Your player wants MicroDVD SUB captions, which are frame-indexed rather than timecoded. The SRT to SUB Converter maps each SRT cue onto {startFrame}{endFrame}text lines, using your FPS to translate milliseconds into frame numbers.
Multi-line SRT cues are joined with the | separator so each subtitle sits on one MicroDVD line. A {1}{1}fps header is added by default so players know the rate; you can disable it. Pick the frame rate that matches the video and export your .sub.