Huazheng convertible bond may trigger price adjustment

Zhejiang Huazheng New Materials Co., Ltd. (SSE:603186) announced that its "Huazheng Convertible Bond" (113639) is nearing the threshold that would trigger a downward adjustment of the conversion price. The initial conversion price was 39.09 yuan/share, and the current conversion price is 38.51 yuan/share. According to the terms, if the company's stock price falls below 85% of the current conversion price for at least 15 out of 30 consecutive trading days, the company's board has the right to propose a downward revision of the conversion price. As of February 10, 2025, the company's stock price has been below the 85% threshold for 10 trading days since January 19, 2025. If this continues for another five trading days within the next 20 trading days, the adjustment mechanism will be activated. The company will make further announcements regarding any decision to adjust the conversion price.