CAPOL(SZ:002949) Zheng Quan Zhi Xing·2025-08-15 16:36Core Viewpoint - The company proposes to lower the conversion price of its convertible bonds due to the stock price falling below 85% of the current conversion price for at least 15 trading days within a 30-day period [1][5][6] Group 1: Convertible Bond Basic Information - The company issued convertible bonds with a total amount of RMB 450 million, net proceeds of RMB 441.07 million, and an initial conversion price of RMB 25.79 per share [1][2] - The conversion period for the bonds is from February 5, 2021, to July 29, 2026 [2] Group 2: Conversion Price Adjustment History - The conversion price was adjusted from RMB 25.79 to RMB 25.39 on May 25, 2021, and then to RMB 25.09 on May 20, 2022, following profit distribution plans [2][3] - The conversion price was further adjusted to RMB 24.79 on May 23, 2023, and is proposed to be lowered to RMB 23.99 on May 8, 2024 [3][4] Group 3: Downward Adjustment Clause - The company can propose a downward adjustment of the conversion price if the stock price falls below 85% of the current conversion price for at least 15 trading days within a 30-day period [4][5] - The adjustment requires approval from two-thirds of the voting rights at the shareholders' meeting, excluding bondholders from voting [5][6] Group 4: Proposal for Downward Adjustment - The board of directors has proposed to lower the conversion price from RMB 23.99 to RMB 18.39 due to the stock price conditions [4][6] - The adjustment will be effective after the shareholders' meeting, which must approve the proposal [6]