Linuo Medicine Pack: The seventh reminder announcement on the early redemption of Linuo Convertible Bonds
Securities code: 301188 Securities abbreviation: Linuo Medicine Pack Announcement number: 2026-018 Bond code: 123221 Bond abbreviation: Linuo Convertible Bonds
Shandong Linuo Pharmaceutical Packaging Co., Ltd.
The seventh reminder announcement on the early redemption of "Linuo Convertible Bonds"
The company and all members of the board of directors guarantee that the information disclosed is true, accurate and complete, and there are no false records, misleading statements or major omissions.
Important content reminder:
Redemption price of "Lino Convertible Bonds": 100.55 yuan/piece (face value of the bond plus current accrued interest, current annual interest rate is 1.00%, and current interest includes tax). The redemption price after tax is subject to the price approved by China Securities Depository and Clearing Co., Ltd. Shenzhen Branch (hereinafter referred to as "China Clearing").
Date when redemption conditions are met: February 11, 2026
Trading suspension date: March 10, 2026
Date to stop converting shares: March 13, 2026
Redemption registration date: March 12, 2026
Redemption date: March 13, 2026
Issuer’s fund arrival date (arrives in China Settlement Account): March 18, 2026
Date of arrival of investors’ redemption funds: March 20, 2026
Redemption Category: All Redemptions
After this redemption is completed, "Lino Convertible Bonds" will be delisted from the Shenzhen Stock Exchange (hereinafter referred to as the "Shenzhen Stock Exchange"). If the "Lino Convertible Bonds" held by bondholders are pledged or frozen, it is recommended to unpledge or freeze them before the date when the conversion is stopped, so as to avoid being redeemed due to the inability to convert into shares.
If bond holders transfer shares, they need to open GEM trading permissions. Investors who do not meet the GEM stock suitability management requirements cannot convert their "Lino Convertible Bonds" into stocks. Investors are specifically reminded to pay attention to the risks of not being able to convert stocks.
Risk warning: According to the arrangement, "Lino Convertible Bonds" that have not been converted into shares as of the market close on March 12, 2026 will be forcibly redeemed at a price of 100.55 yuan per piece. Since there is a large difference between the current secondary market price of "Lino Convertible Bonds" and the redemption price, holders of "Lino Convertible Bonds" are specially reminded to pay attention to converting shares within the time limit. If investors fail to convert shares in time, they may face losses. Investors are advised to pay attention to investment risks.
From January 9, 2026 to February 11, 2026 During the period, the closing price of Shandong Linuo Pharmaceutical Packaging Co., Ltd. (hereinafter referred to as the "Company") stock on at least fifteen trading days out of any thirty consecutive trading days has been no less than 130% (including 130%, or 18.46 yuan/share) of the current conversion price of the "Linuo Convertible Bonds", triggering the company's "Prospectus for Issuing Convertible Corporate Bonds to Unspecified Objects on GEM" (hereinafter referred to as the "Prospectus"). Conditional redemption clauses. The company held the 18th meeting of the fourth board of directors on February 11, 2026, and reviewed and approved the "Proposal on Early Redemption of "Lino Convertible Bonds". In order to reduce the company's financial expenses and capital costs and optimize the company's capital structure, combined with the current market and the company's own situation, after careful consideration, the company's board of directors agreed to exercise the early redemption right of "Lino Convertible Bonds" and authorized the company's management and relevant personnel to be responsible for all matters related to the subsequent redemption of "Lino Convertible Bonds". The relevant matters concerning the early redemption of "Linuo Convertible Bonds" are hereby announced as follows:
1. Basic information on convertible corporate bonds
(1) Issuance and listing of convertible corporate bonds
According to the China Securities Regulatory Commission’s “Reply on the Registration Approval of Shandong Linuo Special Glass Co., Ltd.’s Issuance of Convertible Corporate Bonds to Unspecified Objects” (CSRC License [2023] No. 1629), the company issued 5,000,000 convertible corporate bonds to unspecified objects, with a face value of RMB 100.00 each, and the total amount of funds raised was RMB 500,000,000.00 (including issuance expenses).
With the consent of the Shenzhen Stock Exchange, this convertible corporate bond has been listed and traded on the Shenzhen Stock Exchange on September 14, 2023. The bond is referred to as "Lino Convertible Bond" and the bond code is "123221".
(2) Conversion period and initial conversion price
According to the provisions of the "Prospectus", the conversion period of the convertible bonds issued this time will be from the first trading day six months after the completion of the issuance to the maturity date of the convertible bonds, that is, from February 29, 2024 to August 22, 2029 (if it is postponed to the first working day after the statutory holiday or rest day, no additional interest will be calculated on the interest payment during the postponement period).
The initial conversion price of "Linuo Convertible Bonds" is 14.40 yuan/share.
(3) Previous adjustments to the stock conversion price
Due to the company's implementation of the 2023 annual equity distribution plan, the existing total share capital at the time of equity distribution (232,450,244 shares) after deducting the repurchased shares (3,255,000 shares) is 229,195,244 shares. As the base number, 1.00 yuan in cash (tax included) will be distributed to all shareholders for every 10 shares. The conversion price of "Lino Convertible Bonds" will be adjusted from 14.40 yuan/share to 14.30 yuan/share starting from June 4, 2024 (ex-rights and ex-dividend date). For details, please refer to the "Announcement on Adjustment of Convertible Bond Conversion Price" disclosed by the company on the cninfo.com on May 28, 2024 (announcement number: 2024-060).
Because the closing price of the company's stock has been lower than 85% of the current conversion price for at least fifteen trading days out of any thirty consecutive trading days, the condition for downward revision of the conversion price of "Linuo Convertible Bonds" has been triggered. On September 5, 2024, the company held the fourth meeting of the fourth board of directors and reviewed and approved the "Proposal on Not Revising the Conversion Price of "Lino Convertible Bonds" Downward. The board of directors decided not to revise the conversion price of "Lino Convertible Bonds" downward this time, and In the next 6 months from the next trading day after the board of directors' review and approval (i.e., September 6, 2024 to March 5, 2025), if the conditions for downward revision of the "Lino Convertible Bond" conversion price are triggered again, no downward revision plan will be proposed. The next period for triggering the conversion price revision conditions will be recalculated from March 6, 2025. If the downward revision clause of the "Lino Convertible Bonds" conversion price is triggered again, the company's board of directors will convene a meeting to decide whether to exercise the right to downward revision of the "Lino Convertible Bonds" conversion price. For details, please refer to the "Announcement on Not Revising the Conversion Price of "Lino Convertible Bonds" Downward" disclosed by the company on the cninfo.com on September 5, 2024 (announcement number: 2024-086).
Due to the company's implementation of the 2024 annual equity distribution plan, the existing total share capital at the time of equity distribution (233,612,755 shares) after deducting the repurchased shares (5,850,800 shares) is 227,761,955 shares. As the base number, 1.00 yuan in cash (tax included) will be distributed to all shareholders for every 10 shares. The conversion price of "Lino Convertible Bonds" will be adjusted from 14.30 yuan/share to 14.20 yuan/share starting from May 29, 2025 (ex-rights and ex-dividend date). For details, please refer to the "Announcement on Adjustment of the Convertible Bond Conversion Price" disclosed by the company on the cninfo.com on May 22, 2025 (announcement number: 2025-051).
As of the disclosure date of this announcement, the conversion price of "Lino Convertible Bonds" is 14.20 yuan per share.
(4) Sales situation of convertible corporate bonds
On August 19, 2025, the company held the 12th meeting of the fourth board of directors and the 11th meeting of the fourth board of supervisors. On September 5, 2025, the company held the first bondholder meeting of "Lino Convertible Bonds" in 2025 and the second extraordinary shareholders' meeting in 2025. The above meetings reviewed and approved the "Proposal on Changing the Use of Part of the Raised Funds". According to the provisions of the Prospectus, the additional sell-back terms of the "Linuo Convertible Bonds" are effective. The repurchase declaration period is from September 12, 2025 to September 18, 2025. According to the relevant documents issued by the Shenzhen Branch of China Securities Depository and Clearing Co., Ltd., "Lino Convertible Bonds" were resold for a total of 10 pieces, and the resale amount was 1,000.55 yuan (including interest and tax). For details, please refer to the "Announcement on the Result of the Sale Back of Linuo Convertible Bonds" disclosed by the company on cninfo.com (announcement number: 2025-095).
2. Conditional redemption terms and triggering conditions of convertible corporate bonds
(1) Conditional redemption terms
During the conversion period of the convertible bonds issued this time, when either of the following two situations occurs, the company has the right to decide to redeem all or part of the unconverted convertible bonds at the price of the bond's face value plus the current accrued interest:
① During the conversion period of the convertible bonds issued this time, when the closing price of the company's stock on at least fifteen trading days out of any thirty consecutive trading days is not less than 130% (inclusive) of the current conversion price;
② When the unconverted balance of the convertible bonds issued this time is less than 30 million yuan.
The calculation formula for current accrued interest is: I =B×i×t/365
A
Among them: I refers to the current accrued interest; B refers to the convertible bonds to be redeemed held by the holders of the convertible bonds issued this time.
A
The total face amount of the convertible bonds; i refers to the coupon rate of the convertible bonds for the current year; t refers to the number of interest accrual days, that is, the actual number of calendar days from the last interest payment date to the redemption date of this interest accrual year (the beginning is not counted).
If the conversion price is adjusted within the aforementioned thirty trading days, the conversion price and closing price before the adjustment will be calculated on the trading day before the adjustment, and the adjusted conversion price and closing price on the adjustment day and subsequent trading days will be used.
(2) Conditional redemption triggered this time
From January 9, 2026 to February 11, 2026, the closing price of the company's stock on at least fifteen trading days out of any thirty consecutive trading days has been no less than 130% (inclusive of 130%, or 18.46 yuan/share) of the current conversion price of "Lino Convertible Bonds", triggering the conditional redemption clause stipulated in the "Prospectus".
3. Review procedures for implementation
The company held the 18th meeting of the fourth board of directors on February 11, 2026, and reviewed and approved the "Proposal on the Early Redemption of "Lino Convertible Bonds". Based on the current market and the company's own situation, after comprehensive consideration, the company decided to exercise the early redemption right of this "Lino Convertible Bonds" and redeem all "Lino Convertible Bonds" that have not been converted into shares after the closing of the redemption registration date at the price of the bond's face value plus the current accrued interest, and authorized the company's management and relevant personnel to be responsible for all matters related to the subsequent redemption of "Lino Convertible Bonds".
4. Implementation Arrangements for Redemption of “Lino Convertible Bonds”
(1) Redemption price and determination of redemption price
According to the conditional redemption terms in the Prospectus, the redemption price of "Lino Convertible Bonds" is 100.55 yuan/piece (including interest and tax). The calculation process is as follows:
The calculation formula for current accrued interest is: I =B×i×t/365
A
Among them: I refers to the current accrued interest;
A
B refers to the total par amount of the convertible bonds to be redeemed held by the holders of the convertible bonds issued this time; i refers to the coupon rate of the convertible bonds for the current year (1.00%);
t refers to the number of interest accrual days (202 days), that is, the actual number of calendar days from the last interest payment date (August 23, 2025) to the redemption date of this interest accrual year (March 13, 2026) (the beginning is not counted). The current accrued interest of each bond I =B×i×t/365=100×1.00%×202/365≈0.55 yuan/piece A
Redemption price of each bond = face value of the bond + current accrued interest = 100 + 0.55 = 100.55 yuan/piece
The redemption price after tax shall be subject to the price approved by China Clearing. The company does not withhold or remit interest income tax from holders.
(2) Redemption objects
All holders of "Lino Convertible Bonds" registered in China Securities Clearing Company after the market close as of the redemption registration date (March 12, 2026).
(3) Redemption procedures and time arrangements
The company will disclose a redemption reminder announcement on each trading day before the redemption date to remind "Lino Convertible Bond" holders of matters related to this redemption.
"Lino Convertible Bonds" will cease trading from March 10, 2026.
"Lino Convertible Bonds" will stop converting shares starting from March 13, 2026.
March 13, 2026 is the redemption date of “Lino Convertible Bonds”. The company will fully redeem the "Linuo Convertible Bonds" registered with China Securities Clearing Company after the market closes on the redemption registration date (March 12, 2026). After the redemption is completed, "Lino Convertible Bonds" will be delisted from the Shenzhen Stock Exchange.
March 18, 2026 is the day when the issuer’s funds arrive (arrives in the China Settlement Account), and March 20, 2026 is the day when the redemption money reaches the capital account of the “Lino Convertible Bond” holder. At that time, the redemption money of the “Lino Convertible Bond” will be directly transferred to the capital account of the “Lino Convertible Bond” holder through the convertible corporate bond custody broker.
The company will publish the redemption results announcement and the convertible corporate bond delisting announcement on the information disclosure media designated by the China Securities Regulatory Commission within 7 trading days after the completion of this redemption.
The abbreviation of the convertible corporate bonds on the last trading day: Znuo Convertible Bonds.
(4) Consultation methods
Consultation address: Government Residence, Yuhuangmiao Town, Shanghe County, Jinan City, Shandong Province
Consultation hotline: 0531-88729123
Contact email: [email protected]
- The company’s actual controllers, controlling shareholders, shareholders holding more than 5% of the shares, directors, and senior managers traded “Lino Convertible Bonds” within six months before the redemption conditions were met.
After self-examination, it was found that within six months before the date when the redemption conditions of the "Lino Convertible Bonds" were met (February 11, 2026), the company's actual controller, controlling shareholder, shareholders holding more than 5% of the shares, directors, and senior managers did not trade "Lino Convertible Bonds".
6. Other matters
If the holder of "Linuo Convertible Bonds" handles stock conversion matters, he must apply for stock conversion through the securities company that holds the bond. For specific stock conversion operations, it is recommended that bondholders consult the securities company where the account is opened before applying.
The minimum unit of application for conversion of convertible bonds into shares is 1 piece, each with a face value of 100.00 yuan, and the minimum unit of conversion into shares is 1 share; if multiple applications for conversion of shares are made on the same trading day, the number of shares to be converted will be calculated together. The shares that holders of convertible corporate bonds apply for conversion must be an integral number of shares. For the part of the convertible corporate bonds that is less than 1 share during the share conversion, the company will, in accordance with the relevant regulations of the China Securities Regulatory Commission, Shenzhen Stock Exchange and other departments, pay in cash the par amount of the convertible corporate bonds and the current accrued interest corresponding to the balance within five trading days after the share conversion date.
Convertible corporate bonds purchased on the same day can be applied for conversion on the same day. New shares converted from convertible corporate bonds can be listed and circulated on the next trading day after the conversion declaration, and enjoy the same rights and interests as the original shares.
Announcement hereby!
Board of Directors of Shandong Linuo Pharmaceutical Packaging Co., Ltd.
March 2, 2026