Core Viewpoint - The company announces that the conversion price of its convertible bonds, "Mingxin Convertible Bonds," may be subject to downward adjustment due to the stock price falling below a certain threshold for a specified period [1][4]. Summary by Sections Convertible Bond Issuance Overview - The company issued 673,000 convertible bonds on March 30, 2022, with a total amount of 673 million yuan and a maturity of 6 years. The initial coupon rates range from 0.40% in the first year to 3.00% in the sixth year [1][2]. Conversion Price Adjustment Conditions - The initial conversion price was set at 24.81 yuan per share, which has been adjusted to 24.41 yuan per share due to previous profit distribution plans [2][3]. - The conversion price can be adjusted downward if the stock price remains below 85% of the current conversion price for at least 15 out of 30 consecutive trading days [3]. Expected Trigger for Price Adjustment - From May 31, 2025, to June 16, 2025, the company's stock price has been below 20.75 yuan (85% of 24.41 yuan) for ten trading days. If the stock price continues to be below this threshold for five out of the next twenty trading days, it may trigger the downward adjustment of the conversion price [1][4].
明新旭腾: 明新旭腾关于“明新转债”预计满足转股价格修正条件的提示性公告