Announcement on Adjustment of Conversion Price for Convertible Bonds by Qiaqia Food Co., Ltd.
The company and all members of the board guarantee that the content of this information disclosure is true, accurate, and complete, without false records, misleading statements, or significant omissions.
Special Reminder:
Before this adjustment, the conversion price of "Qiaqia Convertible Bonds": RMB 55.93 per share.
After this adjustment, the conversion price of "Qiaqia Convertible Bonds": RMB 54.95 per share.
Effective date of conversion price adjustment: June 15, 2026.
Start date of conversion suspension: June 2, 2026.
Start date of conversion resumption: June 15, 2026.
Qiaqia Food Co., Ltd. (hereinafter referred to as "the Company") publicly issued 13.4 million convertible corporate bonds (hereinafter referred to as "Convertible Bonds") on October 20, 2020, with a face value of RMB 100 each, totaling RMB 1.34 billion. The convertible bonds were listed and traded on the Shenzhen Stock Exchange on November 18, 2020, with the bond abbreviation: "Qiaqia Convertible Bonds," and bond code: "128135."
1. Basis for Adjustment of Conversion Price of Convertible Bonds
- Basis for Adjustment of Conversion Price
According to the relevant provisions of the "Prospectus for Public Issuance of Convertible Corporate Bonds by Qiaqia Food Co., Ltd.", when the company issues stock dividends, increases capital, issues new shares, or distributes cash dividends (excluding the capital increase due to the conversion of the issued convertible bonds), resulting in changes to the company's shares, the conversion price will be adjusted according to the following formulas (retaining two decimal places, rounding the last digit):
- For stock dividends or capital increases:
P1 = P0 / (1 + n); - For issuing new shares or rights issues:
P1 = (P0 + A × k) / (1 + k); - For both of the above occurring simultaneously:
P1 = (P0 + A × k) / (1 + n + k); - For cash dividends:
P1 = P0 - D; - For all three occurring simultaneously:
P1 = (P0 - D + A × k) / (1 + n + k);
Where:
P0 = conversion price before adjustment,
n = stock dividend or capital increase rate,
k = new share issuance or rights issue rate,
A = price of new shares or rights issue,
D = cash dividend per share,
P1 = conversion price after adjustment.