新洋丰农业科技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 is expected to trigger the condition for a downward adjustment of the convertible bond conversion price due to its stock closing price being below 85% of the current conversion price for 10 trading days from August 11, 2025 to September 3, 2025 [2][16]. Group 1: Convertible Bond Basic Information - The company issued 10 million convertible bonds with a total value of 1 billion RMB on March 25, 2021, with a face value of 100 RMB each [3]. - The convertible bonds were listed on the Shenzhen Stock Exchange on April 23, 2021, under the name "洋丰转债" and code "127031" [4]. - The conversion period for the bonds is from October 8, 2021, to March 24, 2027 [5]. Group 2: Conversion Price Adjustment History - The initial conversion price was set at 20.13 RMB per share, which was adjusted to 19.94 RMB per share on May 11, 2021, following a profit distribution [7]. - The conversion price was further adjusted to 17.76 RMB per share on December 21, 2021, and then to 17.57 RMB per share on May 17, 2022, after subsequent profit distributions [8][9]. - The latest adjustment brought the conversion price to 17.38 RMB per share on May 23, 2023, and it will be adjusted to 17.69 RMB per share effective January 3, 2024, following a capital reduction [11][12]. Group 3: Downward Adjustment Conditions - The company has the right to 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 [14]. - If the downward adjustment condition is triggered, the company will disclose the decision and the new conversion price in accordance with relevant regulations [17]. - The next potential adjustment period will begin on August 11, 2025, and if the stock price remains below 14.53 RMB (85% of 17.09 RMB), the adjustment condition will be met [16].