BEIJING TELESOUND ELECTRONICS CO.(SZ:003004) Shang Hai Zheng Quan Bao·2025-08-13 18:46Core Viewpoint - The company, Beijing Sound Xun Electronics Co., Ltd., is expected to trigger a downward adjustment of the conversion price for its convertible bonds due to the stock price falling below a specified threshold for ten consecutive trading days [2][10]. Group 1: Convertible Bond Information - The company issued 2.8 million convertible bonds with a total value of 280 million yuan, approved by the China Securities Regulatory Commission [3]. - The bonds were listed on the Shenzhen Stock Exchange on February 10, 2023, under the name "Sound Xun Convertible Bonds" with the code 127080 [4]. - The initial conversion price was set at 29.34 yuan per share, which has been adjusted to 28.94 yuan per share following profit distribution decisions [6][7]. Group 2: Conversion Price Adjustment Conditions - The conversion price can be adjusted downward if the stock price closes below 85% of the current conversion price for at least 15 out of 30 consecutive trading days [8]. - The current conversion price threshold for triggering this adjustment is 24.60 yuan per share, based on the recent stock performance [10]. Group 3: Future Procedures - If the conditions for adjustment are met, the company will follow the necessary procedures for shareholder approval and disclose the details in accordance with regulatory guidelines [10]. - The adjusted conversion price will take effect from the first trading day after the adjustment decision is made [10].