Xingqiu Graphite(SH:688633) Zheng Quan Zhi Xing·2025-06-23 12:48Core Viewpoint - The company announced an adjustment in the conversion price of its convertible bonds due to the repurchase and cancellation of restricted stocks, impacting the trading of its securities [1][2]. Summary by Sections 1. Securities Suspension and Resumption - The company's convertible bonds, "星球转债," will be suspended from conversion on June 24, 2025, and will resume on June 25, 2025 [1][5]. 2. Adjustment of Conversion Price - The conversion price was adjusted from 23.39 CNY/share to 23.49 CNY/share, effective from June 25, 2025 [1][4]. - The adjustment was based on the repurchase and cancellation of 1,245,580 shares of restricted stock at a repurchase price of 12.01 CNY/share [2][4]. 3. Basis for Adjustment - The adjustment follows the regulations set by the China Securities Regulatory Commission regarding changes in share capital that may affect the rights of convertible bondholders [2][4]. - The company held board meetings on April 24, 2025, to approve the repurchase and cancellation of restricted stocks due to unmet performance targets [2][3]. 4. Calculation Method for Adjustment - The conversion price adjustment formula used was P1 = (P0 + A × k) / (1 + k), where P0 is the previous conversion price, A is the repurchase price, and k is the ratio of repurchased shares to total shares [4][5]. - The calculated adjustment resulted in a new conversion price of 23.49 CNY/share [4]. 5. Additional Information - Investors seeking more details about "星球转债" can refer to the company's prospectus disclosed on July 27, 2023 [5].