Securities Code: 301459 Securities Abbreviation: Fengmao Shares Announcement No.: 2026-039
Zhejiang Fengmao Technology Co., Ltd.
Announcement of Resolutions of the Second Session of the Twenty-Fourth Board of Directors Meeting
The company and all members of the Board of Directors guarantee the content of the information disclosed is true, accurate, and complete, and that there are no false records, misleading statements, or major omissions.
I. Convening of the Board Meeting
The Second Session of the Twenty-Fourth Board of Directors Meeting of Zhejiang Fengmao Technology Co., Ltd. (hereinafter referred to as the "Company") was held in the company's meeting room on August 13, 2026 (Thursday) through on-site and written voting.
The meeting notice was sent to all directors via email and by special delivery on August 10, 2026. The meeting was presided over by Chairman Jiang Chunlei. A total of 9 directors were eligible to attend (including 3 attending via communication), and 9 directors actually attended. The Company's Board Secretary and other senior management attended the meeting. The convening of the meeting complied with relevant laws, regulations, rules, and the Articles of Association.
II. Deliberation of the Board Meeting
(I) Deliberation and Approval of the Proposal on Further Clarifying the Company's Plan for Issuing Convertible Corporate Bonds to Unspecified Targets
The Company has obtained the "Approval on the Registration of Zhejiang Fengmao Technology Co., Ltd. for Issuing Convertible Corporate Bonds to Unspecified Targets" (Securities Regulatory License [2026] No. 1756) issued by the China Securities Regulatory Commission (hereinafter referred to as the "CSRC"), approving the Company's registration application for issuing convertible corporate bonds to unspecified targets. Based on the authorization of the Company's shareholders' meeting, the Board of Directors, in accordance with relevant laws and regulations and considering the Company's actual situation and market conditions, has further clarified the plan for issuing convertible corporate bonds in this issuance, the details of which are as follows:
- Type of Securities to be Issued
The type of securities to be issued in this issuance is convertible corporate bonds (hereinafter referred to as "convertible bonds") that can be converted into ordinary shares of the Company's RMB common stock (A-shares). These convertible bonds and the shares to be converted in the future will be listed on the Shenzhen Stock Exchange (hereinafter referred to as the "SZSE").
Voting Results: 9 votes in favor, 0 against, 0 abstentions.
- Issuance Size and Number of Shares
The total issuance size of convertible bonds is RMB 60,752.98 million, and the number of shares issued is 6,075,298.
- Face Value and Issuance Price
The face value of each convertible bond issued is RMB 100, and it is issued at par.
- Bond Term
The term of the convertible bonds issued is 6 years from the date of issuance, i.e., from August 18, 2026 (T day) to August 17, 2032 (if it falls on a statutory holiday or rest day, it will be postponed to the first trading day thereafter; interest payments during the postponement period will not be compounded).
- Coupon Rate
The coupon rate for the first year is 0.20%, the second year is 0.40%, the third year is 0.60%, the fourth year is 1.00%, the fifth year is 1.50%, and the sixth year is 1.80%.