Announcement on Expected Trigger of Downward Adjustment Conditions for Honglu Convertible Bonds Conversion Price
The company and all members of the board of directors guarantee that the information disclosed is true, accurate, and complete, without false records, misleading statements, or significant omissions.
Special Reminder:
- Stock Code: 002541
- Stock Abbreviation: Honglu Steel Structure
- Bond Code: 128134
- Bond Abbreviation: Honglu Convertible Bonds
- Conversion Price: RMB 21.99 per share
- Conversion Period: April 15, 2021, to October 8, 2026
- From May 13, 2026, to June 1, 2026, the company's stock has closed below 85% of the current conversion price for 10 trading days. If the stock price continues to close below 85% of the current conversion price, it is expected to trigger the conditions for a downward adjustment of the conversion price.
Overview of Convertible Bonds Issuance and Listing
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Issuance of Convertible Bonds
Approved by the China Securities Regulatory Commission (CSRC) document [2020]1983, Anhui Honglu Steel Structure (Group) Co., Ltd. (hereinafter referred to as "the Company") publicly issued 18.8 million convertible bonds on October 9, 2020, with a face value of RMB 100 each, totaling RMB 1.88 billion, with a term of six years. -
Listing of Convertible Bonds
Approved by the Shenzhen Stock Exchange document [2020]971, the convertible bonds were listed for trading on November 2, 2020, under the name "Honglu Convertible Bonds" and bond code "128134." -
Conversion Period of Convertible Bonds
The conversion period for the convertible bonds starts from the first trading day after six months from the end of the bond issuance (April 15, 2021) until the bond maturity date (October 8, 2026, extended if it falls on a holiday).