Wellhope(SH:603609) Shang Hai Zheng Quan Bao·2026-01-12 18:14Core Viewpoint - The company, Hefeng Food Co., Ltd., announced that the repurchase and cancellation of shares will not lead to an adjustment in the conversion price of its convertible bonds, maintaining the price at 10.09 yuan per share despite the reduction in total shares due to the repurchase [5][6]. Group 1: Share Repurchase and Cancellation - The company will repurchase and cancel 4,200,000 shares from its 2024 employee stock ownership plan due to unmet unlocking conditions [8][9]. - The repurchase price for the shares is set at 5.15 yuan per share, utilizing the company's own funds [11]. - Following the cancellation, the total number of shares will decrease from 912,491,133 to 908,291,133 [3][9]. Group 2: Convertible Bond Details - The company issued 15 million convertible bonds in April 2022, with a total issuance amount of 150 million yuan and an initial conversion price of 10.22 yuan per share [2]. - The conversion price was adjusted to 10.09 yuan per share prior to the recent announcement, but remains unchanged after the share cancellation [5][6]. - The conversion price adjustment formula considers factors such as stock dividends, capital increases, and cash dividends, but in this case, the conversion price remains stable due to the specific calculations involved [4][6].