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恒逸石化: 关于“恒逸转2”预计触发转股价格向下修正的提示性公告

Core Viewpoint - The company is expected to trigger a downward adjustment of the conversion price for its convertible bonds "Hengyi Zhuan 2" due to the stock price being below the specified threshold for a consecutive period [1][6]. Summary by Sections Convertible Bond Issuance and Listing - The company received approval from the China Securities Regulatory Commission for the public issuance of convertible bonds, amounting to 3 billion yuan, which began trading on August 18, 2022 [1][2]. Conversion Period and Price Adjustment - The conversion period for the bonds started on January 27, 2023, and will last until the maturity date on July 20, 2028 [2]. - The conversion price has been adjusted multiple times due to annual profit distributions, with the latest adjustment changing the price from 10.41 yuan to 10.36 yuan per share [2][3]. Downward Price Adjustment Clause - The company’s board can propose a downward adjustment of the conversion price if the stock price is below 85% of the current conversion price for at least 15 out of 30 consecutive trading days [3][5]. - The adjustment requires approval from at least two-thirds of the voting rights at the shareholders' meeting, excluding those holding the convertible bonds [3][5]. Conditions for Triggering Price Adjustment - Currently, the company has experienced 10 trading days where the closing price is below 85% of the conversion price, indicating that the conditions for a downward adjustment are likely to be met [4][5]. Other Matters - Investors seeking further information on "Hengyi Zhuan 2" can refer to the full text of the bond issuance prospectus published in July 2022 [6].