002761SZSE
🚨 Material Event

Announcement on Not Lowering the Conversion Price of Convertible Corporate Bonds

✨ AI Summary

Zhejiang Construction Investment Group announces it will not lower the conversion price of its convertible bonds despite triggering conditions. The stock price fell below 85% of the conversion price for 15 trading days. The board decided against lowering the price based on future development confidence and market conditions.

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Full Translation

AI Translation· gemini_document

Securities Code: 002761

Securities Abbreviation: Zhejiang Construction Investment

Announcement No.: 2026-052

Bond Code: 127102

Bond Abbreviation: ZJJT Convertible Bond

Zhejiang Construction Investment Group Co., Ltd.

Announcement on Not Lowering the Conversion Price of Convertible Corporate Bonds

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

Special Reminder:

  1. Securities Code: 002761 Securities Abbreviation: Zhejiang Construction Investment

  2. Bond Code: 127102 Bond Abbreviation: ZJJT Convertible Bond

  3. Conversion Price: 10.22 RMB/share

  4. Conversion Period: July 1, 2024 to December 24, 2029

  5. Zhejiang Construction Investment Group Co., Ltd. (hereinafter referred to as the "Company") stock, from June 10, 2026 to July 1, 2026, has had its closing price fall below 85% of the current conversion price for at least 15 trading days within 30 consecutive trading days, triggering the condition for a downward adjustment of the conversion price of "ZJJT Convertible Bond".

I. Overview of Convertible Bond Listing and Issuance

  1. Convertible Bond Issuance and Listing Status

Registered by the China Securities Regulatory Commission with "Zheng Jian Xu Ke [2023] No. 2124", the Company publicly issued 10 million convertible bonds on December 25, 2023, with a face value of 100 RMB per bond, for a total issuance amount of 1 billion RMB. The convertible bonds issued this time were preferentially allocated to the original shareholders registered with China Securities Depository and Clearing Corporation Limited Shenzhen Branch as of the close of the equity registration date. After the original shareholders' preferential allocation, the remaining portion (including the portion abandoned by original shareholders) was issued to public investors online through the Shenzhen Stock Exchange trading system.

With the approval of the Shenzhen Stock Exchange, the Company's 1 billion RMB convertible corporate bonds were listed and traded on the Shenzhen Stock Exchange starting from January 16, 2024. The bond abbreviation is "ZJJT Convertible Bond" and the bond code is "127102".

  1. Adjustment of Convertible Bond Conversion Price

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