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Weiming Environment Protection's convertible bond may see conversion price adjustment

October 22, 2025 at 09:30 AM UTCBy FilingReader AI

Zhejiang Weiming Environment Protection Co., Ltd. announced that its "Wei 22 convertible bonds" (bond code: 113652) are expected to meet the conditions for a conversion price adjustment. As of October 22, 2025, the company's shares have traded below 90% of the current conversion price of 27.27 yuan per share (i.e., 24.54 yuan per share) for ten trading days. If this trend continues for another five trading days within the next twenty trading days, the conversion price will be eligible for adjustment.

The "Wei 22 convertible bonds," issued on July 22, 2022, had an initial conversion price of 32.85 yuan per share. Following several adjustments, including those related to stock incentive plans and profit distribution schemes in 2023 and 2024, the current conversion price stands at 27.27 yuan per share, effective from June 6, 2025.

The company will determine whether to amend the conversion price after the triggering conditions are met, in accordance with the terms of its convertible bond prospectus and relevant regulations, and will fulfill its information disclosure obligations. Investors are advised to monitor subsequent announcements.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

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