Core Viewpoint - The company has announced adjustments to the conversion price of its convertible bonds, "威唐转债," based on various corporate actions such as stock dividends, capital increases, and cash dividends [1][2][3]. Summary by Sections 1. Basis for Conversion Price Adjustment - The conversion price of "威唐转债" will be adjusted according to specific formulas when the company undergoes changes in its share capital or shareholder equity [1][2]. 2. Historical Adjustments of Conversion Price - On May 28, 2021, the conversion price was adjusted from 20.75 CNY/share to 20.72 CNY/share following a cash dividend distribution of 0.30 CNY per 10 shares [2]. - On July 1, 2022, the conversion price was adjusted due to another cash dividend distribution, with the new price effective from that date [3]. - On June 2, 2023, the conversion price was adjusted again due to a cash dividend distribution, with the new price effective from that date [3]. - On December 27, 2023, following a new stock issuance, the conversion price was adjusted from 20.62 CNY/share to 20.30 CNY/share [4]. - The conversion price was further adjusted to 20.28 CNY/share due to the 2023 profit distribution, effective from June 7, 2024 [5]. - Another adjustment occurred on September 13, 2024, lowering the conversion price to 20.25 CNY/share due to the 2024 semi-annual profit distribution [5]. - On November 1, 2024, the conversion price was significantly reduced to 15.00 CNY/share following a downward revision approved by the board [6]. - The conversion price was adjusted to 14.97 CNY/share due to the 2024 profit distribution, effective from June 9, 2025 [7]. 3. Reason and Result of Recent Adjustment - The recent adjustment of the conversion price is due to the completion of the repurchase and cancellation of 462,500 shares, which represents a 0.26% reduction in the total share capital [8]. - The new conversion price will be set at 14.99 CNY/share, effective from July 21, 2025, and this adjustment does not require a suspension of conversions [8].
威唐工业: 关于回购股份注销完成调整可转债转股价格的公告