CNANO(SH:688116) Zheng Quan Zhi Xing·2025-05-19 09:54Core Viewpoint - The company, Jiangsu Tiannai Technology Co., Ltd., has announced an adjustment to the conversion price of its convertible bonds, "Tiannai Convertible Bonds," due to an increase in its total share capital following a specific stock issuance [1][2]. Summary by Sections Convertible Bond Price Adjustment - The conversion price before adjustment was 103.18 CNY per share, and it has been adjusted to 99.26 CNY per share, effective from May 21, 2025 [1][4]. - The adjustment was necessitated by the issuance of 21,674,342 new shares, increasing the total share capital from 344,741,494 shares to 366,415,836 shares [1][4]. Basis for Adjustment - The adjustment is in accordance with the regulations set forth by the China Securities Regulatory Commission regarding convertible bonds and the company's offering prospectus [2][3]. - The board of directors approved the adjustment on May 19, 2025, during the 20th meeting of the third board session [2]. Calculation of Adjustment - The new conversion price was calculated using the formula for adjusting the conversion price based on the issuance of new shares, resulting in a conversion price of 99.26 CNY per share [4]. - The calculation involved the previous conversion price (P0), the new share price (A), and the new share issuance rate (k), leading to the adjusted price (P1) [4].