QIFAN(SH:605222) Xin Lang Cai Jing·2025-09-15 08:47Core Viewpoint - The report discusses the significant matter regarding the "Qifan Convertible Bonds" issued by Shanghai Qifan Cable Co., Ltd., highlighting the adjustment of the conversion price and its implications for the company [1] Group 1: Convertible Bond Details - The "Qifan Convertible Bonds" were issued on May 24, 2021, with a total scale of 1 billion yuan and a maturity period of 6 years [1] - The initial conversion price was set at 20.53 yuan per share, while the current price is 17.35 yuan per share [1] - From August 1 to August 21, 2025, the conversion price will be subject to downward adjustment [1] Group 2: Price Adjustment Decision - The company's board and shareholders have approved the adjustment of the conversion price from 19.55 yuan per share to 17.35 yuan per share, effective from September 11 [1] - The conversion was suspended on September 10 and resumed on September 11 [1] - This adjustment complies with the agreed terms and does not affect the issuer's daily operations or debt repayment capability [1] Group 3: Monitoring and Future Actions - Guotai Junan Securities will closely monitor the situation following the adjustment [1]