浙矿股份: 浙矿重工股份有限公司关于预计触发可转债转股价格向下修正条件的提示性公告

Core Viewpoint - The company, Zhejiang Mining Heavy Industry Co., Ltd., has announced the potential for a downward adjustment of the conversion price for its convertible bonds, "Zhejiang Mining Convertible Bonds," if certain conditions are met regarding the stock price [1][4]. Summary by Sections Convertible Bond Basic Information - The company issued 3,200,000 convertible bonds with a total value of 320 million yuan, netting approximately 311.48 million yuan after expenses [1][2]. - The bonds were listed on the Shenzhen Stock Exchange on March 28, 2023, under the code "123180" [2]. Conversion Period and Price Adjustment - The conversion period for the bonds is from September 15, 2023, to March 8, 2029 [2]. - The conversion price has been adjusted multiple times, currently set at 48.49 yuan per share, with further adjustments scheduled for June 6, 2024, and May 28, 2025 [2][3]. Downward Adjustment Clause - The company 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 [2][4]. - The adjustment must be approved by at least two-thirds of the voting rights at a shareholders' meeting, excluding those holding the convertible bonds [2][3]. Specific Conditions for Adjustment - The current threshold for triggering a downward adjustment is if the stock price falls below 40.71 yuan per share [4][5]. - The company has decided not to exercise the right to adjust the conversion price for a six-month period following the board's decision, which will be re-evaluated after August 19, 2025 [4][5]. Other Matters - Investors are encouraged to refer to the full prospectus published on March 7, 2023, for additional details regarding the convertible bonds [5].