Hubei Dinglong announces put option for convertible bonds after project changes

Hubei Dinglong announced a put option for its "Dinglong Convertible Bonds," with a price of 100.133 yuan per bond (inclusive of interest and tax). The declaration period for this put option is scheduled from December 1 to December 5, 2025. This decision stems from a change in the use of some raised funds, approved during the company’s first extraordinary general meeting and the first bondholder meeting of 2025 on November 21, 2025.

The change involves reallocating 155 million yuan from the "Optoelectronic Semiconductor Material Upstream Key Raw Material Domestic Production Industrial Base Project" to the "Optoelectronic Semiconductor Material Research and Development and Manufacturing Center Project." China Securities Pengyuan Credit Rating Co., Ltd. maintained Hubei Dinglong’s corporate credit rating at AA and the "Dinglong Convertible Bond" credit rating at AA, with a stable outlook.

Investors should note that the closing price of "Dinglong Convertible Bonds" on the trading day before this announcement was higher than the put option price, indicating that exercising the put option could result in a loss. During the put option declaration period, the convertible bonds will suspend their conversion into shares but will continue normal trading.