GenTech(SH:688596) Shang Hai Zheng Quan Bao·2025-11-14 20:40Core Viewpoint - The company, Shanghai Zhengfan Technology Co., Ltd., has announced the potential for a downward adjustment of the conversion price for its convertible bonds due to the stock price falling below a specified threshold [2][8]. Group 1: Convertible Bond Details - The initial conversion price for the convertible bonds was set at 38.85 CNY per share, which was adjusted to 38.54 CNY on June 27, 2025, and further adjusted to 38.52 CNY on September 18, 2025 [3][4]. - The convertible bonds were issued on March 18, 2025, with a total issuance of 10,410,950 bonds, amounting to 1,041,095,000 CNY [2][3]. Group 2: Price Adjustment Conditions - The conversion price may be adjusted downward if the company's stock price closes below 85% of the current conversion price (32.74 CNY) for at least 15 out of 30 consecutive trading days [2][8]. - If the conditions are met, the board of directors will convene to decide on the adjustment and will disclose the decision promptly [8]. Group 3: Regulatory Compliance - The company is adhering to the regulations set forth by the Shanghai Stock Exchange regarding the management of convertible bonds and their conversion price adjustments [6][7]. - The company will publish announcements regarding any adjustments, including the extent of the adjustment and the relevant dates for shareholders [7].