Securities code: 002812 stock abbreviation: Yunnan Energy New Material Co.Ltd(002812) Announcement No.: 2022-013 bond Code: 128095 bond abbreviation: Enjie convertible bonds
Yunnan Energy New Material Co.Ltd(002812)
Suggestive announcement on not redeeming “Enjie convertible bonds” in advance
The company and all directors guarantee that the contents of this announcement are true, accurate and complete without false records, misleading statements or major omissions.
Yunnan Energy New Material Co.Ltd(002812) (hereinafter referred to as “the company”) held the 41st meeting of the Fourth Board of directors on January 24, 2022, deliberated and adopted the proposal on not redeeming “Enjie convertible bonds” in advance. The board of directors of the company decided not to exercise the early redemption right of “Enjie convertible bonds” and not to redeem “Enjie convertible bonds” in advance. The relevant matters are hereby announced as follows:
1、 Issuance and listing of “Enjie convertible bonds”
Approved by the reply on approving Yunnan Energy New Material Co.Ltd(002812) public issuance of convertible corporate bonds (zjxk [2019] No. 2701) of China Securities Regulatory Commission, the company publicly issued 16 million convertible corporate bonds (hereinafter referred to as “convertible bonds”) on February 11, 2020, with a face value of 100 yuan each, a total issuance amount of 160 million yuan and a term of 6 years.
With the consent of Shenzhen Stock Exchange’s “SZS [2020] No. 109” document, the company’s 160 million yuan convertible bonds have been listed and traded in Shenzhen Stock Exchange since February 28, 2020. The bonds are referred to as “Enjie convertible bonds” for short and the bond code is “128095”.
According to relevant regulations and the company’s prospectus for public offering of convertible corporate bonds, the “Enjie convertible bonds” issued by the company can be converted into shares of the company from August 17, 2020, and the conversion period is from August 17, 2020 to February 11, 2026. The initial conversion price of “Enjie convertible bonds” is RMB 64.61/share; Due to the implementation of the company’s equity distribution plan in 2019, according to the relevant provisions of the price adjustment of convertible bonds into shares, the company adjusted the share conversion price of “Enjie convertible bonds” accordingly, and the share conversion price of “Enjie convertible bonds” was adjusted to 64.49 yuan / share from May 21, 2020; Due to the listing of 6944444444 RMB ordinary shares (A shares) issued by the company in a non-public manner, the company adjusted the conversion price of “Enjie convertible bonds” accordingly according to the relevant provisions on the price adjustment of convertible bonds. Since September 4, 2020, the conversion price of “Enjie convertible bonds” has been adjusted to 65.09 yuan / share. Due to the implementation of the company’s equity distribution plan in 2020, according to the relevant provisions of the price adjustment of convertible bonds into shares, the company adjusted the share conversion price of “Enjie convertible bonds” accordingly. From April 30, 2021, the share conversion price of “Enjie convertible bonds” was adjusted to 64.92 yuan / share.
Securities code: 002812 stock abbreviation: Yunnan Energy New Material Co.Ltd(002812) Announcement No.: 2022-013 bond Code: 128095 bond abbreviation: Enjie convertible bonds
2、 Basis for triggering early redemption conditions of “Enjie convertible bonds”
According to the conditional redemption clause in the prospectus for public issuance of convertible corporate bonds of the company: during the convertible bond conversion period, if any of the following two situations occurs, the company has the right to redeem all or part of the convertible bonds that have not been converted into shares at the price of the face value of the convertible bonds plus the accrued interest of the current period:
1) The closing price of the company’s shares on at least 15 trading days in any 30 consecutive trading days shall not be lower than 130% (including 130%) of the current conversion price;
2) When the balance of convertible bonds not converted into shares is less than 30 million yuan.
If the conversion price has been adjusted within the above 30 trading days, it shall be calculated according to the conversion price and closing price before the adjustment on the trading day before the adjustment day, and according to the adjusted conversion price and closing price on the adjustment day and subsequent trading days.
During the period from January 4, 2022 to January 24, 2022, the closing price of the company’s shares for 15 trading days in 30 consecutive trading days shall not be lower than 130% (i.e. 84.40 yuan / share) of the current conversion price of “Enjie convertible bonds” (64.92 yuan / share).
3、 Deliberation procedures for non early redemption of convertible bonds of the company
At the 41st meeting of the 4th board of directors held on January 24, 2021, the company deliberated and approved the proposal on not redeeming “Enjie convertible bonds” in advance. Considering the current market situation and the actual situation of the company, the company decided not to exercise the right of early redemption of “Enjie convertible bonds” and not to redeem “Enjie convertible bonds” in advance.
Please pay attention to the investment risk and pay attention to the company’s announcement in time.
It is hereby announced.
Yunnan Energy New Material Co.Ltd(002812) board of directors January 24, 2002
