PIESAT(SH:688066) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-12-30 07:55Group 1 - The company issued 10.088 million convertible bonds with a total fundraising amount of RMB 1,008.80 million, netting RMB 991.37 million after expenses [1] - The convertible bonds were listed on the Shanghai Stock Exchange on December 22, 2022, under the name "Hongtu Convertible Bonds" with the code "118027" [1][2] - The initial conversion price was set at RMB 88.91 per share, which was adjusted to RMB 88.62 on January 13, 2023, and further adjusted to RMB 63.20 on May 30, 2023, due to changes in the company's share capital [3][4] Group 2 - As of August 7, 2023, a total of 77 shares had been converted, changing the company's share capital from 259,946,793 shares to 259,946,870 shares [4] - The conversion price was adjusted again to RMB 62.98 on August 30, 2023, following further changes in the company's share capital [4] - The company plans to hold a shareholder meeting on February 13, 2025, to discuss a downward adjustment of the conversion price to RMB 40.94 due to triggering conditions [5][6] Group 3 - The company has the right to propose a downward adjustment of the conversion price if the stock price falls below 85% of the current conversion price for at least 15 trading days within any 30-day period [6] - On December 8, 2025, the company triggered the condition for a downward adjustment but decided not to proceed with the adjustment after considering various factors [7] - The period for not adjusting the conversion price was modified from January 8, 2026, to December 29, 2025, allowing for a potential adjustment after that date [8]