YONGDONG(SZ:002753) Shang Hai Zheng Quan Bao·2025-09-05 21:42Core Points - The company, Shanxi Yongdong Chemical Co., Ltd., has issued a notice regarding the potential downward adjustment of the conversion price for its convertible bonds "Yongdong Zhuan 2" [2][11] - The current conversion price is set at 8.34 CNY per share, and there is a risk of triggering a downward adjustment if the stock price remains below 90% of this price for a specified period [2][11] Group 1: Convertible Bond Issuance and Listing - The company issued 3.8 million convertible bonds with a total value of 38 million CNY, approved by the China Securities Regulatory Commission [3] - The bonds were listed on the Shenzhen Stock Exchange on May 16, 2022, under the code "127059" [4] Group 2: Conversion Price and Adjustment - The initial conversion price was set at 8.86 CNY per share, which has been adjusted multiple times due to equity distribution plans [5][6][7][8] - The conversion price has been adjusted to 8.34 CNY per share as of June 17, 2025, following the 2024 equity distribution [8] Group 3: Conditions for Downward Adjustment - The company’s board can propose a downward adjustment of the conversion price if the stock price is below 90% of the current conversion price for at least 10 out of 20 consecutive trading days [2][11] - The adjusted conversion price must not be lower than the higher of the average stock price over the previous 20 trading days or the net asset value per share [10] Group 4: Upcoming Procedures - If the conditions for adjustment are met, the company will hold a board meeting to decide on the adjustment and will disclose the decision the next trading day [11] - Investors are advised to refer to the company's prospectus for further details on the convertible bonds [12]