恒逸石化: 关于“恒逸转2”转股价格调整的公告

Basic Information - Hengyi Petrochemical Co., Ltd. issued the convertible bond "Hengyi Zhuan 2" on July 21, 2022, which began trading on August 18, 2022, under the bond code "127067" [1] - The conversion price of the convertible bond was adjusted from 10.50 CNY/share to 10.41 CNY/share due to the annual equity distribution in 2023, and further adjustments were made for the 2024 annual equity distribution [1] Conversion Price Adjustment - The adjustment of the conversion price is based on the regulations of the Shenzhen Stock Exchange and the company's fundraising prospectus, which stipulates that the conversion price will be adjusted in response to changes in the company's stock due to stock dividends, capital increases, new share issuances, or cash dividends [2] - The formula for adjusting the conversion price is provided, detailing how to calculate the new price based on various factors such as stock dividends, new share prices, and cash dividends [2][3] Recent Developments - On April 28, 2025, the company held board and supervisory meetings, and on May 15, 2025, it convened the annual general meeting to approve the change in the purpose of the second phase of share repurchase from "for employee stock ownership plans or equity incentives" to "for cancellation and reduction of registered capital" [2] - The company plans to cancel 63,703,752 shares from its repurchase account, with the cancellation confirmed by the China Securities Depository and Clearing Corporation on July 9, 2025 [2] New Conversion Price - Following the share repurchase and cancellation, the conversion price of "Hengyi Zhuan 2" will be adjusted to 10.37 CNY/share, calculated using the provided formula [4][5] - The adjustment reflects the previous conversion price of 10.36 CNY/share, the average transaction price of the repurchased shares at 9.79 CNY/share, and the proportion of shares canceled [5]