Aerospace Hongtu: Announcement on not revising the price of the "Hongtu Convertible Bonds" to equity downwards
DATE:  Nov 21 2024

Securities code: 688066 Securities abbreviation: Aerospace Hongtu Announcement No.: 2024-062

Bond code: 118027 Bond abbreviation: Hongtu convertible bond

Aerospace Hongtu Information Technology Co., Ltd

Announcement on not revising the price of the "Hongtu Convertible Bonds" to equity downwards

The board of directors and all directors of the company guarantee that there are no false records, misleading statements or material omissions in the content of this announcement, and assume legal responsibility for the authenticity, accuracy and completeness of its content in accordance with the law.

Important Content Notes:

As of November 20, 2024, Aerospace Hongtu Information Technology Co., Ltd. (hereinafter referred to as "Aerospace Hongtu Information Technology Co., Ltd.").

The "Company") share price has triggered the downward revision condition of the "Hongtu Convertible Bonds" conversion price.

After the deliberation of the 34th meeting of the third board of directors of the company, the board of directors of the company decided not to go down this time

Revise the "Hongtu Convertible Bonds" conversion price while in the next 1 month (i.e. November 21, 2024 to

December 20, 2024), if the downward revision condition of the "Hongtu Convertible Bond" conversion price is triggered again, it will not be mentioned

out of the downward correction scheme.

1. Issuance and listing of convertible corporate bonds

Approved by the China Securities Regulatory Commission (Zheng Jian Xu Xu [2022] No. 2755), Aerospace Hongtu Information

On November 28, 2022, Technology Co., Ltd. issued 10,088,000 transferable tickets to unspecified objects

The face value of each corporate bond is RMB 100, and the total amount of funds raised is RMB 100,880.00. The actual net amount of funds raised after deducting various issuance expenses (excluding VAT) was 991.3742 million yuan. The term of the convertible bonds is six years from the date of issuance.

With the approval of the Shanghai Stock Exchange, the company's convertible corporate bonds will be listed on December 22, 2022

Listed on the Shanghai Stock Exchange, the bond is referred to as "Hongtu Convertible Bond", and the bond code is "118027".

According to the relevant regulations and the "Aerospace Hongtu Information Technology Co., Ltd. issued convertible to unspecified objects

The company's "Hongtu Convertible Bonds" issued this time will be effective from June 2, 2023

From the date, it can be converted into shares of the company, and the initial conversion price is 88.91 yuan per share.

Due to the completion of the vesting registration of the third vesting period of the restricted stock incentive plan in 2019, the company's share capital has been increased

184,881,281 shares were changed to 185,636,281 shares, and the conversion price will be changed from 88.91 yuan from January 13, 2023/

The share was adjusted to 88.62 yuan per share. For details, please refer to the company's disclosure on the Shanghai Stock Exchange website on January 13, 2023

"Announcement of Aerospace Hongtu Information Technology Co., Ltd. on the Adjustment of the Conversion Price of Convertible Corporate Bonds "Hongtu Convertible Bonds" (2023-001) on the station (www.sse.com.cn). Due to the completion of the vesting registration of the first vesting period of the reserved grant part of the restricted stock incentive plan in 2020 and the adjustment of the conversion price of the "Hongtu Convertible Bonds" in the 2022 annual equity distribution plan, the completion of the equity incentive vesting registration has increased the company's share capital from 185,636,281 shares

changed to 185,676,281 shares; The 2022 annual equity distribution plan was implemented, and the company's share capital increased from 185,676,281

The share was changed to 259,946,793 shares, and the conversion price was adjusted from RMB 88.62 per share on May 30, 2023

63.20 yuan/share. For details, please refer to the company's disclosure on the website of the Shanghai Stock Exchange on May 30, 2023

(www.sse.com.cn) on the "Aerospace Hongtu Information Technology Co., Ltd. on Convertible Corporate Bonds".

Announcement on the Adjustment of the Conversion Price of "Hongtu Convertible Bonds" (2023-037). As of August 7, 2023, "Ambition

A total of 77 shares were converted into bonds, and the company's share capital was changed from 259,946,793 shares to 259,946,870 shares. Since 2020

The second vesting period of the first vesting period of the restricted stock incentive plan and the vesting registration of the first vesting period of the 2022 restricted stock incentive plan were completed, and the company's share capital was changed from 259,946,870 shares to 261,192,870 shares

shares, and the conversion price will be adjusted from 63.20 yuan per share to 62.98 yuan per share from August 30, 2023. For details, please refer to the company

On August 29, 2023, it was disclosed on the website of the Shanghai Stock Exchange (www.sse.com.cn) in the "Aerospace Macro

Announcement of Figure Information Technology Co., Ltd. on the Adjustment of the Conversion Price of Convertible Bonds Corporate Bonds "Hongtu Convertible Bonds" (2023-062).

2. Downward revision of the price of convertible bonds to equity

(1) The scope of correction and the scope of correction

During the duration of the convertible corporate bonds issued, when the closing price of the company's shares is lower than 85% of the current conversion price for at least 15 of the 30 consecutive trading days, the board of directors of the company has the right to propose a downward revision of the conversion price and submit it to the general meeting of shareholders of the company for voting. If there is a conversion price adjustment within the aforesaid 30 trading days, the conversion price and closing price before the adjustment shall be calculated on the trading day before the conversion price adjustment, and the adjusted conversion price and closing price on the trading day after the adjustment date of the conversion price.

The above plan can only be implemented if it is approved by more than two-thirds of the voting rights held by shareholders present at the meeting. When the general meeting of shareholders votes, the shareholders holding the convertible corporate bonds issued this time shall recuse themselves. The revised transfer price shall not be lower than the average trading price of the company's shares on the 20 trading days before the date of the general meeting of shareholders and the average trading price of the company's shares on the previous trading day.

(2) Amendment procedures

If the company decides to revise the transfer price downward, the company will publish the relevant announcement on the website of the Shanghai Stock Exchange (www.sse.com.cn) or other information disclosure media that meet the conditions stipulated by the China Securities Regulatory Commission, announcing the extent of the amendment, the equity registration date and the suspension period of the transfer (if necessary) and other relevant information. From the first trading day after the share registration date (i.e., the date of the revision of the transfer price), the transfer application will be resumed and the revised conversion price will be executed. If the date of amendment of the conversion price is on or after the date of application for the transfer of shares, and before the record date of the conversion of shares, the application for such transfer shall be executed at the revised conversion price.

3. Specific instructions on not revising the price of the "Hongtu Convertible Bonds" into equity downwards

As of November 20, 2024, the company's shares have traded for 15 out of 30 consecutive trading days

If the closing price of Yi Ri is lower than 85% of the current conversion price, the downward revision of the conversion price of the "Hongtu Convertible Bonds" has been triggered.

After comprehensively considering many factors such as the macro economy, market environment, the company's development, and stock price trends, and based on their confidence in the company's long-term steady development and intrinsic value, the board of directors and the management of the company held the 34th meeting of the third board of directors on November 20, 2024, and deliberated and approved the "Macro on Non-downward Revision".

The voting result of the "proposal for the conversion price of the convertible bonds" was: 9 votes in favor, 0 votes against, 0 abstentions, and back

Avoid 0 votes.

The board of directors of the company decided not to revise the price of the "Hongtu Convertible Bonds" downward this time, and at the same time in the future

Within the month (i.e. from 21 November 2024 to 20 December 2024), if the "Grand Convertible Bond" is triggered again

The downward revision condition of the conversion price is not proposed. The next trigger for the correction of the conversion price

The period starts from December 23, 2024 (December 21, 2024 is a non-trading day and will be postponed to the next transaction.)

If the downward revision condition of the conversion price of the "Hongtu Convertible Bonds" is triggered again from that date, the board of directors of the company will reconvene a meeting to decide whether to exercise the right to revise the conversion price of the "Hongtu Convertible Bonds" downward. Please pay attention to the investment risks.

The announcement is hereby made.

Aerospace Hongtu Information Technology Co., Ltd

board of directors

November 21, 2024

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