Zhejiang Sunoren convertible bonds nearing price adjustment trigger

Zhejiang Sunoren Solar Technology's "Xinneng Convertible Bonds" (stock code: 113679) are predicted to trigger a downward adjustment to their conversion price. As of September 18, 2025, the company's stock has traded below 85% of the current conversion price (RMB12.75 per share), specifically below RMB10.8375 per share, for ten consecutive trading days since September 5, 2025. If the stock continues to meet these conditions for five more trading days within the next twenty consecutive trading days, the adjustment clause will be triggered.

Should the trigger conditions be met, the company's board of directors will convene to decide whether to adjust the conversion price, followed by timely information disclosure. Investors are advised to monitor subsequent announcements and be aware of potential investment risks. The current conversion price of "Xinneng Convertible Bonds" is RMB12.75 per share, with the conversion period running from May 6, 2024, to October 25, 2029.

This is not the first time the conditions have been met. From February 12 to March 4, 2025, the company's stock also triggered the adjustment clause, but the board decided not to adjust the conversion price at that time. A previous adjustment to the conversion price was made on May 30, 2025, due to the 2024 annual equity distribution, lowering it from RMB12.95 to RMB12.75 per share.