WINGTECH(SH:600745) Shang Hai Zheng Quan Bao·2025-08-14 19:48Core Viewpoint - The company announces that the conditions for the adjustment of the conversion price of its convertible bonds, "Wentai Convertible Bonds," are expected to be met starting from August 1, 2025, due to the stock price being below the threshold for a specified period [1][7]. Group 1: Convertible Bond Issuance Overview - The company issued 86 billion RMB worth of convertible bonds on July 28, 2021, with a total of 8.6 million bonds at a face value of 100 RMB each [2][3]. - The coupon rates for the bonds are structured to increase over the years, starting from 0.10% in the first year to 2.00% in the sixth year, with a redemption price of 108 RMB [2][3]. Group 2: Conversion Price Adjustment Terms - The conversion price can be adjusted downwards if the stock price is below 85% of the current conversion price for at least 15 out of 30 consecutive trading days [5][6]. - The adjustment requires approval from two-thirds of the voting rights at a shareholders' meeting, excluding bondholders from voting [5]. Group 3: Expected Trigger for Price Adjustment - The potential trigger for the conversion price adjustment will occur if, from August 1 to August 14, 2025, the stock price remains below 85% of the current conversion price of 43.60 RMB for 10 out of 30 trading days [7]. - Upon triggering the conditions, the company must convene a board meeting to decide on the adjustment and disclose the decision the next trading day [7].