Fengyuzhu(SH:603466) Shang Hai Zheng Quan Bao·2025-10-20 20:05Core Viewpoint - The company is announcing the potential adjustment of the conversion price for its convertible bonds, "Wind Language Convertible Bonds," due to the anticipated conditions being met for price correction [1][5]. Group 1: Convertible Bond Basic Information - The company issued 5 million convertible bonds with a total value of 500 million yuan, each with a face value of 100 yuan, on March 25, 2022 [2]. - The initial conversion price was set at 22.15 yuan per share, which was adjusted to 15.26 yuan per share on July 14, 2022, following the annual equity distribution for 2021 [2]. - The conversion price was further adjusted to 15.23 yuan per share on June 20, 2023, due to the annual equity distribution for 2022 [3]. Group 2: Future Adjustments and Conditions - The conversion price is expected to be adjusted to 15.03 yuan per share on June 7, 2024, due to the annual equity distribution for 2023 [3]. - A downward adjustment to 12.02 yuan per share is anticipated on May 9, 2025, if the conditions for price correction are met [3]. - The conversion price will be further adjusted to 11.82 yuan per share on May 27, 2025, following the annual equity distribution for 2024 [4]. Group 3: Price Correction Terms and Trigger Conditions - The company has established terms for adjusting the conversion price, which can be triggered if the stock price falls below 80% of the current conversion price for at least 15 out of 30 consecutive trading days [5]. - As of the period from September 29 to October 20, 2025, the stock price has already been below the threshold of 9.46 yuan per share for ten trading days, indicating a potential trigger for the price adjustment [6].