新疆天业: 新疆天业股份有限公司关于提议向下修正“天业转债”转股价格的公告

Core Viewpoint - The company proposes to lower the conversion price of its convertible bonds due to the stock price falling below a certain threshold for a specified period, which requires shareholder approval for implementation [2][5]. Group 1: Convertible Bond Overview - The company issued 300 million yuan of convertible bonds, known as "Tianye Convertible Bonds," which began trading on July 19, 2022 [2]. - The initial conversion price was set at 6.90 yuan per share, which has been adjusted to 6.78 yuan per share as of June 19, 2023 [3][4]. Group 2: Price Adjustment Mechanism - The conversion price can be adjusted downwards if the stock price closes below 85% of the current conversion price for at least 15 out of 30 consecutive trading days [3][4]. - The adjusted conversion price must not be lower than the higher of the average stock price over the 20 trading days prior to the shareholder meeting and the most recent audited net asset value per share [5]. Group 3: Board Proposal and Shareholder Meeting - The board of directors has approved a proposal to lower the conversion price, which will be submitted for approval at the upcoming shareholder meeting [5]. - If the average stock price indicators exceed the current conversion price at the time of the shareholder meeting, no adjustment will be made [5].