Shang Hai Zheng Quan Bao·2026-01-12 18:14Core Viewpoint - China General Nuclear Power Corporation has announced the commencement of the conversion period for its convertible bonds, allowing bondholders to convert their bonds into shares at a price of 3.67 CNY per share from January 15, 2026, to July 8, 2031 [1][3][20]. Group 1: Convertible Bond Basic Information - The company issued 49,000,000 A-share convertible bonds with a total fundraising amount of 490 million CNY [6][1]. - The bonds were approved by the China Securities Regulatory Commission and listed on the Shenzhen Stock Exchange starting July 25, 2025 [2][1]. - The bonds have a maturity period of six years, from July 9, 2025, to July 8, 2031 [8][1]. Group 2: Conversion Terms - The conversion price is set at 3.67 CNY per share, which is the initial conversion price [20][1]. - The conversion period is from January 15, 2026, to July 8, 2031, allowing bondholders to choose whether to convert their bonds into shares [16][1]. - The conversion process requires bondholders to submit applications through the Shenzhen Stock Exchange trading system [18][1]. Group 3: Interest and Redemption - The bonds will pay interest annually, with rates increasing from 0.2% in the first year to 2.0% in the sixth year [9][1]. - Upon maturity, the company will redeem the bonds at 106% of the face value, including the last interest payment [26][1]. - There are conditions under which the company can redeem the bonds early if certain stock price thresholds are met [27][1]. Group 4: Additional Provisions - If the company undergoes significant changes in the use of raised funds, bondholders have the right to sell their bonds back to the company [31][1]. - The newly converted shares will enjoy the same rights as existing shares, including participation in profit distribution [32][1]. - The company will adjust the conversion price if there are changes in share capital, such as stock splits or dividends [21][1].