Stock Code: 301297 Stock Abbreviation: Fulede Announcement No.: 2026-060
Bond Code: 124025 Bond Abbreviation: Fule Convertible Bonds
Anhui Fulede Technology Development Co., Ltd.
Announcement Regarding the Dilution of Immediate Returns by the Issuance of Convertible Corporate Bonds to Unspecified Targets, Remedial Measures, and Commitments of Relevant Subjects
The Board of Directors and all directors of the Company guarantee that the contents of this announcement do not contain any false records, misleading statements, or major omissions, and bear individual and joint liability for the authenticity, accuracy, and completeness of its contents.
In accordance with the "Opinions of the General Office of the State Council on Further Strengthening the Protection of the Legitimate Rights and Interests of Small and Medium Investors in the Capital Market," the "Several Opinions of the State Council on Further Promoting the Healthy Development of the Capital Market," and the "Guiding Opinions on Matters Concerning the Dilution of Immediate Returns in Initial Public Offerings, Refinancing, and Major Asset Restructuring" issued by the China Securities Regulatory Commission (hereinafter referred to as the "CSRC"), the Company has analyzed whether the public issuance of convertible corporate bonds (hereinafter referred to as the "Issuance") will dilute immediate returns. The impact of the Issuance on the Company's main financial indicators and the measures the Company intends to take are explained as follows:
I. Impact of the Issuance on the Company's Main Financial Indicators
(I) Main Assumptions and Premises
The following assumptions are for the purpose of calculating the impact of the Issuance on the Company's main financial indicators. Investors are advised to pay special attention that these assumptions do not constitute any forecasts or commitments, and investors should not make investment decisions based on them. The Company shall not be liable for any losses incurred by investors making investment decisions based on these assumptions. The relevant assumptions are as follows:
-
Assume that there are no major changes in the macroeconomic environment, industrial policies, industry development status, or product market conditions.
-
Assume that the issuance of convertible corporate bonds to unspecified targets is completed by the end of December 2026, and assume two scenarios: full conversion on June 30, 2027 (i.e., 100% conversion rate, converted in one lump sum) and no conversion by December 31, 2027 (i.e., 0% conversion rate). This timing is used only for calculating the impact of the Issuance on immediate returns; the actual completion time shall prevail.
-
Based on the total share capital of 694,309,362.00 shares as of the end of July 2026, excluding treasury shares, only considering the impact of the Issuance, and excluding changes in share capital caused by subsequent profit distribution, capital reserve conversion, equity incentive grants, and exercises.
-
Assume the conversion price of the Issuance is 35.58 yuan/share (the higher of the average trading price of the Company's shares for the twenty trading days preceding the date of the Board meeting for the Issuance and the average trading price for the preceding trading day). This conversion price is only used for calculating the impact of the Issuance on main financial data and indicators and does not constitute a forecast or commitment regarding the actual conversion price. The final initial conversion price will be determined by the Board of Directors based on shareholder authorization and market conditions before the issuance, and may be subject to ex-rights, ex-dividend adjustments, or downward revisions.
-
Assume the total proceeds from the convertible bond issuance are 1,176.00 million yuan, excluding issuance expenses. The final number of shares issued and the actual proceeds received will be determined based on regulatory approval, subscription conditions, and issuance expenses.