LONGDA(SZ:002726) Shang Hai Zheng Quan Bao·2025-09-12 18:45Core Viewpoint - The company, Shandong Longda Food Co., Ltd., has announced the potential triggering of conditions for a downward adjustment of the conversion price of its convertible bonds due to recent stock price performance [2][8]. Group 1: Convertible Bond Issuance Overview - The company issued 9.5 million convertible bonds with a total value of 950 million yuan, approved by the China Securities Regulatory Commission on July 13, 2020 [3]. - The bonds were listed on the Shenzhen Stock Exchange on August 7, 2020, under the name "Longda Convertible Bonds" with the code "128119.SZ" [3]. Group 2: Conversion Price Adjustment Conditions - The initial conversion price was set at 9.56 yuan per share, which has undergone several adjustments due to changes in the company's total share capital [5][6]. - The current conversion price is 9.30 yuan per share, effective from August 19, 2022 [6]. Group 3: Downward Adjustment Clause - The company’s board has the authority to propose a downward adjustment of the conversion price if the stock price falls below 90% of the current conversion price for ten out of twenty consecutive trading days [7]. - The period for assessing this condition began on September 8, 2025, and as of September 12, 2025, the stock price has been below the threshold for five trading days [2][8]. Group 4: Future Actions and Disclosure - If the conditions for a downward adjustment are met, the company will convene a board meeting to decide on the adjustment and will disclose the decision in accordance with regulatory requirements [9]. - The company has previously opted not to adjust the conversion price in March 2025, but the current situation may lead to a different decision [8].