(Address: No. 618, Shangcheng Road, China (Shanghai) Pilot Free Trade Zone)

July 2026

Important Statement

This report is prepared by the trustee manager, Guotai Haitong Securities Co., Ltd. (hereinafter referred to as "Guotai Haitong Securities"), in accordance with the "Administrative Measures for the Issuance and Trading of Corporate Bonds," the "Code of Practice for Corporate Bond Trustee Managers," the "Shenzhen Mingli Da Precision Technology Co., Ltd. Growth Enterprise Market Issuance of Convertible Corporate Bonds to Unspecified Targets Trustee Management Agreement" (hereinafter referred to as the "Trustee Management Agreement"), the "Shenzhen Mingli Da Precision Technology Co., Ltd. Growth Enterprise Market Issuance of Convertible Corporate Bonds to Unspecified Targets Prospectus" (hereinafter referred to as the "Prospectus"), and other relevant regulations and agreements, public information disclosure documents, and relevant explanation documents issued by Shenzhen Mingli Da Precision Technology Co., Ltd. (hereinafter referred to as the "Company," "Mingli Da," or the "Issuer"), and related materials provided.

In accordance with relevant laws and regulations, investors are advised to be aware of the risks of investment and trading default bonds. Invest and trade bonds legally, and do not engage in insider trading, irregular operations, or market disruption.

This report does not constitute a recommendation for investors to take or not take any action. Investors should make independent judgments on relevant matters.

1

I. Basic Information of the Bonds

The issuance plan and related matters of this convertible bond have been deliberated and approved by Shenzhen Mingli Da Precision Technology Co., Ltd. (hereinafter referred to as the "Issuer" or the "Company") at the fourth meeting of the second board of directors on January 16, 2023, and at the 2023 second extraordinary general meeting of shareholders on February 1, 2023.

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