OmniVision Integrated Circuits Group(SH:603501) Zheng Quan Zhi Xing·2025-06-20 09:41Summary of Key Points Core Viewpoint - The announcement details the issuance and adjustment of the convertible bonds "韦尔转债" by Shanghai 韦尔半导体股份有限公司, including the bond's terms, adjustments to the conversion price, and the conditions under which the conversion price may be revised [1][2]. Group 1: Convertible Bond Issuance - The company has issued a total of 244 million yuan in convertible bonds, with each bond having a face value of 100 yuan and a maturity period of 6 years [1]. - The bonds were approved by the China Securities Regulatory Commission and began trading on January 22, 2021 [1]. - The initial conversion price was set at 222.83 yuan per share [1]. Group 2: Conversion Price Adjustments - The conversion price has undergone several adjustments: - From 222.83 yuan to 222.52 yuan effective June 30, 2021 [1]. - From 222.52 yuan to 164.44 yuan effective July 28, 2022 [1]. - From 164.44 yuan to 164.36 yuan effective July 31, 2023 [1]. - From 164.36 yuan to 162.80 yuan effective November 10, 2023 [1]. - From 162.80 yuan to 162.66 yuan effective August 13, 2024 [1]. - From 162.66 yuan to 162.46 yuan effective December 18, 2024 [1]. Group 3: Price Adjustment Clauses - The company has the right to propose a downward adjustment of the conversion price if the stock price falls below 85% of the current conversion price for 15 out of 30 consecutive trading days [1]. - The board has decided not to exercise this right for the upcoming 6-month periods, indicating a strategic choice to maintain the current conversion price [2].