Huahai Pharmaceutical issues fourth reminder on convertible bond put option

Zhejiang Huahai Pharmaceutical Co. announced a fourth reminder for the optional put option of its "Huahai convertible bonds." The put option period is from December 22, 2025, to December 26, 2025. During this time, bondholders can sell their bonds at a price of yuan 100.30 per bond, including accrued interest and tax. Payment for repurchased bonds will be disbursed on December 31, 2025.

The put option was triggered because the company's stock price closed below 70% of the current conversion price for 30 consecutive trading days between November 2, 2025, and December 12, 2025. Bondholders have the right to choose whether to exercise this put option, as it is not mandatory.

During the put option period, "Huahai convertible bonds" will continue to trade but will temporarily suspend conversion into shares. The company advises bondholders that if the closing price of the "Huahai convertible bonds" exceeds the put option price before the announcement, exercising the put option may result in a loss.