Luoyang Jianlong Micro-Nano New Materials Co., Ltd. Convertible Bond Conversion Results and Shareholding Changes Announcement

MaticHoleFiller · 2026-04-08T01:05:55+00:00

Luoyang Jianlong Micro-Nano New Materials announced that by March 31, 2026, the total converted share amount is 112,000 yuan, with 1,544 shares converted, accounting for 0.00186%. The remaining unconverted balance is 699,888,000 yuan, accounting for 99.984%. There have been no conversions since January 2026. The conversion period is from September 14, 2023, to March 7, 2029.

MaticHoleFiller

2026-04-08 01:05:55

Abstract generation in progress

Stock Code: 688357 Stock Abbreviation: Jialong Micro-Nano Announcement No.: 2026-015

Bond Code: 118032 Convertible Bond Abbreviation: Jialong Convertible Bond

Luoyang Jialong Micro-Nano New Materials Co., Ltd.

Announcement on the Results of Conversion of Convertible Bonds into Shares and Changes in Share Capital

The board of directors of the Company and all its directors warrant that there are no false records, misleading statements, or material omissions in the contents of this announcement, and they assume legal responsibility for the authenticity, accuracy, and completeness of the contents of this announcement in accordance with law.

Key Information Highlights:

● Cumulative conversion: Luoyang Jialong Micro-Nano New Materials Co., Ltd. (hereinafter referred to as the “Company”) issued the convertible corporate bonds “Jialong Convertible Bond” to non-specific targets. The “Jialong Convertible Bond” has been converted into shares since September 14, 2023. As of March 31, 2026, a total of RMB 112,000 has been converted into the Company’s shares, and the number of shares converted is 1,544 shares, representing 0.00186% of the total number of shares of the Company issued before the conversion of the “Jialong Convertible Bond.”

● Outstanding convertible bonds not yet converted: As of March 31, 2026, the principal amount of the convertible bonds of the “Jialong Convertible Bond” that have not yet been converted is RMB 699,888,000, representing 99.9840% of the total issuance of the “Jialong Convertible Bond.”

● Conversion during this quarter: From January 1, 2026 to March 31, 2026, no conversion occurred for the “Jialong Convertible Bond.”

I. Overview of the Issuance and Listing of Convertible Bonds

Approved for registration by the China Securities Regulatory Commission (CSRC) with document No. [2023] 267, the Company issued 7,000,000 convertible corporate bonds to non-specific targets on March 8, 2023, with a par value of RMB 100 per bond and a total issuance amount of RMB 700 million. The term of the convertible corporate bonds issued in this offering is six years from the date of issuance, i.e., from March 8, 2023 to March 7, 2029. The coupon rates are 0.3% in the first year, 0.5% in the second year, 1.0% in the third year, 1.5% in the fourth year, 2.0% in the fifth year, and 3.0% in the sixth year.

Approved by the Shanghai Stock Exchange (SSE) through its self-regulatory decision letter with document No. [2023] 57, the Company’s convertible bonds with a total issuance amount of RMB 700 million were listed for trading on the SSE starting April 7, 2023. The bond abbreviation is “Jialong Convertible Bond,” and the bond code is “118032.”

In accordance with relevant regulations and the provisions of the “Offering Memorandum,” the conversion period of the convertible corporate bonds issued in this offering is from September 14, 2023 to March 7, 2029. The initial conversion price is RMB 123.00 per share, and the current conversion price is RMB 71.71 per share.

Due to the Company’s implementation of the 2022 annual equity distribution plan, starting from June 8, 2023, the conversion price of the “Jialong Convertible Bond” was adjusted to RMB 87.14 per share. For details of this conversion price adjustment, please refer to the Company’s announcement published on the SSE website (www.sse.com.cn) on June 2, 2023, titled “Announcement on the Adjustment of the Conversion Price of ‘Jialong Convertible Bond’ Following the Implementation of the 2022 Annual Equity Distribution Plan” (Announcement No.: 2023-055).
Due to the completion of the registration of entitlements under the third vesting period for the initial grant and the second vesting period for the reserved grant under the Company’s 2020 restricted stock incentive plan, starting from February 1, 2024, the conversion price of the “Jialong Convertible Bond” was adjusted to RMB 87.01 per share. For details of this conversion price adjustment, please refer to the announcement published on the SSE website (www.sse.com.cn) on January 31, 2024, titled “Announcement on the Adjustment of the Conversion Price of ‘Jialong Convertible Bond’ and the Resumption of Trading While Conversion Is Suspended” (Announcement No.: 2024-006).
Due to the Company’s implementation of the 2023 annual equity distribution plan, starting from May 24, 2024, the conversion price of the “Jialong Convertible Bond” was adjusted to RMB 72.01 per share. For details of this conversion price adjustment, please refer to the announcement published on the SSE website (www.sse.com.cn) on May 20, 2024, titled “Announcement on the Adjustment of the Conversion Price of ‘Jialong Convertible Bond’ Following the Implementation of the 2023 Annual Equity Distribution Plan” (Announcement No.: 2024-032).
Due to the Company’s implementation of the equity distribution for the first three quarters of 2024, starting from December 20, 2024, the conversion price of the “Jialong Convertible Bond” was adjusted from RMB 72.01 per share to RMB 71.91 per share. For details, please refer to the announcement published by the Company on December 13, 2024 on the SSE website, titled “Announcement on the Adjustment of the Conversion Price of ‘Jialong Convertible Bond’ Following the Implementation of the Equity Distribution for the First Three Quarters of 2024” (Announcement No.: 2024-062).
Due to the Company’s implementation of the 2024 annual equity distribution plan, starting from June 26, 2025, the conversion price of the “Jialong Convertible Bond” was adjusted from RMB 71.91 per share to RMB 71.71 per share. For details, please refer to the announcement published by the Company on June 19, 2025 on the SSE website, titled “Announcement on the Adjustment of the Conversion Price of ‘Jialong Convertible Bond’ Following the Implementation of the 2024 Annual Equity Distribution Plan” (Announcement No.: 2025-037).

II. Conversion of the Convertible Bonds This Time

(I) The conversion period of the “Jialong Convertible Bond” is from September 14, 2023 to March 7, 2029. From January 1, 2026 to March 31, 2026, no conversion occurred for the “Jialong Convertible Bond.”

As of March 31, 2026, a total of RMB 112,000 of the “Jialong Convertible Bond” has been converted into the Company’s shares, and the cumulative number of shares converted is 1,544 shares, representing 0.00186% of the total number of shares of the Company issued before the conversion of the “Jialong Convertible Bond.”

(II) As of March 31, 2026, the amount of convertible bonds of the “Jialong Convertible Bond” that have not yet been converted is RMB 699,888,000, representing 99.9840% of the total issuance of the “Jialong Convertible Bond.”

III. Changes in Share Capital

Unit: shares

■

IV. Other

Investors who wish to learn more about the detailed information of the Jialong Convertible Bond should consult the “Offering Memorandum for the Issuance of Convertible Corporate Bonds by Luoyang Jialong Micro-Nano New Materials Co., Ltd. to Non-Specific Targets” disclosed by the Company on March 6, 2023 on the Shanghai Stock Exchange website (www.sse.com.cn).

Contact department: Office of the Board of Directors

Contact phone: 0379-67758531

Contact email: ir@jalon.cn

This announcement is hereby made.

Luoyang Jialong Micro-Nano New Materials Co., Ltd. Board of Directors

April 2, 2026

A wealth of information and precise interpretation—available on 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.