江苏华辰变压器股份有限公司关于“华辰转债”开始转股的公告

Core Viewpoint - Jiangsu Huachen Transformer Co., Ltd. has announced the commencement of the conversion period for its convertible bonds, "Huachen Convertible Bonds," which will allow bondholders to convert their bonds into company shares at a specified price starting from December 26, 2025 [2][3]. Group 1: Convertible Bond Issuance Overview - The company issued 4,600,000 convertible bonds with a total value of RMB 46 million, each with a face value of RMB 100 [2]. - The bonds were approved by the China Securities Regulatory Commission and began trading on the Shanghai Stock Exchange on July 10, 2025 [2]. - The conversion period for the bonds is set from December 26, 2025, to June 19, 2031 [3]. Group 2: Terms of Conversion - The conversion price is set at RMB 23.53 per share [4]. - The bonds have a maturity period of six years, expiring on June 19, 2031 [3]. - The coupon rates for the bonds are structured to increase over the years, starting from 0.20% in the first year to 2.50% in the sixth year [2]. Group 3: Conversion Procedures - Bondholders can apply to convert their bonds into shares through the Shanghai Stock Exchange trading system [5]. - The minimum conversion unit is one share, and any fractional bond amount that does not convert into a full share will be settled in cash [6]. - Conversion applications must be submitted during normal trading hours on trading days, excluding specific suspension periods [8]. Group 4: Adjustments to Conversion Price - The initial and latest conversion price is maintained at RMB 23.53 per share [13]. - The conversion price may be adjusted in response to corporate actions such as stock dividends, capital increases, or cash dividends, following specific formulas [14][15]. - If the stock price falls below 85% of the conversion price for a specified period, the board may propose a downward adjustment to the conversion price, subject to shareholder approval [17][18]. Group 5: Additional Information - Investors seeking detailed terms of the "Huachen Convertible Bonds" can refer to the company's prospectus published on June 18, 2025 [19]. - The company’s contact information for inquiries is provided, including a phone number and email address [20].