301398SZSE

Notice on the Anticipated Trigger of Downward Adjustment Conditions for Zhuomei Convertible Bonds

✨ AI Summary

This announcement informs that from April 28 to June 4, 2026, the stock price of Ningbo Xingyuan Zhuomei Technology Co., Ltd. has fallen below 85% of the conversion price for ten trading days. This may trigger a downward adjustment of the conversion price for Zhuomei Convertible Bonds. The board of directors may propose an adjustment plan for shareholder approval.

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Full Translation

AI Translation· azure_openai

Securities Information

  1. Securities Code: 301398
  2. Securities Abbreviation: Xingyuan Zhuomei
  3. Bond Code: 123260
  4. Bond Abbreviation: Zhuomei Convertible Bonds

Notice

Ningbo Xingyuan Zhuomei Technology Co., Ltd. (hereinafter referred to as "the Company") and all members of the board of directors guarantee that the content of this information disclosure is true, accurate, and complete, without false records, misleading statements, or major omissions.

Key Information

  1. Conversion Price: 52.30 RMB/share
  2. Conversion Period: May 13, 2026, to November 6, 2031
  3. From April 28, 2026, to June 4, 2026, the Company's stock has had ten trading days where the closing price was below 85% of the current conversion price of the "Zhuomei Convertible Bonds" during a continuous thirty trading day period.

According to the "Prospectus for the Public Offering of Convertible Corporate Bonds by Ningbo Xingyuan Zhuomei Technology Co., Ltd." (hereinafter referred to as "the Prospectus"), it states: "During the validity period of the issued convertible bonds, if the closing price of the Company's stock is below 85% of the current conversion price for at least fifteen trading days within any continuous thirty trading day period, the board of directors has the right to propose a downward adjustment plan for the conversion price and submit it for shareholder meeting approval."

Basic Information on Convertible Bonds

  1. Issuance and Listing
    According to the China Securities Regulatory Commission's approval (Zheng Jian Xu Ke [2025] No. 2265), the Company issued 4.5 million convertible bonds to unspecified objects, with a face value of 2,100.00 RMB each, totaling 450 million RMB, with a term of 6 years. The bonds were approved for listing on the Shenzhen Stock Exchange starting November 24, 2025, under the name "Zhuomei Convertible Bonds" and code "123260."

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