Autowell(SH:688516) Shang Hai Zheng Quan Bao·2026-02-04 19:17Core Viewpoint - The company has announced an adjustment to the conversion price of its convertible bonds, which will take effect on February 6, 2026, following a change in its share capital due to the completion of a stock incentive plan [2][6]. Group 1: Conversion Price Adjustment - The conversion price before adjustment was 84.44 CNY per share, and the adjusted conversion price is 84.42 CNY per share [2][7]. - The adjustment is based on the completion of the third vesting period of the 2022 restricted stock incentive plan, which increased the total share capital from 315,221,490 shares to 315,329,883 shares [2][6]. Group 2: Adjustment Basis and Methodology - The adjustment of the conversion price is in accordance with the relevant provisions of the company's bond issuance prospectus, which stipulates that changes in share capital due to stock dividends, capital increases, or other corporate actions will lead to a recalibration of the conversion price [3][4]. - The formula for adjusting the conversion price includes factors such as stock dividends, capital increases, and cash dividends, ensuring that the interests of convertible bondholders are protected [5][6]. Group 3: Calculation Process - The adjustment calculation involved a new share issuance at a price of 31.6558 CNY per share, with an increase rate of 0.0344% based on the number of shares issued relative to the previous total shares [6][7]. - The final adjusted conversion price was calculated using the formula provided in the prospectus, confirming the new price of 84.42 CNY per share [7]. Group 4: Additional Information - Investors seeking more details about the convertible bonds can refer to the company's bond issuance prospectus disclosed on August 8, 2023 [8].