浙江荣晟环保纸业股份有限公司关于“荣23转债”转股数量累计达到转股前公司已发行股份总额10%暨股份变动公告

Core Viewpoint - The company has announced that the cumulative conversion of the "Rong 23 Convertible Bonds" has reached 10% of the total shares issued before conversion, indicating significant shareholder engagement and potential dilution of existing shares [2][9]. Group 1: Convertible Bond Issuance and Conversion - As of February 13, 2026, a total of RMB 293,450,000 of "Rong 23 Convertible Bonds" has been converted into 28,767,903 shares of the company, representing 10.33% of the total shares issued before conversion [2][9]. - The remaining unconverted amount of "Rong 23 Convertible Bonds" is RMB 282,534,000, which accounts for 49.05% of the total issuance [2][9]. - The company issued 5.76 million convertible bonds on August 18, 2023, with a total value of RMB 57.6 million and a maturity of 6 years, with varying interest rates [3]. Group 2: Conversion Price Adjustments - The initial conversion price of the bonds was set at RMB 15.74 per share, which was adjusted downwards to RMB 12.06 on January 18, 2024, and further adjusted to RMB 11.58 on May 10, 2024, due to profit distribution [4][5]. - Subsequent adjustments continued, with the conversion price reaching RMB 10.14 by February 9, 2026, reflecting the company's ongoing capital management strategies [6][7][9]. Group 3: Shareholder Impact and Corporate Governance - The conversion of bonds has led to an increase in the company's share capital, but it is noted that this will not affect the control of the company or its governance structure [12]. - The company has ensured that the changes in shareholding due to the bond conversion do not trigger any mandatory disclosure requirements for shareholders holding more than 5% [11][12].