Huitong Group(SH:603176) Zheng Quan Zhi Xing·2025-08-18 16:18Core Viewpoint - The company announces that the conditions for the downward adjustment of the conversion price of its convertible bonds, "Huitong Convertible Bonds," are expected to be met due to the stock price performance [1][5]. Group 1: Convertible Bond Issuance Overview - The company issued 3.6 million convertible bonds on December 15, 2022, with a total amount of 360 million yuan and a maturity period of six years [2][3]. - The initial conversion price was set at 8.23 yuan per share, which has been adjusted to 8.07 yuan per share following various corporate actions [2][3]. Group 2: Conditions for Downward Adjustment - The conversion price can be adjusted downward if the company's stock price closes below 85% of the current conversion price for at least 15 out of 30 consecutive trading days [4][5]. - The current threshold for triggering the adjustment is set at 6.86 yuan per share, which is 85% of the latest conversion price [5]. Group 3: Future Considerations - The period for assessing the potential adjustment will start from July 17, 2025, to August 18, 2025, during which the company will monitor stock price performance [5]. - If the conditions are met, the board will convene to decide on the adjustment proposal, which requires a two-thirds majority approval from shareholders present at the meeting [4][5].