Core Viewpoint - The company announced that it will not adjust the conversion price of its convertible bonds or the upper limit for share repurchase following the 2024 annual equity distribution, maintaining the conversion price at 2.72 CNY per share and the repurchase price limit at 2.73 CNY per share [1][4]. Group 1: Convertible Bonds - The company issued 14,847,200 convertible bonds on June 20, 2022, with a conversion price set at 2.72 CNY per share [1]. - The conversion price will not be adjusted despite the equity distribution, as the impact on the conversion price is minimal [3][4]. - The company will follow specific formulas for adjusting the conversion price in future scenarios involving stock dividends, capital increases, or cash dividends [2]. Group 2: Share Repurchase - The company plans to repurchase shares with a total fund of no less than 100 million CNY and no more than 200 million CNY, with a maximum repurchase price of 2.73 CNY per share [4][5]. - The repurchase will be used for employee stock ownership plans or equity incentives, and the implementation period is within 12 months from the approval date [4]. - Similar to the convertible bonds, the upper limit for the repurchase price will not be adjusted due to the minimal impact from the equity distribution [5].
通裕重工: 关于不调整可转债转股价格及回购股份价格上限的公告