Zhejiang Southeast Network Frame Co., Ltd. Announcement on the Conversion of Convertible Bonds in the First Quarter of 2026

MaticHoleFiller

2026-04-01 20:29:03

Stock Code: 002135 Stock Abbreviation: Dongnan Netting Wall Building Announcement No.: 2026-022

Bond Code: 127103 Bond Abbreviation: Dongnan Convertible Bonds

Zhejiang Dongnan Netting Wall Building Co., Ltd.

Announcement on the Conversion of Dongnan Convertible Bonds for the First Quarter of 2026

All of the Company and all members of the board of directors guarantee that the information disclosed is true, accurate, and complete, and contains no false records, misleading statements, or material omissions.

Special Notice:

Securities code: 002135, securities abbreviation: Dongnan Netting Wall Building
Bond code: 127103, bond abbreviation: Dongnan Convertible Bonds
Current conversion price: RMB 5.60 per share
Conversion period: from July 9, 2024 to January 2, 2030 (if the date falls on a statutory holiday or rest day, it will be postponed to the first working day thereafter)

In accordance with the relevant provisions of the Rules Governing the Listing of Stocks on the Shenzhen Stock Exchange and the Shenzhen Stock Exchange’s Self-Regulatory Guidance No. 15—Convertible Corporate Bonds, Zhejiang Dongnan Netting Wall Building Co., Ltd. (hereinafter referred to as the “Company”) hereby announces, as follows, the conversion of convertible corporate bonds for the first quarter of 2026 (hereinafter referred to as the “convertible bonds”) and the changes in the Company’s shares:

I. Basic Information on the Issuance and Listing of the Convertible Bonds

(I) Issuance of the Convertible Bonds

Approved by the China Securities Regulatory Commission’s “Reply on Approving the Registration of Zhejiang Dongnan Netting Wall Building Co., Ltd. for the Public Issuance of Convertible Corporate Bonds” (CSRC License No.〔2023〕1845), the Company was registered to issue convertible corporate bonds to the public. On January 3, 2024, the Company issued 20.0 million lots of convertible corporate bonds to the public, with a par value of RMB100 per lot, and a total issuance amount of RMB200,000.00 million.

(II) Listing of the Convertible Bonds

Upon approval by the Shenzhen Stock Exchange, the Company’s convertible corporate bonds have been listed and traded on the Shenzhen Stock Exchange since January 24, 2024. The bond abbreviation is “Dongnan Convertible Bonds,” and the bond code is “127103.”

(III) Conversion Period of the Convertible Bonds

According to the relevant provisions of the “Offering Memorandum for the Public Issuance of Convertible Corporate Bonds by Zhejiang Dongnan Netting Wall Building Co., Ltd.” (hereinafter referred to as the “Offering Memorandum”), the conversion period for the convertible bonds under this issuance shall run from the first trading day falling six months after the end of the issuance of the convertible bonds (July 9, 2024) to the bond maturity date (January 2, 2030). (If the date falls on a statutory holiday or rest day, it will be postponed to the first working day thereafter.)

(IV) Adjustment to the Conversion Price of the Convertible Bonds

Pursuant to the provisions of the Offering Memorandum, the initial conversion price of the “Dongnan Convertible Bonds” under this issuance is RMB5.73 per share. As of the date of disclosure of this announcement, the Company’s historical conversion price adjustments are as follows:

The 2023 annual general meeting approved the “2023 Profit Distribution Proposal.” According to the relevant provisions of the Offering Memorandum regarding adjustments to the conversion price for the convertible bonds, the conversion price of the “Dongnan Convertible Bonds” was adjusted from RMB5.73 per share to RMB5.63 per share. The adjusted conversion price became effective from May 30, 2024 (the ex-rights and ex-dividend date). For details, see the Company’s announcement titled “Announcement on the Adjustment of the Conversion Price of ‘Dongnan Convertible Bonds’” disclosed on May 23, 2024 (Announcement No. 2024-054).
On November 11, 2024, the Company completed share repurchase and the related share cancellation, cancelling 34,098,400 shares of the Company, resulting in a reduction of the Company’s total share capital by 34,098,400 shares. After the completion of the share repurchase and cancellation, according to the relevant provisions regarding adjustments to the conversion price of the convertible bonds, the conversion price of the “Dongnan Convertible Bonds” was adjusted from RMB5.63 per share to RMB5.67 per share. The adjusted conversion price became effective from November 12, 2024. For details, see the Company’s announcement titled “Announcement on the Completion of the Cancellation of Repurchased Shares and Adjustment of the Conversion Price of the Convertible Bonds” disclosed on November 12, 2024 (Announcement No. 2024-103).
On May 13, 2025, the Company held its 2024 annual general meeting, which approved the “2024 Profit Distribution Proposal.” According to the relevant provisions of the Offering Memorandum regarding adjustments to the conversion price for the convertible bonds, the conversion price of the “Dongnan Convertible Bonds” was adjusted from RMB5.67 per share to RMB5.60 per share. The adjusted conversion price became effective from May 23, 2025 (the ex-rights and ex-dividend date). For details, see the Company’s announcement titled “Announcement on the Adjustment of the Conversion Price of ‘Dongnan Convertible Bonds’” disclosed on May 17, 2025 (Announcement No. 2025-041).

II. Conversion of the “Dongnan Convertible Bonds” and Changes in Shares

In the first quarter of 2026, due to conversion, the “Dongnan Convertible Bonds” decreased by RMB17,000 (170 lots), and the number of converted shares was 3,031. As of March 31, 2026, the remaining balance of the convertible bonds of the Company was RMB1,999,878,700 (19,998,787 lots). The Company’s share changes in the first quarter of 2026 are as follows:

■

III. Other Matters

If investors have any questions regarding the above matters, please call the Company’s securities department investor consultation hotline at 0571-82783358 for consultation.

IV. Documents for Reference

The Dongnan Netting Wall Building share capital structure table issued by China Securities Depository and Clearing Co., Ltd., Shenzhen Branch as of March 31, 2026;
The Dongnan Convertible Bonds share capital structure table issued by China Securities Depository and Clearing Co., Ltd., Shenzhen Branch as of March 31, 2026.

This announcement is hereby issued.

Zhejiang Dongnan Netting Wall Building Co., Ltd.

Board of Directors

April 2, 2026

Stock Code: 002135 Stock Abbreviation: Dongnan Netting Wall Building Announcement No.: 2026-023

Bond Code: 127103 Bond Abbreviation: Dongnan Convertible Bonds

Zhejiang Dongnan Netting Wall Building Co., Ltd.

Announcement on the Progress of Repurchasing the Company’s Shares

Zhejiang Dongnan Netting Wall Building Co., Ltd. (hereinafter referred to as the “Company”) convened the 30th meeting of the Eighth Session of the Board of Directors on March 10, 2026. The meeting approved the “Proposal on the Share Repurchase Plan by Means of Centralized Competitive Trading,” agreeing that the Company will use its own funds or self-raised funds to repurchase the Company’s shares by means of centralized competitive trading. The total amount of funds for this share repurchase shall be no less than RMB100 million and no more than RMB200 million (including both amounts); the repurchase price shall not exceed (including) RMB9.32 per share; the specific number of shares repurchased shall be based on the actual number of shares repurchased upon completion of the repurchase period. The implementation period for this share repurchase shall be within 12 months from the date the board considers and approves the repurchase plan. For details, see the Company’s announcements disclosed on March 11, 2026 and March 13, 2026 on the website of Juchao Information (www.cninfo.com.cn): “Announcement on the Share Repurchase Plan by Means of Centralized Competitive Trading” (Announcement No.: 2026-014) and “Repurchase Report” (Announcement No.: 2026-017), respectively.

I. Progress of the Share Repurchase

Pursuant to relevant provisions such as the “Rules for Share Repurchases by Listed Companies” and the Shenzhen Stock Exchange’s Self-Regulatory Guidance No. 9—Share Repurchases by Listed Companies, the Company shall disclose the repurchase progress as of the end of the previous month within the first three trading days of each month. The progress of the Company’s repurchase as of March 31, 2026 is hereby announced as follows:

As of March 31, 2026, the Company has cumulatively repurchased 16,405,000 shares through centralized competitive trading using a dedicated securities account for share repurchase, accounting for 1.47% of the Company’s current total share capital (1,115,521,300 shares). The highest transaction price for the repurchased shares was RMB7.57 per share, the lowest transaction price was RMB6.25 per share, and the total transaction amount was RMB113,513,867 (excluding transaction fees).

This repurchase complies with the Company’s share repurchase plan and relevant laws and regulations.

II. Other Explanations

The timing for the Company’s share repurchase, the number of shares repurchased, and the designated trading time window for the centralized competitive trading instructions all comply with the provisions of Articles 17 and 18 of the Shenzhen Stock Exchange’s Self-Regulatory Guidance No. 9—Share Repurchases by Listed Companies. Specific details are as follows:

The Company did not repurchase its shares during the following periods:

(1) From the date when major matters occur that may have a significant impact on the trading price of the Company’s securities and their derivative categories, or during the decision-making process, to the date when it is legally disclosed;

(2) Other circumstances as stipulated by the China Securities Regulatory Commission and the Shenzhen Stock Exchange.

When the Company repurchases shares by means of centralized competitive trading, it satisfies the following requirements:

(1) The instruction price shall not be the price subject to the daily trading price increase limit for the Company’s shares;

(2) No share repurchase instructions shall be placed during the Shenzhen Stock Exchange’s opening call auction, closing call auction, and trading days where there is no trading price increase/decrease limit for stock prices;

(3) Other requirements stipulated by the China Securities Regulatory Commission and the Shenzhen Stock Exchange.

In the future, the Company will continue to implement the repurchase plan within the repurchase period in accordance with market conditions, and will promptly fulfill information disclosure obligations in accordance with relevant laws, regulations, and normative documents. Investors are kindly requested to pay attention to investment risks.

This announcement is hereby issued.

Zhejiang Dongnan Netting Wall Building Co., Ltd.

Board of Directors

April 2, 2026

Massive information, precise interpretation—available on the Sina Finance APP

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.