Shanghai Hugong: "Hugong convertible bonds" can be sold back at a price of 101.25 yuan per bond.

Shanghai HuGong announced that the company's 2025 second extraordinary general meeting of shareholders and the 2025 first bondholder meeting of "HuGong Convertible Bonds" approved the termination of part of the investment projects and the permanent replenishment of the remaining raised funds as working capital. The additional put option for "HuGong Convertible Bonds" has taken effect, with a put price of 101.25 yuan per bond. The put period is from December 30, 2025 to January 7, 2026, the put fund distribution date is January 12, 2026, and during the put period, the conversion of "HuGong Convertible Bonds" is suspended. Bondholders can choose to put some or all of the unconverted bonds, and this put option is not mandatory. As of the last trading day before the announcement, if the closing price of "HuGong Convertible Bonds" is higher than the put price, putting them may result in losses.