Core Viewpoint - The company announced an adjustment to the conversion price of its convertible bonds due to a cash dividend distribution, lowering the conversion price from 31.61 CNY to 31.11 CNY per share, effective June 3, 2025 [1][3]. Group 1: Announcement Details - The company’s securities will be suspended and resumed trading due to the implementation of the rights distribution [1]. - The initial conversion price of the convertible bonds was set at 32.96 CNY per share, with subsequent adjustments made in response to annual dividend distributions [1][2]. - The latest adjustment was made following the approval of a cash dividend of 5.0 CNY per 10 shares, which was resolved at the 2024 annual shareholders' meeting [1][2]. Group 2: Conversion Price Adjustment Formula - The adjustment of the conversion price is in accordance with the provisions outlined in the bond issuance prospectus, which protects the rights of convertible bondholders [2]. - The formula for adjusting the conversion price due to cash dividends is P1 = P0 - D, where P0 is the previous conversion price and D is the cash dividend per share [3]. - The adjusted conversion price was calculated as follows: P1 = 31.61 - 0.4975 = 31.11 CNY per share [3].
彤程新材: 彤程新材关于因利润分配调整可转债转股价格的公告