Jiangsu Eastern Shenghong's controlling shareholder completes 3 bn yuan exchangeable bond issuance

Jiangsu Shenghong Technology Co., Ltd. ("Shenghong Technology"), the controlling shareholder of Jiangsu Eastern Shenghong Co., Ltd., announced the successful completion of its non-public issuance of exchangeable corporate bonds on December 22, 2025. This issuance has a total actual issuance size of 3 bn yuan.

The bonds carry a three-year term with a coupon rate of 0.10%. The initial share exchange price is set at 12.50 yuan per share. The exchange period for these bonds will commence six months after the issuance completion date, specifically from June 23, 2026, until the trading day preceding the maturity date, December 21, 2028.

Jiangsu Eastern Shenghong stated it will continue to monitor the subsequent developments of Shenghong Technology's exchangeable bonds and fulfill its information disclosure obligations as required. Investors are advised to exercise caution and be aware of potential investment risks.