CITIC Steel(SZ:000708) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-11-08 00:19Group 1 - The company has issued convertible bonds amounting to 500 million yuan, with a net fundraising amount of approximately 497.87 million yuan after deducting related expenses [4][5] - The initial conversion price of the convertible bonds was set at 25.00 yuan per share, which has been adjusted multiple times due to annual profit distributions, currently standing at 22.23 yuan per share [8][9] - The conversion period for the bonds is from September 5, 2022, to February 24, 2028 [6] Group 2 - The company’s board has decided not to propose a downward adjustment of the conversion price for the "中特转债" within the next twelve months, even if the conditions for adjustment are triggered [2][3] - There is a potential trigger for the downward adjustment of the conversion price, as the stock price has been below 80% of the current conversion price for ten trading days between October 27 and November 7, 2025 [3][10] - The company will follow the procedures outlined in the prospectus if the conditions for a downward adjustment are met, ensuring timely disclosure of any necessary information [10][11]