Core Points - The company issued convertible bonds totaling RMB 294.35 million, with an initial conversion price of RMB 24.95 per share, which has been adjusted to RMB 24.35 due to annual equity distributions [1][2] Group 1: Convertible Bond Details - The convertible bonds were approved by the China Securities Regulatory Commission and are set to be listed on the Shenzhen Stock Exchange [1] - The conversion period for the bonds is from April 10, 2023, to September 26, 2028 [2] - The conversion price has been adjusted twice due to annual equity distributions, first to RMB 24.45 on May 30, 2023, and then to RMB 24.35 on June 19, 2024 [2] Group 2: Price Adjustment Mechanism - The company has a mechanism for downward adjustment of the conversion price if the stock price falls below 90% of the current conversion price for at least 15 out of 30 consecutive trading days [3] - Any proposed adjustment must be approved by at least two-thirds of the voting rights at a shareholders' meeting, excluding bondholders from voting [3] Group 3: Potential Trigger for Price Adjustment - There is a potential trigger for a downward adjustment of the conversion price, as the stock price has been below RMB 21.915 (90% of the current conversion price) for at least 10 trading days within a 30-day period [5] - The company is required to hold a board meeting to decide on the adjustment and disclose the decision the next trading day [5] Group 4: Additional Information - Investors can refer to the company's prospectus for detailed terms regarding the convertible bonds, which was disclosed on September 23, 2022 [5]
崧盛股份: 关于崧盛转债预计触发转股价格向下修正条件的提示性公告