Core Viewpoint - Shandong Glass Fiber Group Co., Ltd. has successfully completed a share buyback program, acquiring a total of 8,593,580 shares, which represents 1.41% of its total share capital, with an actual expenditure of approximately 50.08 million yuan [1][4][5]. Summary by Sections Buyback Plan Approval and Details - The buyback plan was first disclosed on August 28, 2024, with a buyback period from August 27, 2024, to August 26, 2025, and an estimated buyback amount between 50 million yuan and 100 million yuan [1]. - The maximum buyback price was initially set at 5.41 yuan per share but was later adjusted to 10.22 yuan per share on August 18, 2025 [2]. Buyback Implementation - The company executed the buyback through the Shanghai Stock Exchange, with the lowest buyback price recorded at 4.08 yuan per share and an average buyback price of 5.83 yuan per share [4]. - The total funds used for the buyback amounted to 50,082,335.17 yuan [4]. Shareholding Changes - Following the buyback, the total number of shares increased from 610,956,795 to 610,967,179, with the increase attributed to the conversion of convertible bonds [5]. - The distribution of shares post-buyback indicates that the number of shares with limited sale conditions remained unchanged, while the number of shares with unlimited sale conditions increased due to the conversion of bonds [5]. Treatment of Repurchased Shares - All repurchased shares will be held in a dedicated repurchase account and will not have voting rights or rights to dividends until utilized for employee stock ownership plans or equity incentives [6]. - If the repurchased shares are not fully utilized within three years, the unutilized shares will be canceled [6].

Group 1 - Dongjie Convertible Bond is subject to strong redemption [1] - Dongjie Intelligent is planning a change in control and has suspended trading [1] - Yuanxin Convertible Bond and Huayi Convertible Bond are not subject to strong redemption [1] Group 2 - He Feng Co., Ltd. shareholders plan to reduce their holdings by no more than 2.19% of the company's shares [1] - New Zhisoft shareholders plan to reduce their holdings by no more than 2.81% of the company's shares [1] - Zhenyang Development is planning a major asset restructuring, with a suspension period not exceeding 10 trading days [1] Group 3 - Shanbo Convertible Bond will not undergo a down adjustment [1] - Jinwei Convertible Bond is available for subscription [1] - CICC Vipshop Outlet REIT (508082) is available for subscription [1] - Hongyuan Co., Ltd. has been listed [1] Group 4 - A detailed table of various convertible bonds including their current prices, redemption prices, last trading dates, last conversion dates, conversion values, remaining scales, and the proportion of convertible bonds to the underlying stocks is provided [3][5]

证券日报网讯8月19日晚间，山东玻纤（605006）发布公告称，经公司第四届董事会第十二次会议审议 通过，公司董事会决定本次不行使向下修正"山玻转债"转股价格的权利，同时决定未来6个月内(即2025 年8月20日至2026年2月19日)，如再次触发"山玻转债"转股价格向下修正条款，亦不提出向下修正方 案。 ...

Group 1 - The company Shandong Glass Fiber announced that its stock price has been below 85% of the current conversion price for ten trading days from July 30, 2025, to August 12, 2025, indicating a potential trigger for the downward adjustment of the conversion price as per the prospectus [1] - If the adjustment condition is triggered, the company will convene a board meeting on the triggering date to decide whether to adjust the conversion price and will fulfill its information disclosure obligations in a timely manner [1]

Core Viewpoint - Shandong Glass Fiber Group Co., Ltd. announced that it will not propose a downward adjustment of the conversion price for its convertible bonds, "Shanbo Convertible Bonds," during the three-month period from April 30, 2025, to July 29, 2025, despite the possibility of triggering conditions for such an adjustment [1][6]. Summary by Sections Convertible Bond Issuance Overview - The company issued 6 million convertible bonds with a total amount of RMB 600 million, each with a face value of RMB 100, approved by the China Securities Regulatory Commission on November 8, 2021 [2]. - The bonds began trading on the Shanghai Stock Exchange on December 6, 2021, under the name "Shanbo Convertible Bonds" and code "111001" [2]. Conversion Price Adjustment History - The conversion price was adjusted from RMB 13.91 to RMB 11.50 per share effective May 10, 2022, due to the company's annual equity distribution [2]. - Subsequent adjustments were made, with the conversion price set at RMB 11.23 per share starting May 25, 2023, and further adjustments to RMB 11.13 and RMB 11.12 per share due to stock incentive plans [3][4]. Downward Adjustment Conditions - The company’s board has the authority to propose a downward adjustment of the conversion price if the stock price closes below 85% of the current conversion price for at least 15 out of 30 consecutive trading days [5]. - The adjusted conversion price must not be lower than the higher of the average stock price over the 20 trading days prior to the shareholders' meeting and the latest audited net asset value per share [5]. Current Situation and Future Considerations - As of the board meeting on April 29, 2025, the company decided not to propose a downward adjustment for the conversion price during the specified three-month period, with a reassessment to occur after July 30, 2025 [1][6]. - There is a possibility of triggering the downward adjustment conditions if the stock price remains below RMB 9.41 per share during the specified trading days [1][6].

Summary of Key Points Core Viewpoint - The announcement provides an update on the conversion results of the company's convertible bonds, indicating minimal conversion activity and outlining the current status of the bonds and their conversion price adjustments. Group 1: Convertible Bond Conversion Status - As of June 30, 2025, a total of RMB 106,000 of "Shanbo Convertible Bonds" has been converted into A-shares, resulting in 9,302 shares, which represents 0.0016% of the total shares before conversion [2][8] - The amount of unconverted convertible bonds as of June 30, 2025, is RMB 599,894,000, accounting for 99.9823% of the total issuance [2][8] - No convertible bonds were converted into A-shares during the period from April 1, 2025, to June 30, 2025, with a conversion quantity of 0 shares [2][8] Group 2: Convertible Bond Issuance Overview - The company issued 6,000,000 convertible bonds on November 8, 2021, with a total value of RMB 600,000,000, each with a face value of RMB 100 [3][4] - The bonds began trading on the Shanghai Stock Exchange on December 6, 2021, and the initial conversion price was set at RMB 13.91 per share [3][4] Group 3: Conversion Price Adjustments - The conversion price was adjusted to RMB 11.50 per share on May 10, 2022, due to the company's annual equity distribution [4] - Following the 2022 annual equity distribution, the conversion price was further adjusted to RMB 11.23 per share on May 25, 2023 [5] - The conversion price was adjusted to RMB 11.13 per share on June 26, 2023, due to the implementation of the 2022 restricted stock incentive plan [5] - The current conversion price stands at RMB 11.07 per share as of June 30, 2024 [7][6] Group 4: Share Buyback Progress - The company approved a share buyback plan on August 27, 2024, with a budget of RMB 50 million to RMB 100 million, at a maximum price of RMB 5.41 per share [12][14] - As of June 30, 2025, the company has repurchased 6,220,980 shares, representing 1.0182% of the total share capital, with a total expenditure of RMB 29,988,522.56 [14][15]

Core Viewpoint - The credit rating for Shandong Glass Fiber Group Co., Ltd. and its convertible bond "Shanbo Convertible Bond" remains unchanged at "AA-" with a stable outlook [2]. Group 1: Previous and Current Ratings - The previous credit rating for the company was "AA-" and for the "Shanbo Convertible Bond" was also "AA-", with a stable outlook [2]. - The current credit rating for the company and the bond remains "AA-" with a stable outlook, indicating no change from the previous rating [2]. Group 2: Rating Agency and Report - The credit rating was conducted by the credit rating agency United Credit Rating Co., Ltd. [2]. - The tracking credit rating report was issued on June 4, 2025, and is available on the Shanghai Stock Exchange website [3].

Key Points - The company guarantees the authenticity, accuracy, and completeness of the quarterly report and assumes legal responsibility for its content [1][39] - The first quarter financial statements are unaudited [2][4] - The company held its annual general meeting on April 29, 2025, with all resolutions passed without objection [6][7] - The board of directors decided not to adjust the conversion price of the "Shanbo Convertible Bonds" despite triggering the downward adjustment clause [17][29] - The current conversion price of the "Shanbo Convertible Bonds" is RMB 11.07 per share [34][35] - An investor meeting is scheduled for May 20, 2025, to discuss the first quarter results and address investor questions [39][41]

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：605006 证券简称：山东玻纤 公告编号：2025-036 转债代码：111001 转债简称：山玻转债 山东玻纤集团股份有限公司 山东玻纤集团股份有限公司（以下简称公司）于2024年10月8日召开第四届董事会第五次会议，审议通 过了《关于不向下修正"山玻转债"转股价格的议案》，决定在未来六个月内（即2024年10月9日至2025 年4月8日）若触发转股价格向下修正条件，将不提出向下修正方案。在此期间之后（自2025年4月9日起 重新计算），若再次触发转股价格向下修正条件，届时公司董事会将再次召开会议决定是否行使"山玻 转债"的转股价格向下修正权利。 公司股票自2025年4月9日至2025年4月22日已有十个交易日的收盘价低于当期转股价格的85%（即9.41 元/股），存在触发《山东玻纤集团股份有限公司公开发行可转换公司债券募集说明书》（以下简称 《募集说明书》）中规定的转股价格向下修正条件的可能性。若触发修正条件，公司将于触发条件当日 召开董事会审议决定是否修正转股价格，并及时履行信息披露义务。 根据《上海证券交易所上市公司自律监管指引第12号一一 ...