广东宏川智慧物流股份有限公司关于“宏川转债”预计触发转股价格向下修正条件的提示性公告

Core Viewpoint - The company, Guangdong Hongchuan Smart Logistics Co., Ltd., has announced a potential downward adjustment of the conversion price for its convertible bonds due to the stock price being below 90% of the current conversion price for 10 consecutive trading days [2][30]. Group 1: Convertible Bond Issuance Overview - The company issued 6.7 million convertible bonds with a total value of 670 million yuan, approved by the China Securities Regulatory Commission on July 17, 2020 [3]. - The initial conversion price was set at 20.25 yuan per share [4]. Group 2: Conversion Price Adjustments - The conversion price has undergone several adjustments due to stock option exercises and equity distributions, with the latest adjustment bringing the price down to 19.18 yuan per share effective June 26, 2023 [18][20]. - The company has a defined process for adjusting the conversion price, which includes conditions for downward adjustments based on stock performance [28][29]. Group 3: Triggering Conditions for Price Adjustment - The company has indicated that from October 10 to October 23, 2025, the stock price has been below 90% of the conversion price, which may trigger a downward adjustment [30]. - If the conditions for adjustment are met, the company will follow the necessary procedures for review and disclosure as per regulatory requirements [30].