Key Points - The company announced a downward adjustment of the conversion price for the "Tian 23 Convertible Bond" from 25.00 CNY/share to 16.00 CNY/share, effective from August 18, 2025 [4][5] - The initial conversion price was set at 69.69 CNY/share, which was adjusted multiple times due to various corporate actions, including stock incentive plans and dividend distributions [2][3] - The adjustment was triggered as the company's stock price fell below 85% of the current conversion price for at least 15 trading days within a 30-day period [5] - The company held several board meetings and a shareholder meeting to approve the downward adjustment of the conversion price, ensuring compliance with the terms outlined in the prospectus [5][6] - The adjusted conversion price must not be lower than the average trading price of the company's A-shares over the 20 trading days prior to the shareholder meeting [5]
天合光能: 天合光能股份有限公司关于向下修正“天23转债”转股价格暨转股停牌的公告