Fullhan Microelectronics reminds convertible bondholders of put option decision

Shanghai Fullhan Microelectronics Co., Ltd. has announced a put option for its "Fuhan Convertible Bonds" at 100.241 yuan per bond, including interest and tax. The put option condition was met on September 16, 2025, after the company's stock price traded below 70% of the current conversion price for 30 consecutive trading days. The current conversion price is 91.69 yuan per share, with 70% being 64.18 yuan per share.

The put option declaration period is from September 19, 2025, to September 25, 2025. During this time, "Fuhan Convertible Bonds" will suspend conversion into shares but will continue to trade. Investors choosing to exercise the put option will have their funds credited by October 10, 2025.

The company warns investors that the current market price of "Fuhan Convertible Bonds" is higher than the put option price, meaning exercising the put option could result in a loss. This put option is not mandatory, allowing bondholders to decide whether to sell their bonds back to the company.