SDIC Capital's convertible bonds may trigger price revision

SDIC Capital Co., Ltd. announced that its stock price has fallen below 80% of the current conversion price of CNY 9.55 per share for ten trading days between April 22, 2025, and May 8, 2025, potentially triggering the downward revision clause for its "SDIC Convertible Bonds" (SSE:110073). The bonds, with a face value of CNY 100 each, were issued on July 24, 2020, with a total issuance of CNY 8 billion. If the trigger is met, the board of directors will convene a meeting to decide whether to revise the conversion price downward and will promptly fulfill information disclosure obligations. Investors are advised to pay attention to the company's subsequent announcements and be aware of investment risks. The company’s initial conversion price was CNY 15.25, and it has adjusted the price multiple times following profit distributions.