Hainan Drinda Automotive Trim Co.Ltd(002865) : Announcement on “Junda convertible bonds” with a circulating face value of less than 30 million yuan and stopping trading in advance

Securities code: 002865 securities abbreviation: Hainan Drinda Automotive Trim Co.Ltd(002865) Announcement No.: 2022-022 bond Code: 128050 bond abbreviation: Junda convertible bond

Hainan Drinda Automotive Trim Co.Ltd(002865)

With regard to the announcement that the circulating face value of “Junda convertible bonds” is less than 30 million yuan and the transaction is stopped in advance, the company and all members of the board of directors guarantee that the information disclosure is true, accurate and complete, and there are no false records, misleading statements or major omissions.

Special tips:

1. Registration date of redemption of “Junda convertible bonds”: January 27, 2022

2. Redemption date of “Junda convertible bonds”: January 28, 2022

3. Redemption price of “Junda convertible bonds”: 100.21 yuan / piece (including the current accrued interest, the current annual interest rate is 1.6%, and the current interest includes tax)

4. Fund arrival date of the issuer (company): February 9, 2022

5. Arrival date of redemption money of investors: February 11, 2022

6. “Junda convertible bonds” will stop trading on January 27, 2022. According to the relevant provisions of the detailed rules for the implementation of convertible corporate bond business of Shenzhen Stock Exchange, if the circulating face value of “Junda convertible bonds” is less than 30 million yuan, the trading will be stopped three trading days after the company issued the relevant announcement, that is, January 27, 2022.

7. Date on which “Junda convertible bonds” stop converting shares: January 28, 2022

8. According to the arrangement, the “Junda convertible bonds” that have not been converted into shares after the closing of the market on January 27, 2022 will be forcibly redeemed. After this redemption, the “Junda convertible bonds” will be delisted in Shenzhen Stock Exchange. If the “Junda convertible bonds” held by the holder are pledged or frozen, it is recommended to lift the pledge and freeze before the date of stopping trading and share conversion, so as to avoid being redeemed due to failure to convert shares.

9. Risk tip: after the market closes on January 21, 2022, the closing price of “Junda convertible bonds” is 392.000 yuan / piece. According to the redemption arrangement, the “Junda convertible bonds” that have not been converted into shares after the closing of the market on January 27, 2022 will be forcibly redeemed at the price of 100.21 yuan / piece (including tax). Due to the large difference between the current secondary market price and the redemption price, investors may face losses if they fail to convert shares in time. Please pay attention to the investment risk.

As of the closing of the market on January 21, 2022, there are only four trading days from January 27, 2022 (the registration date of convertible bond redemption). The holders of “Junda convertible bonds” are reminded to convert shares within the time limit.

1、 Basic information of “Junda convertible bonds”

With the approval of the reply on approving Hainan Drinda Automotive Trim Co.Ltd(002865) public issuance of convertible corporate bonds (zjxk [2018] No. 1733) of China Securities Regulatory Commission, the company publicly issued 3.2 million convertible corporate bonds (hereinafter referred to as “convertible bonds”) on December 10, 2018, with a face value of 100 yuan each, a total issuance amount of 320 million yuan and a term of 6 years.

With the consent of “SZS [2018] No. 641” document of Shenzhen Stock Exchange, the company is a convertible company of 320 million yuan

The bonds have been listed and traded on Shenzhen Stock Exchange since December 27, 2018. The bonds are referred to as “Junda convertible bonds” for short, and the bond code is

“128050”。

According to relevant regulations and the company’s prospectus for public offering of convertible corporate bonds, the “Junda convertible bonds” issued by the company can be converted into shares of the company from June 14, 2019, and the conversion period is from June 14, 2019 to December 10, 2024. The initial conversion price of “Junda convertible bonds” is RMB 21.74/share; Due to the implementation of the company’s equity distribution plan in 2018, according to the relevant provisions on the price adjustment of convertible bonds into shares, the company adjusted the share conversion price of “Junda convertible bonds”, and the share conversion price of “Junda convertible bonds” was adjusted to 21.59 yuan / share from July 22, 2019; Due to the cancellation of restricted stock repurchase, the company adjusted the conversion price of “Junda convertible bonds” accordingly according to the relevant provisions on the price adjustment of convertible bonds, and the conversion price of “Junda convertible bonds” was adjusted to 21.66 yuan / share from August 27, 2019; The closing price of the company’s shares has been lower than 85% (21.66 yuan / share) of the current conversion price of “Junda convertible bonds” for at least 15 consecutive trading days × 85% = 18.411 yuan / share), according to the relevant provisions on the price adjustment of convertible bonds, the company adjusted the price of “Junda convertible bonds” accordingly, and the price of “Junda convertible bonds” was adjusted to 14.93 yuan / share from March 16, 2020; Due to the implementation of the company’s equity distribution plan in 2019, according to the relevant provisions on the price adjustment of convertible bonds into shares, the company adjusted the share conversion price of “Junda convertible bonds”, and the share conversion price of “Junda convertible bonds” was adjusted to 14.83 yuan / share from June 17, 2020; Due to the cancellation of restricted stock repurchase, according to the relevant provisions on the price adjustment of convertible bonds, the company adjusted the conversion price of “Junda convertible bonds”, and the conversion price of “Junda convertible bonds” was adjusted to 14.85 yuan / share from October 15, 2020; Due to the implementation of the company’s equity distribution plan in 2020, according to the relevant provisions on the price adjustment of convertible bonds to shares, the company adjusted the price of “Junda convertible bonds” to 14.80 yuan / share from May 26, 2021; Due to the cancellation of restricted stock repurchase, the company adjusted the conversion price of “Junda convertible bonds” accordingly according to the relevant provisions on the price adjustment of convertible bonds. Since November 26, 2021, the conversion price of “Junda convertible bonds” has been adjusted to 14.81 yuan / share. To sum up, up to now, the conversion price of the company’s “Junda convertible bonds” is 14.81 yuan / share.

2、 Description on the suspension of trading of “Junda convertible bonds”

The company’s A-Shares have been traded for 15 consecutive 30 trading days from November 23, 2021 to January 4, 2022

The closing price of the last trading day is not lower than 130% (i.e. 19.25 yuan / share) of the current conversion price of “Junda convertible bonds”, which has triggered the conditional redemption terms agreed in the prospectus for public issuance of convertible corporate bonds of the company. At the 9th meeting of the 4th board of directors held on January 4, 2022, the company deliberated and approved the proposal on early redemption of “Junda convertible bonds”, and agreed to exercise the conditional redemption right of “Junda convertible bonds”, All non convertible “Junda convertible bonds” registered in Shenzhen Branch of China Securities Depository and Clearing Co., Ltd. after the closing of the redemption registration date will be redeemed at the price of bond face value plus accrued interest of the current period. According to the redemption schedule of convertible bonds, “Junda convertible bonds” will stop trading on January 28, 2022.

By the end of the market on January 20, 2022, the balance of “Junda convertible bonds” was 28.6863 million yuan, and the circulating face value had been less than 30 million yuan. According to the relevant provisions of the detailed rules for the implementation of convertible corporate bond business of Shenzhen Stock Exchange and the guidelines for self discipline supervision of listed companies of Shenzhen Stock Exchange No. 1 – business handling: 2.4 issuing convertible corporate bonds to unspecified objects, the trading of “Junda convertible bonds” will be stopped three trading days after the publication of this announcement, That is, the trading date is January 27, 2022.

According to the relevant provisions of the guidelines for self discipline supervision of listed companies of Shenzhen Stock Exchange No. 1 – business handling: 2.4 issuance of convertible corporate bonds to unspecified objects, if the redemption conditions of convertible bonds have been triggered and the face value is less than 30 million yuan, the trading stop date shall be determined according to the earlier principle, so the trading stop date of “Junda convertible bonds” is set as January 27, 2022.

3、 Other instructions

“Junda convertible bonds” will stop trading on January 27, 2022, and will still be available on January 27, 2022 after stopping trading

Conversion. On January 28, 2022, the company will redeem the remaining “Junda transfer” shares at the price of 100.21 yuan / piece

Debt “.

As of January 21, 2022, after the market closes, it is only 4 months away from January 27, 2022 (the registration date of convertible bond redemption)

The holders of “Junda convertible bonds” are reminded to convert shares within the time limit.

If the holder of “Junda convertible bonds” handles the conversion of shares, he must report the conversion of shares through the securities company hosting the bonds. It is recommended that the holders of convertible bonds consult the securities company that opened the account before reporting. The shares applied for conversion by the holder of “Junda convertible bonds” must be integer shares. If the convertible bond balance is not enough to be converted into one share at the time of share conversion, the company will cash the convertible bond balance and the current accrued interest corresponding to the balance within five trading days after the date of share conversion of the convertible bond holder in accordance with the relevant provisions of Shenzhen Stock Exchange.

After the conditional redemption, Junda convertible bonds will be delisted from the Shenzhen Stock Exchange. February 9, 2022 is the issuer

(the company) the arrival date of redemption funds: February 11, 2022 is the date when the redemption funds reach the capital account of “Junda convertible bonds” holders. At that time, the redemption funds of “Junda convertible bonds” will be directly transferred to the capital account of “Junda convertible bonds” holders through convertible Bond Custody brokers. The company will publish the announcement of redemption results and the announcement of delisting of convertible bonds on the information disclosure media designated by the CSRC within 7 trading days after the redemption.

4、 Consultation and contact information

Consulting department: Securities Affairs Department of the company

Contact: Zheng Tong, Jiang Caifang

Tel: 0898-66802555

Email: [email protected].

It is hereby announced.

Hainan Drinda Automotive Trim Co.Ltd(002865)

Board of directors

January 22, 2022

- Advertisment -