Jiangsu Oriental Shenghong Co., Ltd. Announcement on the Conversion of Convertible Bonds in the First Quarter of 2026

Log in to the Sina Finance app and search for 【information disclosure】 to view the evaluation grades

Stock code: 000301 Stock abbreviation: 东方盛虹 Announcement No.: 2026-021

Bond code: 127030 Bond abbreviation: 盛虹 convertible bond

Jiangsu Eastern Shenghong Co., Ltd.

Announcement on the Conversion of Its 2026 First-Quarter Convertible Corporate Bonds

All the Company and all members of the board of directors hereby guarantee that the information disclosure in this announcement is true, accurate, and complete, and contains no false records, misleading statements, or material omissions.

Special notice:

1. Stock code: 000301 Stock abbreviation: 东方盛虹

2. Bond code: 127030 Bond abbreviation: 盛虹 convertible bond

3. Conversion price: RMB 13.21 per share

4. Conversion period: from September 27, 2021 to March 21, 2027

Pursuant to the Shenzhen Stock Exchange’s Rules for Listing of Stocks, and the relevant provisions such as the Shenzhen Stock Exchange’s self-regulatory guidelines No. 15—Convertible Corporate Bonds, etc., Jiangsu Eastern Shenghong Co., Ltd. (hereinafter referred to as the “Company”) hereby announces, as follows, the conversion of its 2026 first-quarter convertible corporate bonds (hereinafter referred to as the “convertible bonds”) and the changes in the Company’s shares:

I. Overview of issuance and listing of the convertible bonds

Approved by the China Securities Regulatory Commission (hereinafter referred to as the “CSRC”) through its decision “Approval of Jiangsu Eastern Shenghong Co., Ltd. to publicly issue convertible corporate bonds” (CSRC License No.〔2021〕512), the Company publicly issued 50M convertible bonds on March 22, 2021, with a par value of RMB 100 per bond and a total issuance amount of RMB 50M, with a term of 6 years. With the approval of the Shenzhen Stock Exchange, the convertible bonds issued in this round have been listed and traded on the Shenzhen Stock Exchange starting from April 21, 2021. The bond abbreviation is “盛虹 convertible bond,” and the bond code is “127030.”

Pursuant to the relevant rules and the provisions of the “Prospectus for the Public Issuance of A-Share Convertible Corporate Bonds by Jiangsu Eastern Shenghong Co., Ltd.,” the conversion start and end dates of “盛虹 convertible bond” shall be the first trading day following the six-month period after the end date of the issuance of the convertible bonds (March 26, 2021) (September 27, 2021) until the bond maturity date (March 21, 2027) (if that date is a statutory holiday or a rest day, the date shall be deferred to the next trading day). The initial conversion price of “盛虹 convertible bond” is RMB 14.20 per share.

II. Past adjustments to the conversion price of the convertible bonds

Pursuant to the Company’s 2020 annual general meeting resolution, the Company implemented the 2020 dividend and distribution plan on June 2021. After the implementation of this equity distribution, the conversion price of “盛虹 convertible bond” was adjusted from RMB 14.20 per share to RMB 14.10 per share, and the effective date of the conversion price adjustment was June 18, 2021.

Pursuant to the CSRC’s “Approval of Jiangsu Eastern Shenghong Co., Ltd. for issuing shares to acquire assets from Shenghong Petrochemical Group Co., Ltd., and others, and raising supporting funds” (CSRC License No.〔2021〕4179), in January 2022 the Company issued shares to acquire assets through a non-public issuance of 1,111,528,326 shares of RMB ordinary shares. After the listing of the newly added shares, the conversion price of “盛虹 convertible bond” was adjusted from RMB 14.10 per share to RMB 13.53 per share, and the effective date of the conversion price adjustment was January 27, 2022.

Pursuant to the Company’s 2021 annual general meeting resolution, the Company implemented the 2021 dividend and distribution plan in May 2022. After the implementation of this equity distribution, the conversion price of “盛虹 convertible bond” was adjusted from RMB 13.53 per share to RMB 13.38 per share, and the effective date of the conversion price adjustment was May 27, 2022.

Pursuant to the CSRC’s “Approval of Jiangsu Eastern Shenghong Co., Ltd. for issuing shares to acquire assets from Shenghong Petrochemical Group Co., Ltd., and others, and raising supporting funds” (CSRC License No.〔2021〕4179), in July 2022 the Company raised supporting funds through a non-public issuance of shares of 266,714,109 shares of RMB ordinary shares. After the listing of the newly added shares, the conversion price of “盛虹 convertible bond” was adjusted from RMB 13.38 per share to RMB 13.46 per share, and the effective date of the conversion price adjustment was July 20, 2022.

Pursuant to the CSRC’s “Approval of Jiangsu Eastern Shenghong Co., Ltd. for its initial public offering of global depositary receipts and their listing on the SIX Swiss Exchange” (CSRC License No.〔2022〕3151), in December 2022 the Company issued 39,794,000 global depositary receipts (Global Depositary Receipts, hereinafter referred to as the “GDR”). Each GDR represents 10 shares of the Company’s A-shares. The total amount of underlying securities represented by the newly issued GDRs is 397,940,000 A-share shares. After the listing of the newly added shares, the conversion price of “盛虹 convertible bond” was adjusted from RMB 13.46 per share to RMB 13.41 per share, and the effective date of the conversion price adjustment was December 28, 2022.

Pursuant to the Company’s 2022 annual general meeting resolution, the Company implemented the 2022 dividend and distribution plan in May 2023. After the implementation of this equity distribution, the conversion price of “盛虹 convertible bond” was adjusted from RMB 13.41 per share to RMB 13.31 per share, and the effective date of the conversion price adjustment was May 22, 2023.

Pursuant to the Company’s 2023 annual general meeting resolution, the Company implemented the 2023 dividend and distribution plan in June 2024. After the implementation of this equity distribution, the conversion price of “盛虹 convertible bond” was adjusted from RMB 13.31 per share to RMB 13.21 per share, and the effective date of the conversion price adjustment was June 7, 2024.

III. Conversion of “盛虹 convertible bond” and changes in the Company’s shares

In the first quarter of 2026, “盛虹 convertible bond” decreased by 55 bonds due to conversion, and the number converted was 414 shares. As of March 31, 2026, there were 49,974,529 bonds of “盛虹 convertible bond” remaining, and the remaining principal amount of convertible bonds was RMB 4,997,452,900.00. The Company’s share changes in the first quarter of 2026 are as follows:

Unit: shares

■

As of the date of disclosure of this announcement, the shareholding proportions of the Company’s controlling shareholder and its parties acting in concert have not reached or crossed 5% and/or 5% multiples due to any increase in the Company’s share capital, nor have they reached 1% multiples.

IV. Other matters

For investors who need to learn about other relevant information regarding “盛虹 convertible bond,” please refer to the Company’s disclosure on March 18, 2021 on the Juchao Information Network (

V. Documents for reference

1. The “Statement of the issuer’s share capital structure (statistical breakdown by share type)” issued by the Shenzhen Branch of China Securities Depository and Clearing Co., Ltd.

This is hereby announced.

Jiangsu Eastern Shenghong Co., Ltd.

Board of Directors

April 1, 2026

Endless information and precise interpretation—available on the Sina Finance app