中证鹏元资信评估股份有限公司 较长，存在一定垫资压力，应收账款规模偏大且持续增长，存在一定 坏账损失风险，需持续关注公司应收账款回款情况。 综合考虑公司现状，中证鹏元决定维持公司主体信用等级为 A， 评级展望维持为稳定，"京源转债"信用等级维持为 A，评级结果有 效期为 2026 年 2 月 12 日至"京源转债"存续期。同时中证鹏元将密 切关注公司生产经营和财务状况，并持续跟踪以上事项对公司主体信 用等级、评级展望以及"京源转债"信用等级可能产生的影响。 特此公告。 中证鹏元公告【2026】77 号 中证鹏元关于关注江苏京源环保股份有限公司 2025 年业绩 预亏事项的公告 中证鹏元资信评估股份有限公司（以下简称"中证鹏元"）对江 苏京源环保股份有限公司（以下简称"京源环保"或"公司"，股票 代码：688096.SH）及其发行的下述债券开展评级。除评级委托关系 外，中证鹏元及评级从业人员与公司不存在任何足以影响评级行为独 立、客观、公正的关联关系。 | 债券简称 | 上一次评级时间 | | | 上一次评级结果 | | | --- | --- | --- | --- | --- | --- | | | | 主 ...

方正证券承销保荐有限责任公司 关于江苏京源环保股份有限公司 不提前赎回"京源转债"的核查意见 方正证券承销保荐有限责任公司（以下简称"保荐机构"）作为江苏京源环 保股份有限公司（以下简称"公司"）向不特定对象发行可转换公司债券项目的 保荐机构，根据《可转换公司债券管理办法》《上海证券交易所上市公司自律监 管指引第 12 号——可转换公司债券》等有关规定，经审慎核查，就公司不行使 "京源转债"的提前赎回权利，发表如下核查意见： 一、可转换公司债券的基本情况 1 （四）可转换公司债券转股价格调整情况 （一）可转换公司债券的发行情况 经中国证券监督管理委员会《关于同意江苏京源环保股份有限公司向不特定 对象发行可转换公司债券注册的批复》（证监许可〔2022〕508 号）核准，公司 于 2022 年 8 月 5 日公开发行 332.50 万张可转换公司债券，期限 6 年，每张面值 100.00 元，募集资金总额为 33,250.00 万元，扣除全部发行费用（不含税） 5,452,830.20 元后，实际募集资金净额为 327,047,169.80 元。 上述事项已经大华会计师事务所（特殊普通合伙）以"大华验字[2022 ...

Core Viewpoint - Jiangsu Jingyuan Environmental Protection Co., Ltd. has decided not to exercise the early redemption rights for its convertible bonds, "Jingyuan Convertible Bonds," based on confidence in the company's future development and current market conditions [3][15]. Group 1: Board Meeting Details - The fourth meeting of the fourth board of directors was held on February 10, 2026, via communication, with all nine directors present and agreeing to waive the notification period [2]. - The meeting was chaired by Mr. Li Wulin, who provided necessary information regarding the agenda items [2]. Group 2: Resolution on Convertible Bonds - The board approved the resolution not to redeem the "Jingyuan Convertible Bonds" early, as the stock price met the conditions for conditional redemption [3][9]. - The stock price from December 29, 2025, to February 10, 2026, had 15 trading days where the closing price was not less than 130% of the conversion price of 6.91 CNY per share, triggering the redemption clause [9][14]. - The company will not exercise the redemption rights for the next three months, from February 11 to May 10, 2026, even if the redemption conditions are met again [15]. Group 3: Future Considerations - The company will recalculate the redemption conditions starting from May 11, 2026, and will hold another board meeting if the conditions are triggered again [15][18]. - The company has not received any plans from major shareholders or executives to reduce their holdings in the "Jingyuan Convertible Bonds" within the six months prior to the redemption condition being met [16].

Core Viewpoint - The company, Jingyuan Environmental Protection (688096.SH), has triggered the conditional redemption clause for its convertible bonds due to the stock price meeting specific criteria, but has decided not to exercise this redemption option at this time [1] Group 1: Convertible Bonds - The company announced that from December 29, 2025, to February 10, 2026, its stock price met the condition of closing at or above 130% of the conversion price of the "Jingyuan Convertible Bonds," which is 6.91 yuan per share, equating to 8.98 yuan per share for 15 out of 30 trading days [1] - On February 10, 2026, the company's board of directors approved a resolution not to redeem the "Jingyuan Convertible Bonds" early [1] - The company will not propose a conditional redemption plan if the "Jingyuan Convertible Bonds" trigger the redemption clause again within the next three months, from February 11, 2026, to May 10, 2026 [1] Group 2: Future Considerations - The company will recalculate the conditions for the "Jingyuan Convertible Bonds" starting from May 11, 2026, and if the redemption clause is triggered again, the board will convene to decide on the redemption rights [1]

| 证券代码：688096 | 证券简称：京源环保 | 公告编号：2026-006 | | --- | --- | --- | | 转债代码：118016 | 转债简称：京源转债 | | 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任 。 重要内容提示： ●江苏京源环保股份有限公司（以下简称"公司"）股票自 2025 年 12 月 29 日至 2026 年 2 月 10 日，满足连续三十个交易日中有十五个交易日的收盘价 不低于"京源转债"当期转股价 6.91 元/股的 130%（含 130%），即 8.98 元/股， 已触发《江苏京源环保股份有限公司向不特定对象发行可转换公司债券募集说明 书》（以下简称"《募集说明书》"）中规定的有条件赎回条款。 ●公司于 2026 年 2 月 10 日召开第四届董事会第二十二次会议，审议通过了 《关于不提前赎回"京源转债"的议案》，决定本次不行使"京源转债"的提前 赎回权，不提前赎回"京源转债"。 ●未来 3 个月内（即 2026 年 2 月 11 日至 2026 年 5 月 10 日期间 ...

一、董事会会议召开情况 江苏京源环保股份有限公司（以下简称"公司"）第四届董事会第二十二次 会议（以下简称"会议"）于 2026 年 2 月 10 日以通讯方式召开，关于本次会议 的通知，已采取通讯形式向全体董事进行了送达，经全体董事一致同意豁免本次 会议的通知时限。本次会议由李武林先生主持，并已在董事会会议上就豁免通知 时限的相关情况作出说明，与会的各位董事已知悉所议事项的相关必要信息。本 次会议应到董事 9 人，实际到会董事 9 人。本次会议的召集和召开程序符合相关 法律法规、规章和《公司章程》的规定。 二、董事会会议审议情况 | 证券代码：688096 | 证券简称：京源环保 | 公告编号：2026-005 | | --- | --- | --- | | 转债代码：118016 | 转债简称：京源转债 | | 江苏京源环保股份有限公司 第四届董事会第二十二次会议决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 具体内容详见公司同日刊载于上海证券交易所网站（www.sse.com.cn）的《关 于不提前赎回"京 ...

Group 1 - The company, Jingyuan Environmental Protection, announced that its fourth board meeting was held on February 10, 2026, via communication methods [1] - The meeting reviewed the proposal regarding the non-early redemption of "Jingyuan Convertible Bonds" [1]

Group 1 - The core viewpoint of the news is that Jingyuan Environmental Protection has shown a significant increase in stock price and trading volume, indicating positive market sentiment towards the company [1] - As of February 10, the stock price of Jingyuan Environmental Protection rose by 2.05% to 9.45 CNY per share, with a total market capitalization of 2.23 billion CNY [1] - The company has experienced a year-to-date stock price increase of 19.62%, with notable gains over various trading periods: 4.19% in the last 5 days, 7.39% in the last 20 days, and 9.88% in the last 60 days [1] Group 2 - Jingyuan Environmental Protection, established on March 30, 1999, specializes in the research, design, and sales of environmental water treatment technologies, equipment, and systems [1] - The company's revenue composition is as follows: 64.30% from industrial wastewater treatment, 28.85% from other services, and 6.85% from water supply treatment [1] - As of September 30, the number of shareholders increased to 6,732, a rise of 61.79%, while the average circulating shares per person decreased by 12.06% to 35,062 shares [1] Group 3 - For the period from January to September 2025, Jingyuan Environmental Protection reported a revenue of 323 million CNY, reflecting a year-on-year growth of 17.45% [1] - The company recorded a net profit attributable to shareholders of -3.79 million CNY, which is a significant year-on-year increase of 61.05% [1] - Since its A-share listing, Jingyuan Environmental Protection has distributed a total of 127 million CNY in dividends, with 40.74 million CNY distributed over the past three years [2]

Core Viewpoint - Jiangsu Jingyuan Environmental Protection Co., Ltd. has announced that its convertible bonds, "Jingyuan Convertible Bonds," are expected to meet the redemption conditions based on the stock price performance [1] Group 1: Convertible Bond Issuance and Terms - The company issued 3.325 million convertible bonds with a total amount of 332.5 million yuan, and the bonds have a term of six years starting from the issuance date [2][3] - The initial conversion price was set at 13.93 yuan per share, which was later adjusted to 13.90 yuan and then to 9.82 yuan due to the implementation of the 2022 annual equity distribution [3][4] - The conversion price will further adjust to 6.91 yuan per share starting from July 15, 2025, due to the 2024 annual equity distribution [5] Group 2: Redemption Conditions - The company has outlined redemption terms in its prospectus, including a conditional redemption clause that can be triggered if the stock price remains above 130% of the conversion price for a specified number of trading days [6][7] - As of January 9, 2026, the stock price has been above 130% of the conversion price for 10 trading days, indicating a potential trigger for the redemption clause if the conditions continue to be met [7][8]

Core Viewpoint - The company announced that its "Jingyuan Convertible Bonds" have met the conditions for potential redemption based on their trading price exceeding 130% of the conversion price for a specified period [2] Group 1: Company Announcement - Jingyuan Environmental Protection stated that from January 9 to February 3, 2026, the closing price of the "Jingyuan Convertible Bonds" has not been lower than 130% of the current conversion price (8.983 yuan/share) for 10 trading days [2] - If the bonds continue to meet this condition for 12 consecutive trading days, with at least 5 days satisfying the requirement, the company has the right to redeem all or part of the unconverted "Jingyuan Convertible Bonds" at face value plus accrued interest [2]