Garden Bio-Chemical issues second reminder for convertible bond put option

Zhejiang Garden Bio-Chemical High-tech has issued a second reminder for the put option on its "Huayuan Convertible Bonds" (Securities Code: 123178), with the put option price set at 100.512 yuan per bond, inclusive of interest and tax. The declaration period is scheduled from September 9, 2025, to September 15, 2025. Investors are cautioned that exercising the put option may result in losses, given the bond's closing price of 130.405 yuan per bond as of the last trading day before this announcement.

The put option was triggered by a resolution passed at the company's extraordinary general meeting and the first bondholder meeting on September 2, 2025. This resolution approved an adjustment to the use of some raised funds and the addition of new investment projects. According to the bond prospectus, this change in the use of raised funds activates the put option clause. Individual investors and mutual funds will have a 20% interest income tax withheld, resulting in a net payout of 100.410 yuan per bond, while qualified foreign institutional investors (QFII and RQFII) are exempt from this tax, receiving 100.512 yuan per bond.

The company's funds are expected to arrive by September 18, 2025, with put option proceeds transferred by September 19, 2025, and investors receiving their funds by September 22, 2025. During the put option declaration period, "Huayuan Convertible Bonds" will temporarily suspend conversion into shares but will continue to trade normally.