杭氧股份: 关于不向下修正“杭氧转债”转股价格的公告

Core Viewpoint - The company has decided not to adjust the conversion price of its convertible bonds despite triggering conditions for a downward adjustment, citing confidence in its long-term development and market conditions [1][6]. Summary by Sections Convertible Bond Issuance Overview - The company issued 11.37 million convertible bonds on May 19, 2022, with a total subscription amount of less than 1.137 billion yuan [1]. - The initial conversion price was set at 28.69 yuan per share, with the conversion period from November 25, 2022, to May 18, 2028 [2]. Conversion Price Adjustment History - The conversion price was adjusted from 28.69 yuan to 28.68 yuan on December 2, 2022, due to an increase in total share capital from a stock incentive plan [2]. - Following a profit distribution, the conversion price was further adjusted to 27.88 yuan on May 8, 2023 [2]. - The price was adjusted again to 27.69 yuan on April 9, 2024, and subsequently to 25.98 yuan on June 18, 2025, after a board resolution [4][5]. Downward Adjustment Conditions - The company has established conditions for downward adjustment of the conversion price, which include a scenario where the stock price is below 85% of the current conversion price for at least 15 out of 30 consecutive trading days [5]. - If the conditions are met, the board can propose a downward adjustment, which requires a two-thirds majority approval from shareholders [5]. Decision on Downward Adjustment - As of July 8, 2025, the stock price had triggered the conditions for a downward adjustment, but the board decided not to proceed with the adjustment for the next six months, maintaining the current conversion price [6].