芳源股份: 芳源股份关于“芳源转债”预计触发转股价格向下修正条件的提示性公告

Core Viewpoint - The company announces that its convertible bond, "Fangyuan Convertible Bond," is expected to trigger conditions for a downward adjustment of the conversion price due to the stock price being below 85% of the current conversion price for 10 out of 30 trading days [1][4]. Group 1: Convertible Bond Issuance and Trading - The company issued 6,420,000 convertible bonds at a face value of 100 yuan each, raising a total of 642 million yuan [1][2]. - The bonds began trading on November 7, 2022, under the name "Fangyuan Convertible Bond" with the code "118020" [2]. Group 2: Conversion Price Adjustment Conditions - The initial conversion price was set at 18.63 yuan per share, which may be adjusted if the stock price falls below 15.84 yuan for a specified period [1][2]. - The company has the authority to propose a downward adjustment of the conversion price if the stock price conditions are met, requiring a two-thirds majority approval from shareholders [3]. Group 3: Adjustment Procedures - If the conversion price is adjusted, the company will announce the new price, the record date for shareholders, and any suspension of conversion applications [4]. - The adjusted conversion price must not be lower than the average trading price of the stock over the 20 trading days prior to the shareholders' meeting [3].