Securities code: Xinyangfeng Agricultural Technology Co.Ltd(000902) securities abbreviation: Xinyangfeng Agricultural Technology Co.Ltd(000902) No.: 2022016 bond Code: 127031 bond abbreviation: Yangfeng convertible bond
Xinyangfeng Agricultural Technology Co.Ltd(000902)
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 information disclosed is true, accurate and complete without false records, misleading statements or major omissions.
Special tips:
1. Stock Code: Xinyangfeng Agricultural Technology Co.Ltd(000902) stock abbreviation: Xinyangfeng Agricultural Technology Co.Ltd(000902)
2. Bond Code: 127031 bond abbreviation: Yangfeng convertible bond
3. Conversion price: RMB 17.76/share
4. Time of share conversion: October 8, 2021 to March 24, 2027
In accordance with the stock listing rules of Shenzhen Stock Exchange, the detailed rules for the implementation of convertible corporate bond business of Shenzhen Stock Exchange and other relevant provisions, Xinyangfeng Agricultural Technology Co.Ltd(000902) (hereinafter referred to as "the company") hereby announces the conversion of convertible corporate bonds (hereinafter referred to as "convertible bonds") and the changes in the company's shares in the first quarter of 2022 as follows: I. overview of the issuance and listing of convertible bonds
With the approval of the CSRC's "zjxk [2021] No. 20 document", Xinyangfeng Agricultural Technology Co.Ltd(000902) (hereinafter referred to as "the company") publicly issued 10000000 convertible corporate bonds on March 25, 2021, with a face value of 100 yuan each and a total issuance amount of 1 billion yuan.
With the consent of "SZS [2021] No. 414" document of Shenzhen Stock Exchange (hereinafter referred to as "SZSE"), the 1 billion yuan convertible corporate bonds issued by the company will be listed and traded on Shenzhen Stock Exchange from April 23, 2021. The bonds are referred to as "Yangfeng convertible bonds" and the bond code is "127031".
In accordance with the relevant provisions of the Listing Rules of Shenzhen Stock Exchange and the prospectus for Xinyangfeng Agricultural Technology Co.Ltd(000902) public offering of convertible corporate bonds (hereinafter referred to as the "prospectus"), the convertible bonds issued this time can be converted into shares of the company from October 8, 2021. The initial conversion price of "Yangfeng convertible bonds" is 20.13 yuan / share.
On April 27, 2021, the company held the 2020 annual general meeting of shareholders and approved the company's 2020 profit distribution plan. The annual equity distribution plan of the company in 2020 is: Based on the existing total share capital of 1304529290 shares and 1254729596 shares after excluding the repurchased shares (49799694 shares), the company will distribute 2.00 yuan in cash (including tax) to all shareholders for every 10 shares. The 2020 profit distribution plan of the company has been implemented on May 11, 2021. According to the prospectus and the relevant provisions of the CSRC on the issuance of convertible corporate bonds, the conversion price of "Yangfeng convertible bonds" has been adjusted from the original 20.13 yuan / share to 19.94 yuan / share.
According to the relevant provisions of the Listing Rules of Shenzhen Stock Exchange and the prospectus for Xinyangfeng Agricultural Technology Co.Ltd(000902) public offering of convertible corporate bonds (hereinafter referred to as the "prospectus"), during the duration of the convertible bonds issued this time, when the closing price of the company's shares on at least 15 of the 30 consecutive trading days is lower than 85% of the current conversion price, The board of directors of the company has the right to propose a downward correction plan for the conversion price and submit it to the general meeting of shareholders of the company for deliberation and voting. In order to fully protect the interests of bondholders, optimize the company's capital structure and support the company's long-term development, the company held the 10th meeting of the 8th board of directors and the 4th extraordinary general meeting of shareholders in 2021 on December 3, 2021 and December 20, 2021 respectively, deliberated and adopted the proposal on downward revision of the conversion price of "Yangfeng convertible bonds", which adjusted the conversion price of "Yangfeng convertible bonds" from 19.94 yuan / share to 17.76 yuan / share, The implementation date of share conversion price adjustment is December 21, 2021.
2、 Share conversion of "Yangfeng convertible bonds" and changes in shares of the company
In the first quarter of 2022, "Yangfeng convertible bonds" decreased by 164 shares, the amount of convertible bonds decreased by 16400 yuan, and the number of convertible bonds was 921 shares. As of March 31, 2022, 9999415 "Yangfeng convertible bonds" remain, and the amount of the remaining convertible bonds is 999941500 yuan.
The share changes of the company in the fourth quarter of 2021 are as follows:
Before and after this change
Nature of shares
Proportion of quantity (shares) (%) minus (+), proportion of quantity (shares) (%)
1、 Restricted tradable shares/
1213190319.30 non tradable shares
Executive lock up shares 632560334.85632560334.85
Restricted shares after IPO 580629984.45580629984.45
2、 Tradable shares without sale conditions 118321025990.70118321025990.70
3、 Total share capital 1304529290100.00
Note: the source of convertible bonds into shares of the company gives priority to the company's repurchased shares, and the insufficient part is converted into shares by new shares. Up to now, all the shares of "Yangfeng convertible bonds" have been repurchased by the company, and the total number of shares of the company has not been increased. The resignation of some senior executives and the share lock-in of new senior executives led to the increase of senior executives' lock-in shares, resulting in the decrease of 3098839 tradable shares without sales conditions.
3、 Others
If investors need to know other relevant contents of "Yangfeng convertible bonds", please refer to the full text of the prospectus for Xinyangfeng Agricultural Technology Co.Ltd(000902) public issuance of convertible corporate bonds disclosed by the company on cninfo.com on March 18, 2021.
If investors have any questions about the above contents, please call the investor consultation telephone of the Securities Department of the company (0724) 8706677 for consultation.
4、 Documents for future reference
(I) share capital structure statement issued by Shenzhen Branch of China Securities Depository and Clearing Corporation Limited.
It is hereby announced.
Xinyangfeng Agricultural Technology Co.Ltd(000902) board of directors
April 1, 2022
