Ningbo Sunrise(SZ:002937) Shang Hai Zheng Quan Bao·2025-11-05 19:53Core Viewpoint - Ningbo Xingrui Electronic Technology Co., Ltd. has announced that its convertible bond, Xingrui Convertible Bond, is expected to trigger conditions for a downward adjustment of the conversion price due to stock performance [1][5]. Group 1: Convertible Bond Issuance - The company issued 4.62 million convertible bonds on July 24, 2023, with a face value of 100 RMB each, raising a total of 462 million RMB, netting 454.907 million RMB after expenses [2]. - The bonds have a maturity period of 6 years, from July 24, 2023, to July 23, 2029 [2]. Group 2: Conversion Price Adjustment Terms - The conversion price is set at 25.50 RMB per share, with the conversion period from January 29, 2024, to July 23, 2029 [1]. - If the stock price falls below 85% of the conversion price for at least 15 out of 30 consecutive trading days, the board can propose a downward adjustment of the conversion price, subject to shareholder approval [3]. Group 3: Expected Trigger for Price Adjustment - From October 23, 2025, to November 5, 2025, the company's stock has closed below 85% of the conversion price for 10 out of 30 trading days, indicating a potential trigger for a price adjustment [5]. - The company is required to hold a board meeting to decide on the adjustment and must disclose the decision in accordance with relevant regulations [5]. Group 4: Additional Information - Investors can refer to the full prospectus disclosed on July 20, 2023, for more details regarding the convertible bonds [6].