洽洽食品: 洽洽食品股份有限公司关于不向下修正“洽洽转债”转股价格的公告

Core Viewpoint - The company has decided not to lower the conversion price of its convertible bonds, despite the stock price being below 85% of the current conversion price for a specified period, reflecting confidence in its future development and intrinsic value [1][6][7] Summary by Sections Convertible Bond Issuance Overview - The company issued a total of 1.34 billion yuan in convertible bonds, with a six-year term, approved by the China Securities Regulatory Commission [1] - The bonds began trading on November 18, 2020, under the name "Qiaqia Convertible Bonds" with the code "128135" [1] Conversion Period and Price Adjustments - The conversion period for the bonds started on April 26, 2021, and will last until the maturity date on October 19, 2026 [2] - The initial conversion price was adjusted from 60.83 yuan/share to 60.03 yuan/share on June 11, 2021, following a cash dividend distribution [2] - Subsequent adjustments were made due to annual dividend distributions, with the conversion price reaching 58.18 yuan/share on June 20, 2023, and further adjustments planned for 2024 [3][4] Downward Price Adjustment Clause - The company has a clause allowing for the conversion price to be lowered if the stock price is below 85% of the conversion price for at least 15 out of 30 consecutive trading days [5] - Any proposed adjustments must be approved by a two-thirds majority of shareholders present at the meeting [5] Decision on Not Lowering Conversion Price - The board of directors decided not to lower the conversion price despite the stock price triggering the adjustment condition, citing confidence in the company's future [6][7] - The period for potential future adjustments will restart from January 28, 2026, if the conditions are met again [7]