Special Reminder:
- Stock Code: 300787
- Stock Abbreviation: Haineng Industrial
- Bond Code: 123193
- Bond Abbreviation: Haineng Convertible Bonds
- Conversion Price: 14.50 CNY/share
- Conversion Period: October 19, 2023, to April 12, 2029
According to the "Prospectus for the Public Issuance of Convertible Corporate Bonds by Anfu County Haineng Industrial Co., Ltd." (hereinafter referred to as the "Prospectus"), it is stipulated that during the validity period of the issued convertible corporate bonds, if the closing price of the company's stock is lower than 85% of the current conversion price for at least 15 trading days within any consecutive 30 trading days, the board of directors has the right to propose a downward adjustment plan for the conversion price, which must be approved by more than two-thirds of the voting rights of shareholders present at the meeting.
From May 21, 2026, to June 3, 2026, the company's stock has had 10 trading days where the closing price was below 85% of the current conversion price, specifically 12.33 CNY/share, which is expected to trigger the conditions for a downward adjustment of the "Haineng Convertible Bonds" conversion price. If the conditions for adjustment are triggered, the company will fulfill subsequent review procedures and information disclosure obligations in a timely manner according to the Prospectus. Investors are advised to pay attention to investment risks.
Basic Information on Convertible Corporate Bonds
(1) Issuance of Convertible Bonds
With the approval of the China Securities Regulatory Commission (CSRC) [2023] No. 225, Anfu County Haineng Industrial Co., Ltd. (hereinafter referred to as the "Company") issued 6,000,000 convertible corporate bonds with a face value of 100 CNY each, raising a total of 600 million CNY.
(2) Listing of Convertible Bonds
With the approval of the Shenzhen Stock Exchange, the company's convertible bonds were listed and traded on May 9, 2023, under the bond abbreviation "Haineng Convertible Bonds" and bond code "123193".