GenTech(SH:688596) Shang Hai Zheng Quan Bao·2025-09-16 19:12Core Viewpoint - The company announced an adjustment to the conversion price of its convertible bonds, "Zhengfan Convertible Bonds," effective from September 18, 2025, reducing the price from 38.54 CNY to 38.52 CNY per share due to stock option exercises and other corporate actions [5][19]. Group 1: Conversion Price Adjustment - The conversion price adjustment is based on the company's stock option exercise and follows the relevant provisions in the offering prospectus [3][19]. - The previous conversion price was 38.54 CNY per share, and the new conversion price is set at 38.52 CNY per share [5][6]. - The adjustment formula considers factors such as stock dividends, capital increases, and cash dividends [4][20]. Group 2: Convertible Bond Issuance Overview - The company issued 10,410,950 convertible bonds with a total value of 1,041,095,000 CNY, with a maturity period of six years from March 18, 2025, to March 17, 2031 [8][10]. - The bonds will be convertible into shares starting from September 24, 2025, until March 17, 2031 [9][10]. - The bonds have a face value of 100 CNY each and a tiered interest rate structure over the six-year period [10]. Group 3: Conversion Procedures - Holders of the convertible bonds can apply to convert their bonds into shares during the conversion period, following the procedures set by the Shanghai Stock Exchange [11][13]. - The conversion process allows for partial or full conversion of the bonds, with specific rules regarding the minimum conversion unit and the handling of fractional shares [11][15]. - Newly converted shares will have the same rights as existing shares and will be listed for trading the next business day after conversion [15].