Jinko Power: Convertible bond conversion price adjustment possible

Jinko Power Technology (SSE:601778) has announced that its "Jinko Convertible Bonds" (113048) may trigger a downward revision of the conversion price. The bonds, issued on April 23, 2021, at a face value of CNY100 each and a total value of CNY3.0 billion, have a current conversion price of CNY5.24 per share. According to the terms of the bond agreement, if the company's stock price falls below 90% of the current conversion price (CNY4.72) for at least 15 out of 30 consecutive trading days, the company may adjust the conversion price downwards, subject to shareholder approval. As of May 9, 2025, the company's stock has been below this threshold for ten trading days. Jinko Power's board will convene to decide whether to revise the conversion price if the conditions are met. The company reminded investors to pay attention to related investment risks.