Securities code: 688001 Securities abbreviation: Huaxing Yuanchuang Announcement No.: 2024-065

Convertible bond code: 118003 Securities abbreviation: Huaxing convertible bond

Suzhou Huaxing Yuanchuang Technology Co., Ltd

Announcement on the 2024 annual interest payment of convertible corporate bonds

The board of directors and all directors of the company guarantee that there are no false records, misleading statements or material omissions in the content of this announcement, and assume legal responsibility for the authenticity, accuracy and completeness of its content in accordance with the law.

Important Content Notes:

●Convertible bond interest payment claim registration date: November 28, 2024

●Ex-dividend date of convertible bonds: November 29, 2024

●Interest payment date of convertible bonds: November 29, 2024

Suzhou Huaxing Yuanchuang Technology Co., Ltd. (hereinafter referred to as the "Company" or "Huaxing Yuanchuang") issued convertible corporate bonds (hereinafter referred to as "Huaxing Convertible Bonds" or "Convertible Bonds") to unspecified targets on November 29, 2021. In accordance with the relevant provisions of the Prospectus for the Issuance of Convertible Corporate Bonds by Suzhou Huaxing Yuanchuang Technology Co., Ltd. to Unspecified Targets (hereinafter referred to as the "Prospectus"), the Company will begin to pay interest for the period from November 29, 2023 to November 28, 2024 on November 29, 2024. The relevant matters are hereby announced as follows:

1. Overview of the issuance and listing of convertible bonds

(1) Basic information on the issuance of convertible bonds

Approved by the China Securities Regulatory Commission [2021] No. 3553 document to register, Suzhou Huaxing

On November 29, 2021, Yuanchuang Technology Co., Ltd. (hereinafter referred to as the "Company") issued a notice to an unspecified pair

Like the issuance of convertible corporate bonds (hereinafter referred to as the "Offering"). The total amount of convertible bonds issued this time is for the people

80,000,000 yuan, 8 million pieces in circulation, each with a face value of 100 yuan, will be issued at face value

Yes. The convertible corporate bonds issued in this offering have a maturity of six years, from 29 November 2021 to November 2027

May 28th.

(2) The basic situation of the listing of convertible bonds

According to the Shanghai Stock Exchange's Self-Regulatory Decision [2021] No. 477, the company's issuance can be

The convertible corporate bonds were listed and traded on the Shanghai Stock Exchange on December 20, 2021, and the bonds are referred to as "Hua

Xing Convertible Bonds", the bond code is "118003".

(3) The date of conversion of convertible bonds into equity and the price of the conversion of shares

In accordance with the relevant laws and regulations and the provisions of the "Prospectus", the "Huaxing Convertible Bonds" will be implemented since 2022

From June 6, it can be converted into shares of the company, and the initial conversion price is 39.33 yuan per share, the latest conversion price

is 26.19 yuan per share.

The historical adjustment of the conversion price is as follows:

Because the company's stock price triggers the downward revision of the transfer price clause stipulated in the prospectus, the shares

The General Assembly authorized the board of directors to convert the price of "Huaxing Convertible Bonds" from 39.33 yuan from June 10, 2022

The adjustment of /share is 31.00 yuan/share, for details, please refer to the "Huaxing Yuanchuang: Announcement on Downward Revision of the Convertible Bond Conversion Price" (Announcement No.: 2022-034) issued by the company on the website of the Shanghai Stock Exchange (www.sse.com.cn).

Due to the company's implementation of the 2021 equity distribution, the conversion price of "Huaxing Convertible Bonds" has been since August 5, 2022

The adjustment is 30.79 yuan per share, and the specific content is detailed in the company's Shanghai Stock Exchange on August 1, 2022

The "Huaxing Yuanchuang: Announcement on the Implementation of the 2021 Annual Equity Distribution to Adjust the Convertible Bond Conversion Price" (Announcement No.: 2022-051) disclosed on the website.

Due to the Company's 2020 restricted stock incentive plan, part of the second vesting period and reserved grant were granted for the first time

Part of the first vesting period vesting registration, the "Huaxing Convertible Bonds" conversion price will be adjusted from October 12, 2022

The whole price is 30.76 yuan per share, and the specific content is detailed in the company's Shanghai Stock Exchange website on October 11, 2022

The "Huaxing Yuanchuang: Announcement on the Adjustment of the Conversion Price of Convertible Corporate Bonds "Huaxing Convertible Bonds" (Announcement No.: 2022-075) disclosed by the station.

Due to the company's implementation of the 2022 equity distribution, the conversion price of "Huaxing Convertible Bonds" will be effective from June 15, 2023

From now on, it will be adjusted to 30.46 yuan per share, and the specific content is detailed in the company's Shanghai Stock Exchange on June 8, 2023

"Huaxing Yuanchuang: Announcement on the Implementation of the 2022 Annual Equity Distribution to Adjust the Convertible Bond Conversion Price" (Announcement No.: 2023-033) disclosed on the website of E-Exchange.

Due to the company's 2020 restricted stock incentive plan, part of the third vesting period and reserved grant were granted for the first time

Part of the vesting registration of the second vesting period, and the conversion price of "Huaxing Convertible Bonds" will be adjusted from September 28, 2023

It is 30.43 yuan per share, and the specific content is detailed on the company's website of the Shanghai Stock Exchange on September 27, 2023

Disclosure of the "Huaxing Yuanchuang: Announcement on the Adjustment of the Conversion Price of Convertible Corporate Bonds "Huaxing Convertible Bonds" (Public

Proclamation No. 2023-053).

Because the company's stock price triggers the downward revision clause of the transfer price agreed in the prospectus, the shareholders

The General Assembly authorized the Board of Directors to adjust the conversion price of "Huaxing Convertible Bonds" to 26.36 with effect from March 12, 2024

yuan/share, for details, please refer to the company's "Hua

Xingyuanchuang: Announcement on the downward revision of the "Huaxing Convertible Bonds" conversion price and the suspension of trading in the conversion (Announcement No.: 2024-013).

Due to the company's implementation of the 2023 equity distribution, the conversion price of "Huaxing Convertible Bonds" will start from June 20, 2024

From the date, it will be adjusted to 26.19 yuan per share, and the specific content is detailed in the company's Shanghai Stock Exchange on June 13, 2024

"Huaxing Yuanchuang: Announcement on the Implementation of the 2023 Annual Equity Distribution to Adjust the Conversion Price of "Huaxing Convertible Bonds" (Announcement No.: 2024-036) disclosed on the website of E-Firm.

Second, the interest payment plan

According to the relevant terms of the company's prospectus, the coupon rate of the convertible bonds issued this time is the first year

0.30%, 2nd year 0.50%, 3rd year 1.00%, 4th year 1.50%, 5th year 1.80%, 6th year 2.00%.

This interest payment is the third year of interest payment of "Huaxing Convertible Bonds", and the interest calculation period is from November 29, 2023 to 2024

Nov. 28. The coupon rate for this interest-bearing year is 1.00% (tax included), that is, the amount of interest exchanged for each lot of "Huaxing Convertible Bonds" (face value of RMB 1,000) is RMB 10 (tax included).

3. The date of registration, ex-dividend and redemption of interest-paying claims

1. Registration date of interest payment claims on convertible bonds: November 28, 2024

2. Ex-dividend date of convertible bonds: November 29, 2024

3. Convertible bond redemption date: November 29, 2024

Fourth, the object of this interest payment

The interest payment will be made on the China Securities Exchange after the close of trading on the Shanghai Stock Exchange on November 28, 2024

All holders of "Huaxing Convertible Bonds" registered in Shanghai Branch of Securities Registration and Clearing Co., Ltd.

5. Interest payment method

1. The Company signed an agreement with China Securities Depository and Clearing Corporation Shanghai Branch to entrust the bond redemption and interest redemption agreement, and entrusted the China Securities Depository and Clearing Corporation Shanghai Branch to carry out bond redemption and interest redemption. If the Company fails to transfer the bond redemption and interest redemption funds to China Securities Depository and Clearing Co., Ltd. on time and in full

If the bank account designated by the Shanghai Branch of the Company is appointed, the Shanghai Branch of China Securities Depository and Clearing Corporation Limited will terminate the entrusted agent bond redemption and interest redemption services in accordance with the agreement, and the subsequent payment and interest redemption shall be handled by the Company itself, and the relevant implementation matters shall be subject to the Company's announcement. The company will pay the interest of the current bond in full to the bank account designated by China Securities Depository and Clearing Corporation Shanghai Branch 2 trading days before the current interest redemption date.

2. After receiving the payment, China Securities Depository and Clearing Corporation Shanghai Branch will transfer the bond interest to the corresponding redemption institution (securities company or other institutions recognized by China Securities Depository and Clearing Corporation Shanghai Branch) through the fund settlement system, and the investor will receive the bond interest from the redemption institution.

6. Explanation on the payment of income tax on corporate bond interest by investors

1. According to the provisions of the Individual Income Tax Law of the People's Republic of China and other relevant tax regulations and documents, individual investors of the company's convertible bonds (including securities investment funds) shall pay the income tax on individual interest income from bonds, and the tax rate is 20% of the interest amount, that is, the interest redemption amount of each convertible bond with a face value of RMB 100 is RMB 1.00 (before tax), and the actual interest payment is RMB 0.80 (after tax). The individual income tax on the interest on convertible bonds will be withheld and paid directly to the tax authorities where each redemption agency is located. If the interest-paying outlets fail to fulfill the withholding and payment obligations of the above-mentioned individual income tax on bond interest, the legal liabilities arising therefrom shall be borne by the interest-paying outlets.

2. According to the Enterprise Income Tax Law of the People's Republic of China and other relevant tax regulations and documents, for resident enterprises holding convertible bonds, the bond interest income tax shall be paid by themselves, that is, the actual distribution amount of each convertible bond with a face value of RMB 100 is RMB 1.00 (tax included).

3. For non-resident enterprises such as qualified foreign institutional investors and RMB foreign institutional investors who hold convertible bonds, according to the Notice of the Ministry of Finance and the State Administration of Taxation on the Enterprise Income Tax and Value-Added Tax Policies for Overseas Institutions Investing in the Domestic Bond Market (Cai Shui 2018 [No. 108]) and the Announcement of the Ministry of Finance and the State Administration of Taxation on Extending the Enterprise Income Tax and Value-Added Tax Policies for Overseas Institutions Investing in the Domestic Bond Market (No. 34 [2021])

It stipulates that from 7 November 2018 to 31 December 2025, foreign institutions will invest in onshore bonds

The interest income from bonds obtained in the securities market is temporarily exempt from corporate income tax and value-added tax. Therefore, the interest on the current bonds received by non-resident enterprises (including QFII and RQFII) bondholders is exempt from corporate income tax, i.e. the actual distribution amount of each RMB 100 convertible bond is RMB 1.00 (tax included). The scope of the above-mentioned temporary exemption from enterprise income tax does not include the interest on bonds obtained by overseas institutions and venues established in China that have actual connections with such institutions or venues.

7. Relevant institutions and contact information

1. Issuer: Suzhou Huaxing Yuanchuang Technology Co., Ltd

Address: No. 8, Qingqiu Lane, Suzhou Industrial Park

Contact: Office of the Board of Directors

Contact number: 0512-88168694

2. Sponsor: Huatai United Securities Co., Ltd

Address: 401, Building B7, Qianhai Shenzhen-Hong Kong Fund Town, No. 128, Guiwan 5th Road, Nanshan Street, Qianhai Shenzhen-Hong Kong Cooperation Zone, Shenzhen

Sponsor representatives: Li Wei, Zhang Pengfei

Phone: 025-83387759

3. Custodian: China Securities Depository and Clearing Corporation Shanghai Branch

Address: No. 188, Yanggao South Road, Pudong New Area, Shanghai

Contact number: 4008058058

The announcement is hereby made.

Board of Directors of Suzhou Huaxing Yuanchuang Technology Co., Ltd

November 23, 2024