Jifeng auto parts convertible bonds fully converted, delisting from Shanghai stock exchange imminent

Ningbo Jifeng Auto Parts Co. announced the successful conversion of all its "Jifeng ding 01" convertible bonds, totaling CNY 400,000,000, into unlimited tradable shares. As of November 4, 2025, a cumulative total of 55,478,445 shares have been converted, representing 5.43% of the company's total outstanding shares at the start of the "Jifeng ding 01" conversion period. All converted shares are newly issued.

The convertible bonds, initially issued for a term of six years from November 18, 2019, to November 17, 2025, commenced their conversion period on February 5, 2021. The initial conversion price of CNY 7.90 per share was adjusted to CNY 7.21 per share following various equity distributions.

Following this complete conversion, "Jifeng ding 01" will be officially delisted from the Shanghai Stock Exchange on November 18, 2025. This conversion has increased the company's total share capital from 1,268,012,438 shares to 1,272,264,864 shares as of November 4, 2025.