Tianjin Green Turf Landscape Ecological Construction Co., Ltd. Announcement on the Conversion of Convertible Bonds in the First Quarter of 2026

MaticHoleFiller

2026-04-04 05:26:01

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Stock code: 002887 Stock abbreviation: Lvyin Ecology Announcement No.: 2026-002

Bond code: 127034 Bond abbreviation: Lvyin Convertible Bond

Tianjin Lvyin Landscape Ecology Construction Co., Ltd.

Announcement on the Convertible Bond Conversion of the First Quarter of 2026

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

Special Note:

Stock code: 002887; stock abbreviation: Lvyin Ecology

Bond code: 127034; bond abbreviation: Lvyin Convertible Bond

Conversion price: RMB 11.51 per share

Conversion period: from November 11, 2021 to April 29, 2027

In accordance with the relevant provisions of the 《Rules Governing the Listing of Stocks on the Shenzhen Stock Exchange》 and the 《Implementation Rules for the Business of Corporate Convertible Bonds on the Shenzhen Stock Exchange》, Tianjin Lvyin Landscape Ecology Construction Co., Ltd. (hereinafter referred to as the “Company”) hereby announces the Company’s conversion of its convertible bonds (hereinafter referred to as the “Convertible Bonds”) and changes in the Company’s shares for the first quarter of 2026 as follows:

I. Basic Information on the Listing of the Convertible Bonds

(I) Issuance of the Convertible Bonds

Approved by the China Securities Regulatory Commission’s “Reply on Approving the Public Issuance of Convertible Bonds by Tianjin Lvyin Landscape Ecology Construction Co., Ltd.” (CSRC License [2021] No. 197), the Company publicly issued 7.12 million convertible bonds on April 30, 2021, with a nominal value of 100 yuan per bond, and a total issuance amount of 712.00 million yuan.

(II) Listing of the Convertible Bonds

With approval from the SZSE, “SZSE Approval [2021] No. 511,” 712.00 million yuan worth of convertible bonds will be listed and traded on the SZSE starting from May 28, 2021. The bond abbreviation is “Lvyin Convertible Bond,” and the bond code is “127034.”

(III) Conversion Period of the Convertible Bonds

According to the relevant provisions of the 《Rules Governing the Listing of Stocks on the Shenzhen Stock Exchange》 and other regulations, and the 《Offering Memorandum for the Public Issuance of A-Share Convertible Bonds by Tianjin Lvyin Landscape Ecology Construction Co., Ltd.》 (hereinafter referred to as the “《Offering Memorandum》”), the conversion period for this convertible bond shall run from the first trading day after six months from the end date of issuance (May 11, 2021) until the maturity date of the convertible bonds, i.e., from November 11, 2021 to April 29, 2027.

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

Initial conversion price

The initial conversion price for the convertible bonds issued in this offering is 12.38 yuan per share, which shall not be lower than the higher of (i) the average trading price of the Company’s stock over the twenty trading days prior to the announcement date of the Offering Memorandum and (ii) the average trading price of the Company’s stock on the immediately preceding trading day. (If during those twenty trading days there were circumstances leading to stock price adjustments due to ex-rights/ex-dividends, the average trading price for the trading days before the adjustment shall be calculated using the price after adjusting for the corresponding ex-rights/ex-dividends.)

Average trading price over the twenty trading days prior = total trading amount of the Company’s stock over those twenty trading days / total trading volume of the Company’s stock over those twenty trading days;
Average trading price on the immediately preceding trading day = total trading amount of the Company’s stock on the immediately preceding trading day / total trading volume of the Company’s stock on that trading day.

Conversion price adjustment
On May 19, 2023, the Company held the 2022 annual general meeting of shareholders and approved the 《2022 Profit Distribution Proposal》. On May 25, 2023, the Company published on Juchao Information Network the 《Announcement on Adjusting the Conversion Price of the Convertible Bonds Due to the 2022 Annual Equity Distribution》 (Announcement No.: 2023-029). Effective from May 31, 2023, the conversion price of Lvyin Convertible Bond was adjusted to 12.04 yuan per share.
On May 20, 2024, the Company held the 2023 annual general meeting of shareholders and approved the 《2023 Profit Distribution Proposal》. On May 27, 2024, the Company published on Juchao Information Network the 《Announcement on Adjusting the Conversion Price of the Convertible Bonds Due to the 2023 Annual Equity Distribution》 (Announcement No.: 2024-040). Effective from May 31, 2024, the conversion price of Lvyin Convertible Bond was adjusted to 11.79 yuan per share.
On May 20, 2024, the Company held the 2023 annual general meeting of shareholders and approved the 《Proposal on Canceling Repurchased Shares and Reducing the Company’s Registered Capital》. On June 12, 2024, the Company published on Juchao Information Network the 《Announcement on Adjusting the Conversion Price of the Convertible Bonds Due to the Cancellation of Repurchased Shares》 (Announcement No.: 2024-048). Effective from June 12, 2024, the conversion price of Lvyin Convertible Bond was adjusted to 11.76 yuan per share.
On May 19, 2025, the Company held the 2024 annual general meeting of shareholders and approved the 《2024 Profit Distribution Proposal》. On May 29, 2025, the Company published on Juchao Information Network the 《Announcement on Adjusting the Conversion Price of the Convertible Bonds Due to the 2024 Annual Equity Distribution》 (Announcement No.: 2025-029). Effective from June 6, 2025, the conversion price of Lvyin Convertible Bond was adjusted to 11.51 yuan per share.

II. Conversion of “Lvyin Convertible Bond” and Changes in Shares

In the first quarter of 2026, due to conversions, the quantity decreased by 3,300 yuan (33 bonds), and the number of shares converted was 285 shares. As of March 31, 2026, the outstanding balance of the Company’s convertible bonds was 427,891,000 yuan (4,278,910 bonds). The Company’s share changes in the first quarter of 2026 are as follows:

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III. Other

If investors have any questions regarding the above contents, please call the Company’s Investor Consultation Phone for the Securities Department at 022-58357576 for consultation.

IV. Documents for Reference

The “Lvyin Ecology” share capital structure table issued by the Shenzhen Branch of China Securities Depository and Clearing Co., Ltd. as of March 31, 2026;
The “Lvyin Convertible Bond” share capital structure table issued by the Shenzhen Branch of China Securities Depository and Clearing Co., Ltd. as of March 31, 2026.

Tianjin Lvyin Landscape Ecology Construction Co., Ltd.

Board of Directors

April 2, 2026

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