CECWPC(SH:601016) Zheng Quan Zhi Xing·2025-05-23 11:37Core Viewpoint - The company has decided not to adjust the conversion price of its convertible bonds, "节能转债," despite meeting the conditions for a downward adjustment due to stock price performance [1][2][3] Summary by Sections 1. Convertible Bond Issuance Overview - The company issued 30 million convertible bonds on June 21, 2021, with a total value of 3 billion RMB, a term of four years at an interest rate of 1.5% for the first year, 1.8% for the second year, and 2.0% for the third year [2][3] 2. Downward Adjustment Clause and Procedure - The conversion price can be adjusted downward if the stock price is below 85% of the current conversion price for at least 15 out of 30 consecutive trading days. The current conversion price is 3.44 RMB per share [1][3][4] 3. Recent Trigger of Downward Adjustment Clause - The company has triggered the downward adjustment clause as the stock price has been below 2.92 RMB (85% of 3.44 RMB) for the required number of trading days [1][3][5] 4. Decision on Downward Adjustment - The proposal to adjust the conversion price was submitted to the 2025 first extraordinary general meeting of shareholders but was not approved. The next period for potential adjustment will start from May 26, 2025 [2][4][5]