上海沪工焊接集团股份有限公司关于不向下修正“沪工转债”转股价格的公告

Core Points - The company has decided not to exercise the downward adjustment of the conversion price for its convertible bonds, despite triggering the adjustment clause due to stock prices falling below 85% of the current conversion price for 15 out of 30 trading days [1][3] - The company will not propose a downward adjustment plan for the next three months, from April 19, 2025, to July 18, 2025, even if the adjustment clause is triggered again [1][3] - After July 19, 2025, if the adjustment clause is triggered again, the board will hold another meeting to decide whether to exercise the downward adjustment right [1][3] Convertible Bonds Overview - The company issued 4 million convertible bonds on July 20, 2020, with a total amount of 400 million RMB and a maturity of six years [1][2] - The initial conversion price was set at 21.32 RMB per share, which has been adjusted to 21.12 RMB and then to 21.10 RMB due to annual profit distributions [2] Stock Price Performance - The company's stock price has been affected by macroeconomic factors and market adjustments, leading to fluctuations that do not fully reflect its long-term intrinsic value [3] - The stock price fell below the adjustment threshold of 17.935 RMB per share, triggering the conversion price adjustment clause [3]