Jifeng Auto Parts convertible bond conversion update

As of September 30, 2025, Ningbo Jifeng Auto Parts Co., Ltd. has seen private placement convertible bonds totaling CNY 369,340,000 convert into company shares. This conversion resulted in 51,226,019 shares, representing 5.02% of the total shares issued before the conversion. No further convertible bonds were converted between July 1, 2025, and September 30, 2025.

The company’s convertible bonds were issued following approval from the China Securities Regulatory Commission, involving 4,000,000 bonds to acquire 100% equity in Ningbo Jiyuan Trading Co., Ltd. and 7,182,000 bonds raising CNY 718,200,000.00. The initial conversion price was CNY 7.90 per share, subsequently adjusted to CNY 7.21 per share due to equity distributions.

As of September 30, 2025, the total value of unconverted private placement convertible bonds stands at CNY 30,660,000, which accounts for 2.74% of the total issued amount. The overall share capital of the company remained stable at 1,268,012,438 shares, with no changes in the holdings of key shareholders like Jihong Group, Wing Sing, Wang Jiemin, and Yu Wanli during this quarter.