Shenzhen Kingsino Technology Co.Ltd(002548) : Announcement on the conversion of convertible corporate bonds in the first quarter of 2022

Securities code: Shenzhen Kingsino Technology Co.Ltd(002548) securities abbreviation: Shenzhen Kingsino Technology Co.Ltd(002548) Announcement No.: 2022036 bond Code: 128036 bond abbreviation: Jinnong convertible bond

Shenzhen Kingsino Technology Co.Ltd(002548)

Announcement on conversion of convertible corporate bonds in the first quarter of 2022

The company and all members of the board of directors guarantee that the contents of the announcement are true, accurate and complete, and are liable for false records, misleading statements or major omissions in the announcement.

Special tips:

The conversion period of Jinnong convertible bonds (bond Code: 128036) is from September 17, 2018 to March 9, 2024; The conversion price is 6.93 yuan / share.

In accordance with the relevant provisions of the Listing Rules of Shenzhen Stock Exchange and the detailed rules for the implementation of convertible corporate bond business of Shenzhen Stock Exchange, Shenzhen Kingsino Technology Co.Ltd(002548) (hereinafter referred to as “the company”) hereby announces the conversion of convertible corporate bonds (hereinafter referred to as “Jinnong convertible bonds”) and the changes in the company’s shares in the first quarter of 2022 as follows:

1、 Basic information of convertible bond issuance and listing

With the approval of “zjxk (2017) No. 2318” document of China Securities Regulatory Commission, the company publicly issued 6.5 million convertible corporate bonds on March 9, 2018, with a face value of 100 yuan each and a total issuance amount of 650 million yuan.

With the consent of “SZS [2018] No. 128” document of Shenzhen Stock Exchange, the company’s 650 million yuan convertible corporate bonds have been listed and traded on Shenzhen Stock Exchange since April 2, 2018. The bonds are referred to as “Jinnong convertible bonds” and the bond code is “128036”.

According to relevant regulations and the prospectus for public offering of convertible corporate bonds in Shenzhen Kingsino Technology Co.Ltd(002548) 2017, the convertible bonds issued by the company can be converted into shares of the company from September 17, 2018, and the initial conversion price is 9.72 yuan / share.

The company implemented the 2017 annual equity distribution plan on May 28, 2018, and the share conversion price was adjusted from 9.72 yuan / share to 9.62 yuan / share. The adjusted share conversion price will take effect from May 28, 2018.

The company implemented the 2019 equity distribution plan on June 15, 2020, and the share conversion price increased from 9.62 yuan

/The adjusted share price is 7.39 yuan / share, and the adjusted share conversion price will take effect from June 15, 2020.

The company invested in Jinnong partnership (limited partnership) in Guangzhou Bay Area in December 2020

(now renamed “Guangzhou Jinnong industrial investment partnership (limited partnership)”) non-public offering of RMB

128499507 ordinary shares (A shares), and the relevant shares have been registered with China Securities Depository and Clearing Co., Ltd

Shenzhen Branch of the company has completed the registration procedures for newly issued shares, and the newly added shares will be registered in Shenzhen on December 30, 2020

Listed on Shenzhen Stock Exchange, the issue price is 5.08 yuan / share. Due to the company’s non-public offering of shares, the company

The conversion price of Si Jinnong’s convertible bonds was adjusted from the original 7.39 yuan / share to 6.96 yuan / share. Adjusted share price

Georgia will take effect from December 30, 2020.

The company implemented the 2020 equity distribution plan on June 25, 2021, and the share conversion price increased from 6.96 yuan

/The adjusted share price is 6.93 yuan / share, and the adjusted share conversion price will take effect from June 25, 2021.

2、 Jinnong convertible bonds into shares and changes in shares

As of March 31, 2022, 1456723 Jinnong convertible bonds were still listed for trading. The first year of 2022

In the quarter, Jinnong convertible bonds decreased by 217600 Yuan due to share conversion, and the number of shares converted was 31391, with the remaining convertible bonds remaining

The amount is 145672300 yuan. The share changes of the company in the first quarter of 2022 are as follows:

Before this change, this change increases or decreases (+,) after this change

Number (share) proportion other subtotal number (share) proportion (%) of issuing and sending provident fund share conversion (%)

1、 Restricted conditions

Tradable shares / non tradable shares 15282270722.12 0 -3774472 -377447214904823521.58

Executive lock up shares 137846682.00 -3514500 -3514500102701681.49

After the IPO, the sale of 12849950718.60 shares was restricted

Equity incentive is limited to 105385321.53 0 – 259972 – 259972102785601.49 share sales

2、 Unlimited sales note 53790842677.88 0 03805863380586354171428978.42 tradable shares

3、 Total number of shares 690731133100.00 0 0 03139131391690762524100.00

Note: 1. According to the self regulatory guidelines for listed companies of Shenzhen Stock Exchange No. 10 – share change management,

On the first trading day of each year, the directors, supervisors and senior managers of the listed company shall be registered on the last trading day of the previous year

Taking the shares of the company listed on the stock exchange under its name as the base, the legal limit of transferable shares in the current year shall be calculated at 25%;

At the same time, CSDCC Shenzhen Branch has no restrictions on the unlimited sale conditions of the transferable shares held by this person in this year

Through the unlocking of shares, leading to changes in the locking shares of senior executives.

2. The company’s 2020 restricted stock incentive plan reserves the first period for the release of restrictions. 259972 restricted shares released from restrictions were listed and circulated on January 21, 2022.

3、 Others

If investors need to know other relevant contents of Jinnong convertible bonds, please refer to the contents published on cninfo.com.cn on March 7, 2018 Full text of Shenzhen Kingsino Technology Co.Ltd(002548) 2017 prospectus for public issuance of convertible corporate bonds.

Contact Department: Office of the board of directors of the company

Tel: 075527166108

4、 Documents for future reference

1. As of March 31, 2022, the ” Shenzhen Kingsino Technology Co.Ltd(002548) ” share capital structure issued by Shenzhen Branch of China Securities Depository and Clearing Corporation Limited.

2. As of March 31, 2022, the share capital structure of “Jinnong convertible bonds” issued by Shenzhen Branch of China Securities Depository and Clearing Co., Ltd.

3. As of December 31, 2021, ” Shenzhen Kingsino Technology Co.Ltd(002548) ” equity structure statement issued by Shenzhen Branch of China Securities Depository and Clearing Corporation Limited.

4. As of December 31, 2021, the share capital structure of “Jinnong convertible bonds” issued by Shenzhen Branch of China Securities Depository and Clearing Co., Ltd.

It is hereby announced.

Shenzhen Kingsino Technology Co.Ltd(002548) board of directors April 2, 2022

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