HONGLU(SZ:002541) Shang Hai Zheng Quan Bao·2025-10-10 18:49Core Viewpoint - The company, Anhui Honglu Steel Structure (Group) Co., Ltd., is expected to trigger the downward adjustment of the conversion price for its convertible bonds due to the stock price being below 85% of the current conversion price for a specified period [1][9]. Group 1: Convertible Bond Issuance and Terms - The company issued 18.80 billion RMB worth of convertible bonds on October 9, 2020, with a face value of 100 RMB each, totaling 18.80 million bonds [2]. - The bonds were listed on the Shenzhen Stock Exchange on November 2, 2020, under the name "Honglu Convertible Bonds" with the code "128134" [3]. - The conversion period for the bonds is from April 15, 2021, to October 8, 2026 [4]. Group 2: Conversion Price Adjustments - The initial conversion price was set at 43.74 RMB per share, which has been adjusted multiple times due to equity distributions, with the latest adjustment bringing it to 32.08 RMB per share effective from June 20, 2025 [5][6][9]. - The company has the right to propose a downward adjustment of the conversion price if the stock price remains below 85% of the current conversion price for at least 15 out of 30 consecutive trading days [7][9]. Group 3: Triggering Conditions for Price Adjustment - From September 19, 2025, to October 10, 2025, if the company's stock closes below 27.27 RMB (85% of the current conversion price of 32.08 RMB) for 10 trading days, it may trigger the downward adjustment condition [1][9]. - The company is obligated to follow the procedures for price adjustment and disclose information as per the relevant regulations if the conditions are met [9]. Group 4: Other Information - Investors are encouraged to refer to the company's prospectus for further details regarding the convertible bonds and to pay attention to subsequent announcements for any updates [10].