盛航股份: 关于盛航转债2025年第一季度转股情况的公告

Core Viewpoint - Nanjing Shenghang Shipping Co., Ltd. announced the conversion situation of its convertible bonds for the first quarter of 2025, detailing the issuance, listing, conversion terms, and adjustments of the "Shenghang Convertible Bonds" [1][2][3]. Group 1: Convertible Bond Issuance and Listing - The company issued 7,400,000 convertible bonds with a total fundraising amount of RMB 74 million, approved by the China Securities Regulatory Commission [1]. - The bonds were listed on the Shenzhen Stock Exchange on December 28, 2023, under the name "Shenghang Convertible Bonds" and code "127099" [2]. Group 2: Conversion Terms and Price Adjustments - The conversion period for the bonds is from June 12, 2024, to December 5, 2029, with an initial conversion price set at RMB 19.15 per share [2]. - The board decided not to adjust the conversion price downwards despite triggering conditions in early 2024, maintaining the price for a six-month period [3]. - The conversion price was adjusted to RMB 19.03 per share effective June 4, 2024, and further adjusted to RMB 19.11 per share in July 2024 due to stock buybacks [4][5]. - In September 2024, the conversion price was further reduced to RMB 15.60 per share, effective from September 10, 2024, following another triggering event [5]. Group 3: Conversion Status - As of March 31, 2025, the company had 4,540,733 convertible bonds remaining, with a total face value of RMB 454,073,300 [5]. - The total number of shares increased by 1,800 due to the conversion, resulting in a total share count of 188,003,136 [5].