Zibo Qixiang Tengda Chemical Co., Ltd. Announcement on the Conversion of Convertible Bonds in the First Quarter of 2026

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2026-04-08 17:49:25

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Stock code:002408 Stock abbreviation:Qixiang Tengda Announcement No.:2026-005

Bond code:128128 Bond abbreviation:Qixiang Bond 2

Zibo Qixiang Tengda Chemical Co., Ltd.

Announcement on the Conversion of Qixiang Tengda Convertible Corporate Bonds in the First Quarter of 2026

The Company and all members of the Board of Directors warrant that the content of this information disclosure is true, accurate, and complete, and that there are no false records, misleading statements, or material omissions.

Special Notice:

Securities code:002408 Stock abbreviation:Qixiang Tengda

Bond code:128128 Bond abbreviation:Qixiang Bond 2

Conversion price: RMB 5.37 per share

Conversion period: from February 26, 2021 to August 19, 2026

In accordance with the relevant provisions such as the Rules Governing the Listing of Stocks on the Shenzhen Stock Exchange and the Shenzhen Stock Exchange self-regulatory guidance No.15 on convertible corporate bonds, Zibo Qixiang Tengda Chemical Co., Ltd. (hereinafter referred to as the “Company”) hereby announces the conversion of the Company’s convertible corporate bonds in the first quarter of 2026 (hereinafter referred to as “Qixiang Bond 2”) and the changes in the Company’s shares as follows:

I. Basic information on the issuance and listing of the convertible bonds

Issuance of the convertible bonds

With approval from the China Securities Regulatory Commission (CSRC) as stated in document CSRC License No.[2020]1342, the Company issued, on August 20, 2020, 29.90 million lots of convertible corporate bonds (hereinafter referred to as the “Convertible Bonds”) publicly, with a par value of RMB 100 per lot. The total issuance amount was RMB 29.9M.

Listing of the convertible bonds

With approval from the SZSE as stated in document “SZSE Approval [2020]835,” the Company’s bonds with a total issuance amount of RMB 2.99B were listed and began trading on the SZSE starting from September 15, 2020. The bond abbreviation is “Qixiang Bond 2,” and the bond code is “128128.”

Conversion of the convertible bonds

According to the Offering Memorandum for the publicly issued convertible corporate bonds of Zibo Qixiang Tengda Chemical Co., Ltd., the conversion period for the Convertible Bonds issued in this offering runs from February 26, 2021 to the maturity date of August 19, 2026. The initial conversion price was RMB 8.22 per share. Details regarding the conversion are set out in the Company’s “Prompt Announcement on the Start of Conversion of ‘Qixiang Bond 2’” (Announcement No.: 2021-012) disclosed in the newspapers “China Securities Journal,” “Securities Times,” “Securities Daily,” “Shanghai Securities News” and on the website of CNINFO (www.cninfo.com.cn).

The Company implemented the 2020 equity distribution plan on June 25, 2021. According to the relevant rules, the conversion price of “Qixiang Bond 2” was adjusted from RMB 8.22 per share to RMB 7.97 per share starting from June 25, 2021. For details, see the Company’s “Announcement on the Adjustment of the Conversion Price of ‘Qixiang Bond 2’” (Announcement No.: 2021-056) disclosed in “Securities Times,” “Securities Daily,” “Shanghai Securities News,” “China Securities Journal” and on the website of CNINFO (www.cninfo.com.cn).

The Company implemented the capital reserve capitalization/bonus issue (from capital surplus) for the first half of 2021 on September 28, 2021. According to the relevant rules, the conversion price of “Qixiang Bond 2” was adjusted from RMB 7.97 per share to RMB 5.69 per share starting from September 29, 2021. For details, see the Company’s “Announcement on the Adjustment of the Conversion Price of ‘Qixiang Bond 2’” (Announcement No.: 2021-088) disclosed in “Securities Times,” “Securities Daily,” “Shanghai Securities News,” “China Securities Journal” and on the website of CNINFO (www.cninfo.com.cn).

The Company implemented the 2022 equity distribution plan on July 19, 2023. According to the relevant rules, the conversion price of “Qixiang Bond 2” was adjusted from RMB 5.69 per share to RMB 5.53 per share starting from July 19, 2023. For details, see the Company’s “Announcement on the Adjustment of the Conversion Price of ‘Qixiang Bond 2’” (Announcement No.: 2023-071) disclosed in “Securities Times,” “Securities Daily,” “Shanghai Securities News,” “China Securities Journal” and on the website of CNINFO (www.cninfo.com.cn).

The Company implemented the 2023 equity distribution plan on June 6, 2024. According to the relevant rules, the conversion price of “Qixiang Bond 2” was adjusted from RMB 5.53 per share to RMB 5.46 per share starting from June 6, 2024. For details, see the Company’s “Announcement on the Adjustment of the Conversion Price of ‘Qixiang Bond 2’” (Announcement No.: 2024-051) disclosed in “Securities Times,” “Securities Daily,” “Shanghai Securities News,” “China Securities Journal” and on the website of CNINFO (www.cninfo.com.cn).

The Company implemented the equity distribution plan for the first three quarters of 2024 on December 31, 2024. According to the relevant rules, the conversion price of “Qixiang Bond 2” was adjusted from RMB 5.46 per share to RMB 5.40 per share starting from December 31, 2024. For details, see the Company’s “Announcement on the Adjustment of the Conversion Price of ‘Qixiang Bond 2’” (Announcement No.: 2024-095) disclosed in “Securities Times,” “Securities Daily,” “Shanghai Securities News,” “China Securities Journal” and on the website of CNINFO (www.cninfo.com.cn).

The Company implemented the 2024 equity distribution plan on June 16, 2025. According to the relevant rules, the conversion price of “Qixiang Bond 2” was adjusted from RMB 5.40 per share to RMB 5.37 per share starting from June 16, 2025. For details, see the Company’s “Announcement on the Adjustment of the Conversion Price of ‘Qixiang Bond 2’” (Announcement No.: 2025-031) disclosed in “Securities Times,” “Securities Daily,” “Shanghai Securities News,” “China Securities Journal” and on the website of CNINFO (www.cninfo.com.cn).

II. Conversion of “Qixiang Bond 2” and changes in the share capital

In the first quarter of 2026, “Qixiang Bond 2” saw a decrease in conversion amount of RMB 6,000 (60 bonds) due to conversion, and the number of shares converted was 1,116 shares. As of March 31, 2026, a total of RMB 2,310,663,700 (23,106,637 bonds) of “Qixiang Bond 2” had been converted into the Company’s shares, and the total number of shares converted was 292,120,302 shares (of which the number of shares converted using the Company’s repurchased shares amounted to 26,986,867 shares). As of March 31, 2026, the remaining amount of “Qixiang Bond 2” was RMB 679,336,300, with 6,793,363 remaining bonds. The Company’s changes in the share capital in the first quarter of 2026 are as follows:

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III. Other matters

If investors have questions regarding the above, please call the Company’s securities department investor consultation hotline at 0533-7699188.

IV. Documents for reference

The share capital structure table for “Qixiang Tengda” issued by the Shenzhen Branch of China Securities Depository and Clearing Co., Ltd. as of March 31, 2026.
The share capital structure table for “Qixiang Bond 2” issued by the Shenzhen Branch of China Securities Depository and Clearing Co., Ltd. as of March 31, 2026.

Board of Directors of Zibo Qixiang Tengda Chemical Co., Ltd.

April 2, 2026

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