Xianhe Co., Ltd. Convertible Bond Conversion Results and Share Change Announcement

MaticHoleFiller

2026-04-07 20:08:40

Abstract generation in progress

Stock code: 603733 Stock abbreviation: Xianhe Shares Announcement No.: 2026-003

Bond code: 113632 Bond abbreviation: Crane 21 Convertible Bond

Xianhe Shares Co., Ltd.

Convertible bond conversion results and shareholding change announcement

The board of directors of the Company and all directors warrant that the contents of this announcement contain no false records, misleading statements, or material omissions, and assume individual and joint liability for the truthfulness, accuracy, and completeness of the contents.

Key information to note:

● Cumulative conversion: As of March 31, 2026, a total of RMB 33,305,000 of “Crane 21 Convertible Bond” has been converted into the Company’s shares, with a cumulative number of shares converted of 1,751,926 shares, accounting for 0.2482% of the total number of shares issued by the Company prior to the conversion of the convertible bond.

● Unconverted convertible bond balance: As of March 31, 2026, the amount of “Crane 21 Convertible Bond” not yet converted is RMB 2,016,694,000, accounting for 98.3754% of the total issuance of convertible bonds.

● Conversion during this quarter: From January 1, 2026 to March 31, 2026, a total of RMB 2,000 of “Crane 21 Convertible Bond” has been converted into the Company’s shares, with a cumulative number of shares converted of 104 shares, accounting for 0.000015% of the total number of shares issued by the Company prior to the conversion of the convertible bond.

I. Overview of the issuance and listing of the convertible bonds

(1) Issuance of the convertible bonds

Approved by the China Securities Regulatory Commission’s Reply on the Approval to Publicly Issue Convertible Corporate Bonds by Xianhe Shares Co., Ltd. (CSRC License [2021] No. 3200), Xianhe Shares Co., Ltd. (hereinafter referred to as the “Company” and “this Company”) publicly issued 20.5 million lots of convertible corporate bonds on November 17, 2021. Each lot had a par value of RMB 100. The total issuance amount was RMB 2.05 billion, with a term of 6 years.

(2) Listing of the convertible bonds

Upon approval by the Shanghai Stock Exchange through its self-regulatory regulatory decision letter [2021] No. 461, the RMB 2.05 billion convertible corporate bonds issued by the Company are listed and traded on the Shanghai Stock Exchange starting from December 9, 2021. Bond abbreviation: “Crane 21 Convertible Bond”; bond code: “113632”.

(3) Conversion of the convertible bonds

In accordance with relevant provisions and the terms of the “Prospectus for the Public Issuance of Convertible Corporate Bonds by Xianhe Shares Co., Ltd.”, the “Crane 21 Convertible Bond” issued by the Company is convertible into the shares of the Company from May 23, 2022. The initial conversion price of the “Crane 21 Convertible Bond” is RMB 39.09 per share. The current conversion price is RMB 18.99 per share. The adjustments to the conversion price in various instances are as follows:

Due to the Company’s implementation of the 2021 annual equity distribution, the conversion price of the “Crane 21 Convertible Bond” was adjusted from RMB 39.09 per share to RMB 38.74 per share effective July 5, 2022. For details, see the Company’s “Announcement on Profit Distribution Adjusting the Conversion Price of ‘Crane 21 Convertible Bond’” disclosed on the Shanghai Stock Exchange website on June 28, 2022 (Announcement No.: 2022-050).
On August 1, 2022, the Company held its 4th extraordinary general meeting of shareholders in 2022, which approved the proposal on downwardly revising the conversion price of the “Crane 21 Convertible Bond”. The conversion price of the “Crane 21 Convertible Bond” was adjusted from RMB 38.74 per share to RMB 27.23 per share effective August 3, 2022. For details, see the Company’s “Announcement on Downward Revision of the Conversion Price of ‘Crane 21 Convertible Bond’” disclosed on the Shanghai Stock Exchange website on August 2, 2022 (Announcement No.: 2022-062).
Due to the Company’s implementation of the 2022 annual equity distribution, the conversion price of the “Crane 21 Convertible Bond” was adjusted from RMB 27.23 per share to RMB 26.92 per share effective June 19, 2023. For details, see the Company’s “Announcement on Adjusting the Conversion Price of ‘Crane 21 Convertible Bond’ by Implementing the 2022 Annual Equity Distribution” disclosed on the Shanghai Stock Exchange website on June 13, 2023 (Announcement No.: 2023-051).
On August 31, 2023, the Company held its 3rd extraordinary general meeting of shareholders in 2023, which approved the proposal on downwardly revising the conversion price of the “Crane 21 Convertible Bond”. The conversion price of the “Crane 21 Convertible Bond” was adjusted from RMB 26.92 per share to RMB 19.84 per share effective September 4, 2023. For details, see the Company’s “Announcement on Downward Revision of the Conversion Price of ‘Crane 21 Convertible Bond’” disclosed on the Shanghai Stock Exchange website on September 1, 2023 (Announcement No.: 2023-073).
Due to the Company’s implementation of the 2023 annual equity distribution, the conversion price of the “Crane 21 Convertible Bond” was adjusted from RMB 19.84 per share to RMB 19.49 per share effective June 27, 2024. For details, see the Company’s “Announcement on Adjusting the Conversion Price of ‘Crane 21 Convertible Bond’ by Implementing the 2023 Annual Equity Distribution” disclosed on the Shanghai Stock Exchange website on June 20, 2024 (Announcement No.: 2024-036).
Due to the Company’s implementation of the 2024 annual equity distribution, the conversion price of the “Crane 21 Convertible Bond” was adjusted from RMB 19.49 per share to RMB 18.99 per share effective July 10, 2025. For details, see the Company’s “Announcement on Adjusting the Conversion Price of ‘Crane 21 Convertible Bond’ by Implementing the 2024 Annual Equity Distribution” disclosed on the Shanghai Stock Exchange website on July 4, 2025 (Announcement No.: 2025-032).

II. Conversion of this convertible bond issuance

The conversion period of the “Crane 21 Convertible Bond” is from May 23, 2022 to November 16, 2027.

As of March 31, 2026, a total of RMB 33,305,000 of “Crane 21 Convertible Bond” has been converted into the Company’s shares, with a cumulative number of shares converted of 1,751,926 shares, accounting for 0.2482% of the total number of shares issued by the Company prior to the conversion of the convertible bonds. Of this amount, from January 1, 2026 to March 31, 2026, a total of RMB 2,000 of “Crane 21 Convertible Bond” has been converted into the Company’s shares, with a cumulative number of shares converted of 104 shares, accounting for 0.000015% of the total number of shares issued by the Company prior to the conversion of the convertible bonds.

As of March 31, 2026, the amount of “Crane 21 Convertible Bond” not yet converted is RMB 2,016,694,000, accounting for 98.3754% of the total issuance of convertible bonds.

III. Changes in share capital

Unit: shares

■

IV. Others

Contact department: Company Securities Department

Contact phone: 0570-2833055

Contact email: zqb@xianhepaper.com

This announcement is hereby issued.

Board of Directors of Xianhe Shares Co., Ltd.

April 2, 2026

Endless information, precise interpretation—available in the Sina Finance app

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.