烽火通信: 烽火通信科技股份有限公司关于“烽火转债”转股价格调整暨转股停牌的公告

Core Viewpoint - The announcement details the adjustment of the conversion price for "Yunhuo Convertible Bonds" due to the issuance of new shares, resulting in a decrease in the conversion price from 22.37 CNY/share to 21.71 CNY/share, effective from August 25, 2025 [1][5]. Summary by Sections Securities Suspension and Resumption - The securities related to "Yunhuo Convertible Bonds" will be suspended and resumed trading due to the adjustment of the conversion price [1]. Conversion Price Adjustment - The previous conversion price was 22.37 CNY/share, and the new conversion price is set at 21.71 CNY/share, effective from August 25, 2025 [1][5]. - The adjustment follows the issuance of 86,546,026 new shares at a price of 12.71 CNY/share, as approved by the China Securities Regulatory Commission [5]. Adjustment Methodology - The adjustment of the conversion price is based on specific formulas outlined in the company's prospectus, which account for various corporate actions such as stock dividends, capital increases, and cash dividends [3][4]. - The calculation for the new conversion price incorporates the new share price and the proportion of new shares issued relative to the total shares outstanding [5].