Jinpan Technology announced that the 30th meeting of the 3rd board of directors deliberated and passed a number of proposals relating to the issuance of convertible bonds. The company has obtained approval from the Securities Regulatory Commission. The total amount of convertible bonds to be issued is 1,672 billion yuan, with a face value of 100 yuan each, for a period of 6 years, from December 31, 2025 to December 24, 2031. The initial conversion price is 89.28 yuan/share. The conversion period starts from the first trading day 6 months after the end of the issuance to the expiration date. Terms such as interest rates, redemption, and resale have also been clarified. Priority placement will be given to the original shareholders, and the balance will be distributed online. In addition, the company will apply for the listing of convertible bonds, open a special account, and sign a regulatory agreement.

Jinpan Technology announced that the 30th meeting of the 3rd board of directors deliberated and passed a number of proposals relating to the issuance of convertible bonds. The company has obtained approval from the Securities Regulatory Commission. The total amount of convertible bonds to be issued is 1,672 billion yuan, with a face value of 100 yuan each, for a period of 6 years, from December 31, 2025 to December 24, 2031. The initial conversion price is 89.28 yuan/share. The conversion period starts from the first trading day 6 months after the end of the issuance to the expiration date. Terms such as interest rates, redemption, and resale have also been clarified. Priority placement will be given to the original shareholders, and the balance will be distributed online. In addition, the company will apply for the listing of convertible bonds, open a special account, and sign a regulatory agreement.