SDF(SH:605006) Zheng Quan Zhi Xing·2025-08-12 16:13Core Viewpoint - Shandong Glass Fiber Group Co., Ltd. announced that it will not propose a downward adjustment of the conversion price for its convertible bonds, "Shanbo Convertible Bonds," during the three-month period from April 30, 2025, to July 29, 2025, despite the possibility of triggering conditions for such an adjustment [1][6]. Summary by Sections Convertible Bond Issuance Overview - The company issued 6 million convertible bonds with a total amount of RMB 600 million, each with a face value of RMB 100, approved by the China Securities Regulatory Commission on November 8, 2021 [2]. - The bonds began trading on the Shanghai Stock Exchange on December 6, 2021, under the name "Shanbo Convertible Bonds" and code "111001" [2]. Conversion Price Adjustment History - The conversion price was adjusted from RMB 13.91 to RMB 11.50 per share effective May 10, 2022, due to the company's annual equity distribution [2]. - Subsequent adjustments were made, with the conversion price set at RMB 11.23 per share starting May 25, 2023, and further adjustments to RMB 11.13 and RMB 11.12 per share due to stock incentive plans [3][4]. Downward Adjustment Conditions - The company’s board has the authority to propose a downward adjustment of the conversion price if the stock price closes below 85% of the current conversion price for at least 15 out of 30 consecutive trading days [5]. - The adjusted conversion price must not be lower than the higher of the average stock price over the 20 trading days prior to the shareholders' meeting and the latest audited net asset value per share [5]. Current Situation and Future Considerations - As of the board meeting on April 29, 2025, the company decided not to propose a downward adjustment for the conversion price during the specified three-month period, with a reassessment to occur after July 30, 2025 [1][6]. - There is a possibility of triggering the downward adjustment conditions if the stock price remains below RMB 9.41 per share during the specified trading days [1][6].