USISH(SH:601231) Shang Hai Zheng Quan Bao·2025-08-29 21:39Core Viewpoint - The announcement details the adjustment of the conversion price for the "Huanxu Convertible Bonds" due to the exercise of stock options, which meets the criteria for price adjustment [2][5]. Group 1: Convertible Bond Issuance - Huanxu Electronics issued 34.5 million convertible bonds with a total value of RMB 345 million, with an initial conversion price set at RMB 20.25 per share [2][4]. - The bonds were listed on the Shanghai Stock Exchange on April 2, 2021, and have a maturity period from March 4, 2021, to March 3, 2027 [2][4]. Group 2: Conversion Price Adjustment - The previous conversion price was RMB 18.60 per share, which has been adjusted to RMB 18.59 per share [6][8]. - The adjustment will take effect on September 2, 2025, with the conversion suspended on September 1, 2025 [8]. Group 3: Basis for Adjustment - The adjustment is based on the company's stock option incentive plan, which has four exercise periods, all of which are currently active [4][6]. - The adjustment formula considers factors such as stock dividends, capital increases, and cash dividends, ensuring fair treatment for bondholders [6][7].