Jiangsu Cnano Technology adjusts Tiannai convertible bond price

Jiangsu Cnano Technology Co., Ltd. has announced an adjustment to the conversion price of its "Tiannai Convertible Bonds," effective October 16, 2025. This change follows the completion of the third vesting period of the 2022 Restricted Stock Incentive Plan on October 10, 2025. As a result, 100,240 restricted shares were vested at a price of 23.09 yuan per share, increasing the company's total share capital from 366,415,836 shares to 366,516,076 shares.

The conversion price of "Tiannai Convertible Bonds" will be adjusted from 99.11 yuan per share to 99.09 yuan per share. This adjustment adheres to the terms outlined in the prospectus for the convertible bonds, which stipulate price changes in response to events such as new share issuance or changes in share capital.

Trading in "Tiannai Convertible Bonds" will be suspended for conversion on October 15, 2025, and will resume for conversion on October 16, 2025, with the new adjusted conversion price taking effect. The company's board of directors approved this adjustment on October 14, 2025.