BAIRUN CORPORATION(SZ:002568) Shang Hai Zheng Quan Bao·2026-02-05 18:03Core Viewpoint - The company, Shanghai Bairun Investment Holding Group Co., Ltd., has announced that its convertible bond, "Bairun Convertible Bond," is expected to trigger conditions for a downward adjustment of the conversion price due to the stock price being below 85% of the current conversion price for 10 trading days [1]. Group 1: Convertible Bond Issuance and Listing - The company issued 11.28 million convertible bonds with a total value of 1.128 billion yuan, approved by the China Securities Regulatory Commission on September 29, 2021 [2]. - The bonds were listed on the Shenzhen Stock Exchange on November 3, 2021, under the name "Bairun Convertible Bond" and code "127046" [3]. Group 2: Conversion Period and Price Adjustments - The conversion period for the bonds is from April 12, 2022, to September 28, 2027 [4]. - The initial conversion price was set at 66.89 yuan per share, which has undergone several adjustments due to various corporate actions [5][7]. - The current conversion price is 46.68 yuan per share, effective from September 10, 2025 [8]. Group 3: Downward Adjustment Conditions - The company has the authority to propose a downward adjustment of the conversion price if the stock price is below 85% of the current conversion price for at least 15 out of 30 consecutive trading days [9]. - If the conditions for adjustment are met, the company will follow the necessary procedures for shareholder approval and disclosure [10][11].