Convertible Bonds Conversion Results and Share Change Announcement
Securities code: 603976 Securities abbreviation: Zhengchuan Shares Announcement number: 2026-001 Bond code: 113624 Bond abbreviation: Zhengchuan Convertible Bonds
Chongqing Zhengchuan Pharmaceutical Packaging Materials Co., Ltd.
The company's board of directors and all directors guarantee that the contents of this announcement do not contain any false records, misleading statements or major omissions, and assume legal responsibility for the authenticity, accuracy and completeness of its contents.
Important content reminder:
Cumulative share conversions: As of December 31, 2025, a total of RMB 172,000.00 of "Zhengchuan Convertible Bonds" has been converted into company stocks, and the cumulative number of shares formed due to share conversions is 3,750 shares, accounting for "Chengchuan Convertible Bonds".
"Sichuan Convertible Bonds" account for 0.0025% of the company's total issued shares before the conversion.
The situation of convertible bonds that have not been converted into shares: As of December 31, 2025, the amount of "Zhengchuan Convertible Bonds" that has not been converted into shares
The total amount is RMB 404,828,000.00, accounting for 99.9575% of the total issuance of "Zhengchuan Convertible Bonds".
Share conversion status in this quarter: From October 1, 2025 to December 31, 2025, a total of RMB 2,000 of "Zhengchuan Convertible Bonds" have been converted into company stocks, and the number of shares formed due to the conversion is 98 shares.
1. Overview of issuance and listing of convertible bonds
(1) Issuance of convertible bonds
As approved by the China Securities Regulatory Commission, Zhengjian Xu [2021] No. 198 "Reply on the Approval of the Public Issuance of Convertible Corporate Bonds by Chongqing Zhengchuan Pharmaceutical Packaging Materials Co., Ltd.", Chongqing Zhengchuan Pharmaceutical Packaging Materials Co., Ltd. (hereinafter referred to as the "Company") publicly issued convertible corporate bonds on April 28, 2021 There are 4.05 million bonds, each with a face value of RMB 100. The total amount of funds raised by this issuance of convertible corporate bonds is RMB 405,000,000. The term is 6 years. The bond interest rate is 0.50% in the first year, 0.70% in the second year, 1.20% in the third year, 1.80% in the fourth year, 2.40% in the fifth year, and 3.00% in the sixth year.
(2) Listing status of convertible bonds
As approved by the Shanghai Stock Exchange's Self-Regulation Decision [2021] No. 224, the company's 405 million yuan convertible corporate bonds have been listed for trading on the Shanghai Stock Exchange since June 1, 2021. The bond abbreviation is "Zhengchuan Convertible Bonds" and the bond code is "113624".
(3) Adjustment of convertible bond conversion price
According to the provisions of the "Stock Listing Rules of the Shanghai Stock Exchange" and the "Prospectus for the Public Issuance of Convertible Corporate Bonds by Chongqing Zhengchuan Pharmaceutical Packaging Materials Co., Ltd." (hereinafter referred to as the "Prospectus"), the "Zhengchuan Convertible Bonds" issued by the company can be converted into the company's A-share common shares on the first trading day after 6 months from the end of the issuance of the convertible corporate bonds, that is, November 8, 2021, with an initial conversion price of 46.69 Yuan/share, the latest conversion price is 45.77 Yuan/share. Previous stock conversion price adjustments are as follows:
Due to the company's implementation of the annual equity distribution in 2021, the conversion price of "Zhengchuan Convertible Bonds" will be adjusted from 46.69 yuan/share to 46.38 yuan/share starting from June 24, 2022. For details, please refer to the "Announcement on the Adjustment of the Conversion Price of "Zhengchuan Convertible Bonds" Caused by Equity Distribution" disclosed by the company on June 16, 2022 (Announcement No.: 2022-026).
Due to the company's implementation of the annual equity distribution in 2022, the conversion price of "Zhengchuan Convertible Bonds" will be adjusted from 46.38 yuan/share to 46.32 yuan/share starting from June 21, 2023. For details, please refer to the "Announcement on the Adjustment of the Conversion Price of "Zhengchuan Convertible Bonds" Caused by Equity Distribution" disclosed by the company on June 15, 2023 (Announcement No.: 2023-035).
Due to the company's implementation of the annual equity distribution in 2023, the conversion price of "Zhengchuan Convertible Bonds" will be adjusted from 46.32 yuan/share to 46.12 yuan/share starting from June 19, 2024. For details, please refer to the "Announcement on the Adjustment of the Conversion Price of "Zhengchuan Convertible Bonds" Caused by Equity Distribution" disclosed by the company on June 13, 2024 (Announcement Number: 2024-027).
Due to the company's implementation of the 2024 semi-annual equity distribution, the conversion price of "Zhengchuan Convertible Bonds" will be adjusted from 46.12 yuan/share to 46.02 yuan/share starting from September 25, 2024. For details, please refer to the "Announcement on the Adjustment of the Conversion Price of "Zhengchuan Convertible Bonds" Caused by Equity Distribution" disclosed by the company on September 19, 2024 (Announcement Number: 2024-044).
Due to the company's implementation of the annual equity distribution in 2024, the conversion price of "Zhengchuan Convertible Bonds" will be adjusted from 46.02 yuan/share to 45.77 yuan/share starting from May 21, 2025. For details, please refer to the "Announcement on the Adjustment of the Conversion Price of "Zhengchuan Convertible Bonds" Caused by Equity Distribution" disclosed by the company on May 15, 2025 (Announcement No.: 2025-027).
2. The current conversion situation of convertible bonds
The conversion period for the "Zhengchuan Convertible Bonds" issued by the company this time is from November 8, 2021 to April 27, 2027.
From October 1, 2025 to December 31, 2025, a total of RMB 2,000 "Zhengchuan Convertible Bonds" have been converted into company stocks, and the number of shares formed due to the conversion is 98 shares.
As of December 31, 2025, a total of RMB 172,000.00 of "Zhengchuan Convertible Bonds" had been converted into company shares, and the cumulative number of shares formed due to the conversion was 3,750 shares, accounting for 0.0025% of the company's total issued shares before the conversion of "Zhengchuan Convertible Bonds".
As of December 31, 2025, the amount of "Zhengchuan Convertible Bonds" that has not been converted into shares was RMB 404,828,000.00, accounting for 99.9575% of the total issuance of "Zhengchuan Convertible Bonds".
3. Changes in share capital
Unit: Share
Before the change The convertible bonds After the change
Share Class
(September 30, 2025) Share conversion (December 31, 2025) Restricted tradable shares 0 0 0
Circulating shares without selling restrictions 151,203,652 98 151,203,750Total share capital 151,203,652 98 151,203,750
4. Others
Contact Department: Corporate Securities Department
Contact number: 023-68349898
Announcement is hereby made.
Board of Directors of Chongqing Zhengchuan Pharmaceutical Packaging Materials Co., Ltd.
January 5, 2026