002541SZSE
🚨 Material Event

Announcement on the Board of Directors' Proposal to Lower the Conversion Price of Honglu Convertible Bonds

Anhui Honglu Steel Construction (Group) Co., Ltd.··4 pages

✨ AI Summary

The company proposes to lower the conversion price of its convertible bonds due to the stock price falling below 85% of the current conversion price for 15 out of 30 trading days. The board has approved the proposal, which will be submitted to an extraordinary general meeting for shareholder approval. The new conversion price will be no lower than the average stock price of the preceding 20 trading days and the previous trading day, and also no lower than the net asset value per share.

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Full Translation

AI Translation· gemini_document

Securities Code: 002541

Bond Code: 128134

Securities Abbreviation: Honglu Steel Structure

Bond Abbreviation: Honglu Convertible Bond

Announcement No.: 2026-046

Anhui Honglu Steel Structure (Group) Co., Ltd.

Announcement on the Board of Directors' Proposal to Lower the Conversion Price of "Honglu Convertible Bond"

The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and have no false records, misleading statements, or major omissions.

Special Notice

  1. Securities Code: 002541 Securities Abbreviation: Honglu Steel Structure

  2. Bond Code: 128134 Bond Abbreviation: Honglu Convertible Bond

  3. Conversion Price: RMB 21.99 per share

  4. Conversion Period: April 15, 2021 to October 8, 2026

  5. From May 13, 2026 to June 11, 2026, the company's stock closing price was lower than 85% of the current conversion price (RMB 21.99 per share), which is RMB 18.69 per share, for fifteen trading days, triggering the downward adjustment clause for the conversion price of "Honglu Convertible Bond".

  6. On June 11, 2026, the Company held the second meeting of the Seventh Board of Directors, which deliberated and passed the "Proposal on the Board of Directors' Proposal to Lower the Conversion Price of 'Honglu Convertible Bond'". The Board of Directors has decided to propose a downward adjustment of the conversion price of "Honglu Convertible Bond" and submit this proposal to the Company's 2026 Second Extraordinary General Meeting for consideration by special resolution. Holders of "Honglu Convertible Bond" must abstain from voting on this proposal.

I. Overview of Convertible Corporate Bond Issuance and Listing

  1. Issuance of Convertible Corporate Bonds

With the approval of the China Securities Regulatory Commission's "Zhengjianxuke [2020] No. 1983" document, Anhui Honglu Steel Structure (Group) Co., Ltd. (hereinafter referred to as the "Company") publicly issued 18.8 million convertible corporate bonds on October 9, 2020. Each bond has a face value of RMB 100, with a total issuance amount of RMB 1.88 billion and a term of six years.

  1. Listing of Convertible Corporate Bonds

With the approval of the Shenzhen Stock Exchange's "Shenzhen Shang [2020] No. 971" document, the convertible corporate bonds publicly issued by the Company were listed and traded on the Shenzhen Stock Exchange on November 2, 2020. The bond abbreviation is "Honglu Convertible Bond" and the bond code is "128134".

  1. Conversion Period of Convertible Corporate Bonds

The conversion period for this convertible bond starts from the first trading day after six months from the end of the convertible bond issuance date (October 15, 2020), which is April 15, 2021, until the maturity date of the bond (October 8, 2026, extended if it falls on a holiday).

  1. Adjustment of Conversion Price of Convertible Corporate Bonds

According to relevant regulations and the "Prospectus", the initial conversion price of "Honglu Convertible Bond" was RMB 43.74 per share.

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