Announcement of Public Offering of Convertible Corporate Bonds to Non-specific Investors
Sponsor (Underwriter): Oriental Securities Co., Ltd.
The Company and the entire Board of Directors guarantee that the information disclosed is true, accurate, and complete, and contains no false records, misleading statements, or significant omissions.
Special Notice
Zhejiang Fengmao Technology Co., Ltd. (hereinafter referred to as "Fengmao股份", "the Issuer", or "the Company") and Oriental Securities Co., Ltd. (hereinafter referred to as "Oriental Securities" or "the Sponsor (Underwriter)") are organizing the implementation of this offering of convertible corporate bonds to non-specific investors (hereinafter referred to as "convertible corporate bonds", "convertible bonds", or "Fengmao转债") in accordance with the "Securities Law of the People's Republic of China", the "Administrative Measures for the Issuance and Underwriting of Securities" (CSRC Order No. 228), the "Administrative Measures for the Registration and Issuance of Securities by Listed Companies" (CSRC Order No. 227), the "Implementation Rules for the Issuance and Underwriting Business of Securities by Listed Companies of the Shenzhen Stock Exchange (2025 Revision)" (SZSE Letter [2025] No. 268), the "Shenzhen Stock Exchange Listed Company Self-Regulatory Supervision Guidelines No. 15 - Convertible Corporate Bonds (2025 Revision)" (SZSE Letter [2025] No. 223), and the "Shenzhen Stock Exchange GEM Listed Company Self-Regulatory Supervision Guidelines No. 1 - Business Handling (2026 Revision)" (SZSE Letter [2026] No. 135), and other relevant regulations.
The convertible bonds to be issued will be preferentially allocated to existing shareholders registered with China Securities Depository and Clearing Corporation Limited Shenzhen Branch (hereinafter referred to as "ChinaClear Shenzhen Branch" or "the Depository Company") after the close of trading on the equity registration date (August 17, 2026, T-1 day). The remaining portion after the preferential allocation to existing shareholders (including the portion of preferential allocation waived by existing shareholders) will be offered to the public investors through the online trading system of the Shenzhen Stock Exchange (hereinafter referred to as "SZSE"). Investors are advised to carefully read this announcement and the relevant regulations published on the SZSE website (www.szse.cn).
The following are important reminders regarding the issuance process, subscription, payment, and forfeiture of convertible bonds to non-specific investors:
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The preferential allocation date for existing shareholders and the online subscription date are both August 18, 2026 (T day). The online subscription period is from 9:15-11:30 and 13:00-15:00 on T day. When participating in preferential allocation on August 18, 2026 (T day), existing shareholders must pay sufficient funds for the number of convertible bonds to be preferentially allocated within their allocated quota. Existing shareholders and public investors do not need to pay subscription funds when participating in the online subscription of the remaining portion after preferential allocation.
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Investors should determine the subscription amount based on industry regulatory requirements and their respective asset or capital scale, and should not subscribe beyond their asset or capital scale. If the Sponsor (Underwriter) discovers that an investor violates industry regulatory requirements by subscribing beyond their respective asset or capital scale, it has the right to deem such subscription invalid. Investors should express their subscription intentions independently and should not authorize securities companies to subscribe on their behalf in a general manner.