嘉元科技: 广东嘉元科技股份有限公司关于董事会提议向下修正“嘉元转债”转股价格的公告

Core Viewpoint - The company proposes to lower the conversion price of its convertible bonds, "Jia Yuan Convertible Bonds," due to the triggering of the downward adjustment clause as the stock price has been below the specified threshold for a consecutive period [1][7]. Summary by Sections Convertible Bond Issuance Overview - The company issued 12.4 million convertible bonds on February 23, 2021, with a total value of 1.24 billion yuan, each with a face value of 100 yuan, and a maturity period of six years until February 22, 2027 [1][2]. Adjustment History of Conversion Price - The initial conversion price was set at 78.99 yuan per share, with subsequent adjustments made due to various corporate actions, including a reduction to 71.22 yuan per share following a specific issuance [2][3]. Downward Adjustment Clause - The downward adjustment clause allows the company to propose a reduction in the conversion price if the stock price falls below 85% of the current conversion price for at least 15 out of 30 consecutive trading days [6]. Recent Trigger for Adjustment - From August 8, 2025, to August 28, 2025, the company's stock price fell below 35.60 yuan (85% of the current conversion price of 41.88 yuan), triggering the adjustment clause [7]. Board Meeting and Shareholder Approval - The board of directors approved the proposal to lower the conversion price on August 28, 2025, with a unanimous vote of 9 in favor, and the proposal will be submitted for approval at the upcoming extraordinary general meeting of shareholders [7][8].