Guanzhong Ecology: Announcement Regarding the Non-Prepayment of "Guanzhong Convertible Bonds"

NightAirdropper · 2026-03-01T01:55:00+00:00

Guan Zhong Ecology announced that its stock triggered the conditional redemption clause of the "Guan Zhong Convertible Bonds" between January 29, 2026, and February 26, 2026. The board of directors has decided not to redeem the bonds early and will continue to refrain from exercising the redemption rights for the next three months. If triggered again in the future, a meeting will be convened to decide whether to redeem.

NightAirdropper

2026-03-01 01:55:00

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Securities Daily News: On February 26, Guan Zhong Ecology announced that from January 29, 2026, to February 26, 2026, the company’s stock has met the condition of closing prices not less than 130% (including 130%) of the current conversion price of the “Guan Zhong Convertible Bond” (i.e., 10.44 yuan per share) for at least 15 trading days within any 30 consecutive trading days. According to the conditional redemption clause in the “Prospectus for the Public Issuance of Convertible Corporate Bonds by Qingdao Guan Zhong Ecology Co., Ltd.,” this condition has triggered the conditional redemption of the “Guan Zhong Convertible Bond.” The company held the eighth meeting of the fifth board of directors on February 26, 2026, and approved the proposal regarding not redeeming the “Guan Zhong Convertible Bond” early. The board decided not to exercise the early redemption right for the “Guan Zhong Convertible Bond” at this time and will not redeem it early. Furthermore, within the next three months (from February 27, 2026, to May 26, 2026), if the same condition for redemption is triggered again, the company will not exercise the early redemption right. Starting from the first trading day after May 26, 2026, if the “Guan Zhong Convertible Bond” triggers the above conditional redemption again, the company’s board will convene a separate meeting to decide whether to exercise the early redemption right and will fulfill the disclosure obligations in a timely manner.

(Edited by Ren Shibi)

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