TINCI(SZ:002709) Zheng Quan Zhi Xing·2025-08-22 11:14Core Viewpoint - The company, Guangzhou Tinci Materials Technology Co., Ltd., has announced a potential downward adjustment of the conversion price for its convertible bonds due to the stock price being below a certain threshold for a specified period [1][8]. Summary by Sections Convertible Bond Issuance and Listing - The company issued 34,105,000 convertible bonds with a total value of 3.4105 billion yuan, with a net fundraising amount of approximately 3.395 million yuan after expenses [1][2]. - The bonds were listed on the Shenzhen Stock Exchange on October 27, 2022, under the name "Tinci Convertible Bonds" and code "127073" [2]. Conversion Price Adjustment - The initial conversion price was set at 48.82 yuan per share, which was adjusted to 48.22 yuan on May 16, 2023, and further adjusted to 48.23 yuan on June 7, 2023, following stock repurchase actions [2][3]. - The conversion price was later adjusted down to 28.88 yuan, effective from November 15, 2023, and subsequently to 28.58 yuan, effective from April 29, 2024 [4][6]. Downward Adjustment Conditions - The company may 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 [6][7]. - The board of directors has decided not to propose a downward adjustment for the next six months, but will reassess the situation starting August 11, 2025 [8]. Other Information - Investors seeking more details about the convertible bonds can refer to the company's prospectus published on September 21, 2022 [8].