Core Viewpoint - The company proposes to adjust the conversion price of its convertible bonds due to the stock price falling below a certain threshold, aiming to enhance the investment value of the bonds and protect the interests of bondholders [1][9]. Group 1: Convertible Bond Basic Information - The company issued 6.5 million convertible bonds with a total value of 650 million yuan, with a maturity of 6 years starting from July 3, 2020 [1][2]. - The initial conversion price was set at 29.82 yuan per share, with subsequent adjustments made over time [2][3]. Group 2: Conversion Price Adjustments - The conversion price has been adjusted multiple times: from 29.82 yuan to 29.55 yuan on April 30, 2021, then to 29.22 yuan on May 16, 2022, and further down to 29.00 yuan on June 5, 2023 [2][3][4]. - The latest adjustment proposed is from 28.78 yuan to 28.65 yuan, effective from November 11, 2024 [5]. Group 3: Trigger for Price Adjustment - The company has triggered the downward adjustment clause for the conversion price as the stock price has been below 85% of the current conversion price for 15 out of the last 30 trading days [1][6][9]. - The proposed adjustment will require approval from shareholders, needing a two-thirds majority vote [7][9]. Group 4: Shareholder Meeting and Voting - The board of directors will submit the proposal for the conversion price adjustment to the shareholders' meeting, where bondholders must abstain from voting [7][9]. - The adjusted conversion price must not be lower than the higher of the average stock price over the last 20 trading days or the last trading day before the meeting [9]. Group 5: Additional Information - The conversion period for the bonds is from January 4, 2021, to June 28, 2026, and the company encourages investors to be aware of investment risks [10].
瑞达期货: 关于董事会提议向下修正“瑞达转债”转股价格的公告