QIFAN(SH:605222) Shang Hai Zheng Quan Bao·2025-04-06 18:25Core Viewpoint - The company announces that the "Qifan Convertible Bond" is expected to trigger conditions for a downward adjustment of the conversion price due to the stock price being below 85% of the conversion price for ten consecutive trading days [2][7]. Group 1: Convertible Bond Issuance and Listing - The company issued 10 million convertible bonds with a total value of 1 billion yuan, approved by the China Securities Regulatory Commission on May 24, 2021 [3]. - The bonds were listed on the Shanghai Stock Exchange on June 17, 2021, under the name "Qifan Convertible Bond" and code "111000" [4]. Group 2: Conversion Price Adjustment - The initial conversion price was set at 20.53 yuan per share, which has been adjusted multiple times due to corporate actions, with the latest price being 19.59 yuan per share effective from June 18, 2024 [5][6][7]. - The conversion price adjustments were made following the implementation of profit distributions and stock incentive plans [5][6][7]. Group 3: Trigger Conditions for Price Adjustment - The period for triggering the downward adjustment of the conversion price starts from March 18, 2025, to April 3, 2025, during which the stock price must be below 85% of the conversion price for at least fifteen out of thirty consecutive trading days [2][7]. - The board of directors will decide whether to exercise the downward adjustment right on the day the conditions are triggered [2][7].