CNANO(SH:688116) Zheng Quan Zhi Xing·2025-06-27 16:25Group 1 - The company issued a total of 8.3 million convertible bonds named "Tian Nai Convertible Bonds" on January 27, 2022, with a face value of 100 RMB each, raising a total of 830 million RMB [1] - The initial conversion price for the "Tian Nai Convertible Bonds" was set at 153.67 RMB per share, which was adjusted to 153.60 RMB per share on July 5, 2022, due to the company's annual equity distribution plan [2] - The conversion price was further adjusted to 153.43 RMB per share on December 21, 2022, and subsequently to 103.80 RMB per share on July 7, 2023, following another equity distribution [3][4] Group 2 - The conversion price was adjusted to 103.75 RMB per share on September 28, 2023, and will be adjusted to 103.52 RMB per share on January 17, 2024, due to the completion of stock incentive plans [4][5] - The conversion price will be adjusted to 103.22 RMB per share on June 27, 2024, following the 2023 annual equity distribution plan [4][6] - The company has a provision in the bond issuance that allows for the conversion price to be adjusted downwards if the stock price falls below 85% of the current conversion price for at least 15 out of 30 consecutive trading days [6][7] Group 3 - As of June 14, 2025, if the stock price continues to remain below 85% of the current conversion price for five out of the next twenty trading days, it may trigger the downward adjustment of the conversion price for the "Tian Nai Convertible Bonds" [7][8]