Futures
Access hundreds of perpetual contracts
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Launchpad
Be early to the next big token project
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
More
Wangneng Environment Co., Ltd. Announcement on the Conversion of Convertible Bonds in the First Quarter of 2026
Log in to the Sina Finance app, search for【disclosure of information】to view review tiers
Stock Code: 002034 Stock Short Name: Waneng Environment Announcement No.: 2026-12
Bond Code: 128141 Bond Short Name: Waneng Convertible Bond
Waneng Environment Co., Ltd.
Announcement on the Conversion of Waneng Convertible Bonds for the First Quarter of 2026
The Company and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, and that there are no false records, misleading statements, or material omissions.
Special Notice:
Stock Code: 002034 Stock Short Name: Waneng Environment
Bond Code: 128141 Bond Short Name: Waneng Convertible Bond
Conversion Price: RMB 13.98 per share
Conversion Period: from June 23, 2021 to December 16, 2026
In accordance with the relevant provisions such as the Shenzhen Stock Exchange Stock Listing Rules and the Shenzhen Stock Exchange Implementation Rules for Convertible Bond Business, Waneng Environment Co., Ltd. (hereinafter referred to as the “Company”) hereby announces the details of the conversion of its convertible corporate bonds (hereinafter referred to as the “convertible bonds”) during the first quarter of 2026 and the changes in the Company’s shares as follows:
I. Basic Information on the Issuance and Listing of the Convertible Bonds
(1) Issuance of the Convertible Bonds
Approved by the China Securities Regulatory Commission’s “Reply on Approving the Public Issuance of Convertible Corporate Bonds by Waneng Environment Co., Ltd.” (CSRC Approval [2020] No. 2770), the Company publicly issued 14M convertible bond lots on December 17, 2020, with a par value of RMB 100 per lot. The total issuance amount was RMB 1.4 billion.
(2) Listing of the Convertible Bonds
With approval from the Shenzhen Stock Exchange (hereinafter referred to as the “SZSE”) under document “Shenzhen Securities Listing [2021] No. 26,” the Company’s convertible corporate bonds have been listed and traded on the SZSE starting from January 18, 2021. The bond short name is “Waneng Convertible Bond,” and the bond code is “128141.”
(3) Conversion of the Convertible Bonds
According to the “Offering Memorandum of Waneng Environment Co., Ltd. Public Issuance of Convertible Corporate Bonds” (hereinafter referred to as the “Offering Memorandum”), the conversion period of the convertible bonds issued in this offering shall begin on the first trading day after six months from the date when the issuance concluded, i.e., starting from June 23, 2021 (December 23, 2020), and shall end on the maturity date of the convertible bonds (December 16, 2026).
(4) Adjustments to the Conversion Price of the Convertible Bonds
On May 31, 2021, the Company implemented the 2020 annual profit distribution plan. The conversion price of “Waneng Convertible Bond” was adjusted from the original RMB 16.47 per share to RMB 15.97 per share. The adjusted conversion price started to take effect from May 31, 2021.
On May 31, 2022, the Company implemented the 2021 annual profit distribution plan. The conversion price of “Waneng Convertible Bond” was adjusted from the original RMB 15.97 per share to RMB 15.67 per share. The adjusted conversion price started to take effect from May 31, 2022.
On June 1, 2023, the Company implemented the 2022 annual profit distribution plan. The conversion price of “Waneng Convertible Bond” was adjusted from the original RMB 15.67 per share to RMB 15.17 per share. The adjusted conversion price started to take effect from June 1, 2023.
On November 23, 2023, the Company implemented the profit distribution plan for the first three quarters of 2023. The conversion price of “Waneng Convertible Bond” was adjusted from the original RMB 15.17 per share to RMB 14.97 per share. The adjusted conversion price started to take effect from November 23, 2023.
On June 6, 2024, the Company implemented the 2023 annual profit distribution plan. The conversion price of “Waneng Convertible Bond” was adjusted from the original RMB 14.97 per share to RMB 14.67 per share. The adjusted conversion price started to take effect from June 6, 2024.
On October 11, 2024, the Company implemented the profit distribution plan for the first half of 2024. The conversion price of “Waneng Convertible Bond” was adjusted from the original RMB 14.67 per share to RMB 14.47 per share. The adjusted conversion price started to take effect from October 11, 2024.
On July 11, 2025, the Company implemented the 2024 annual profit distribution plan. The conversion price of “Waneng Convertible Bond” was adjusted from the original RMB 14.47 per share to RMB 14.18 per share. The adjusted conversion price started to take effect from July 11, 2025.
On October 21, 2025, the Company implemented the profit distribution plan for the first half of 2025. The conversion price of “Waneng Convertible Bond” was adjusted from the original RMB 14.18 per share to RMB 13.98 per share. The adjusted conversion price started to take effect from October 21, 2025.
II. Conversion of Convertible Bonds and Changes in Shares
In the first quarter of 2026, “Waneng Convertible Bond” decreased by RMB 3,000 (30 lots) through conversion, and the number of shares converted was 214 shares. As of March 31, 2026, the remaining amount of “Waneng Convertible Bond” was RMB 1,157,558,900 (11,575,589 lots). The Company’s specific share changes during the first quarter of 2026 are as follows:
■
In the first quarter of 2026, the shareholding proportion of the Company’s controlling shareholder and its parties acting in concert did not, due to the increase in the Company’s share capital, reach or cross multiples of 5% and 5%, or reach multiples of 1%.
III. Other Matters
If investors need to learn about other relevant matters concerning “Waneng Convertible Bond,” please refer to the full text of the “Offering Memorandum of Public Issuance of Convertible Corporate Bonds” published by the Company on December 15, 2020 on the Cninfo website (www.cninfo.com.cn).
Contact Unit: Securities Department
Consultation Phone: 0572-2026371
Fax Phone: 0572-2026371
IV. Documents for Reference
As of March 31, 2026, the “Waneng Environment” register of share capital structure issued by the Shenzhen Branch of China Securities Depository and Clearing Co., Ltd.
As of March 31, 2026, the “Waneng Convertible Bond” register of share capital structure issued by the Shenzhen Branch of China Securities Depository and Clearing Co., Ltd.
This announcement is hereby issued.
Waneng Environment Co., Ltd.
Board of Directors
April 2, 2026
A wealth of information and precise insights are available on the Sina Finance app