Stock code: 688599 Stock short name: Trine Bulletin No.: 2023-031

Convertible Bond Code: 118031 Convertible Bond Short for: Day 23 Convertible Bond

Trine Light Energy Co., Ltd.

About the "Day 23 convertible bonds" is expected to meet the conversion price revision conditions.

suggestive announcement

the company's board of directors and all directors to ensure that the contents of this announcement does not exist any false records, misleading statements or major omissions, and the authenticity, accuracy and completeness of the contents of the legal responsibility.

Overview of the issuance and listing of 1. convertible bonds

With the approval of China Securities Regulatory Commission [2023] No. 157, the company was registered.

On February 13, 2023, 88.64751 million convertible corporate bonds were issued to non-specific objects, each face.

It is worth 100 yuan and the total amount issued is 8,864.751 million yuan. The issuance method is adopted to the company on the equity registration date.

(February 10, T-1, 2023) After the close of the market, the original shareholder registered in China Clearing Shanghai Branch is excellent.

First allotment, the balance after the original shareholder's priority allotment (including the original shareholder's waiver of priority allotment) is sold to public investors online through the Shanghai Stock Exchange trading system, and the balance is all underwritten by the sponsor (lead underwriter).

With the consent of the Shanghai Stock Exchange's Self-Regulatory Decision ([2023] No. 33), the Company

8,864.751 million yuan convertible corporate bonds will be listed on the Shanghai Stock Exchange from March 15, 2023

Transaction, bond referred to as "Day 23 Convertible Bond", bond code "118031".

In accordance with the relevant provisions and the "Prospectus for the Issuance of Convertible Bonds to Unspecified Objects" (hereinafter referred to as the "Prospectus"), the Company's convertible

The conversion period of corporate bonds is from August 17, 2023 to February 12, 2029, convertible corporate bonds.

The initial conversion price is 69.69 yuan/share and the current conversion price is 69.69 yuan/share.

2. convertible bond conversion price amendment clauses and possible triggers

(I) Conversion Price Downward Amendment Clause

According to the Prospectus, the terms of the downward revision of the conversion price of the "Tian 23 Convertible Bonds" are as follows:

1. Amendment authority and amendment range

During the duration of the convertible bonds issued, when the closing price of the Company's A shares on at least 15 of any 30 consecutive trading days is lower than 85% of the current conversion price, the Board of Directors of the Company has the right to propose a downward revision of the conversion price and submit it to the Company's general meeting of shareholders for consideration and voting.

The above plan shall be approved by more than 2/3 of the voting rights held by the shareholders present at the meeting. When voting at the general meeting of shareholders, the shareholders holding the convertible corporate bonds issued this time shall recuse themselves. The revised conversion price shall not be lower than the average trading price of the Company's A- shares on the twenty trading days prior to the date of the shareholders' meeting and the average trading price of the Company's A- shares on the previous trading day.

If a conversion price adjustment has occurred within the aforementioned thirty trading days, the conversion price and closing price will be calculated on the trading day prior to the conversion price adjustment date, and on the trading day after the conversion price adjustment date, the adjusted conversion price and closing price will be calculated.

2. Amendment procedure

If the company decides to revise the conversion price downward, the company will be on the Shanghai Stock Exchange website.

(www.sse.com.cn) or other information disclosure media of listed companies designated by the CSRC to publish relevant announcements, such as the extent of the amendment, the date of registration of shares and the period of suspension of conversion (if necessary). From the first trading day after the equity registration date (I. e., the conversion price revision date), the resumption of the conversion application and the execution of the revised conversion price will begin. If the date of revision of the conversion price is on or after the date of application for conversion and before the date of registration of the converted shares, the application for such conversion shall be executed at the revised conversion price.

The expected trigger of the (II) conversion price amendment clause.

From March 27, 2023 to April 10, 2023, the company's shares have closed for ten trading days.

The price is less than 85% of the current conversion price. If the closing price of the Company's shares continues to be lower than 85% of the current conversion price for five of the next twenty trading days, the conversion price amendment clause of the "Day 23 Convertible Bonds" may be triggered.

3. Risk Alert

The Company will, in accordance with the provisions of the Prospectus and the requirements of relevant laws and regulations, determine whether to revise the conversion price after triggering the conversion price revision conditions of the "Tian 23 Convertible Bonds", and fulfill its information disclosure obligations in a timely manner.

Please the majority of investors concerned about the company's follow-up announcement, pay attention to investment risks.

It is hereby announced.

Board of Directors of TRA

April 11, 2023