SFX(SH:600370) Shang Hai Zheng Quan Bao·2025-11-19 18:59Group 1 - The company, Jiangsu Sanfangxiang Composite Materials Co., Ltd., has issued a notice regarding the potential adjustment of the conversion price for its convertible bonds, "Sanfang Convertible Bonds" [1][8] - The company issued 25 million convertible bonds on January 6, 2023, with a total amount of 250 million yuan and a maturity of six years, with varying interest rates over the years [2] - The initial conversion price was set at 3.17 yuan per share, which was adjusted to 3.02 yuan per share effective from May 8, 2023, following the company's annual profit distribution [3] Group 2 - The convertible bond's conversion price can be adjusted downwards if the company's stock price closes below 85% of the current conversion price for at least 15 out of 30 consecutive trading days [4] - If the conversion price is to be adjusted, the company must announce the adjustment details and the suspension of conversion applications through designated media [5] - As of October 25, 2025, if the company's stock price continues to close below 2.57 yuan per share for 5 out of the next 12 trading days, it will trigger the conversion price adjustment clause [6]