洪城环境: 江西洪城环境股份有限公司关于“洪城转债”转股价格调整暨转股复牌的公告

Core Viewpoint - The company announced an adjustment to the conversion price of its convertible bonds, "Hongcheng Convertible Bonds," reducing it from 5.34 CNY per share to 4.88 CNY per share, effective from July 4, 2025 [1][5]. Group 1: Convertible Bond Details - The initial conversion price was set at 5.34 CNY per share, which has now been adjusted to 4.88 CNY per share [1][5]. - The adjustment is based on the company's 2024 profit distribution plan, which includes a cash dividend of 0.464 CNY per share [3][5]. - The "Hongcheng Convertible Bonds" were issued on November 20, 2020, with a total amount of 1.8 billion CNY [1][4]. Group 2: Adjustment Basis and Formula - The adjustment of the conversion price is in accordance with the terms outlined in the bond issuance prospectus, which allows for price adjustments in the event of cash dividends or changes in share capital [4][5]. - The formula used for the adjustment is P1 = P0 - D, where P0 is the previous conversion price and D is the cash dividend per share [5]. - The conversion rights will be suspended from June 26, 2025, to July 3, 2025, and will resume on July 4, 2025, the ex-dividend date [5].