MACMIC(SH:688711) Zheng Quan Zhi Xing·2025-08-13 16:23Core Viewpoint - Jiangsu Hongwei Technology Co., Ltd. announced the adjustment of the conversion price for its convertible bonds due to the completion of the second vesting period of its 2022 restricted stock incentive plan, resulting in a new conversion price of 28.51 yuan per share, effective from August 15, 2025 [1][5]. Group 1: Securities Suspension and Resumption - The company's convertible bonds will undergo a suspension of conversion starting from August 14, 2025, and will resume conversion on August 15, 2025 [1][5]. - The previous conversion price was 28.52 yuan per share, which has been adjusted to 28.51 yuan per share [1][5]. Group 2: Basis for Conversion Price Adjustment - The adjustment of the conversion price is based on the completion of the registration of shares for the second vesting period of the restricted stock incentive plan, where 197,456 shares were granted to 59 incentive recipients [1][4]. - The total share capital increased from 212,884,185 shares to 213,081,641 shares due to this issuance [4]. Group 3: Calculation of Conversion Price Adjustment - The conversion price adjustment formula used is P1 = (P0 + A × k) / (1 + k), where P0 is the previous conversion price, A is the new share issuance price, and k is the new share issuance rate [2][4]. - The new share issuance rate is calculated as 0.0928% (197,456 shares / 212,884,185 shares) [4]. Group 4: Additional Information - Investors seeking more details about the convertible bonds can refer to the company's prospectus disclosed on July 21, 2023 [5].